Kevin Rodgers gives his personal views on the trial and conviction of FX banker Mark Johnson and its ramifications for global markets. Anyone working in banking should consider what it means for them.
Trade finance on blockchain moves to full commercial production
A soybean trade between two arms of Cargill using letters of credit from HSBC and ING shows the R3 Corda platform is finally set to scale up.
A rebound in equity issuance and the continued rise – from a high base – in DCM issuance, helped offset lower regional M&A volumes last year, as international yield hunters helped sovereigns and government-related entities offset the decline in petro-dollar flows. The bank that looms largest in this financing activity, especially in bonds and sukuk, is HSBC, the region’s best bank for financing.
Asiamoney best bank awardsBest bank for SMEs: Bangladesh
Best international bank: Sri Lanka
Middle East's best bank for Asia: Egypt
One senses Douglas Flint is enjoying life after HSBC.
More than 2,000 private banks took part in the 2018 Euromoney private banking survey.
Global results: Commercial banking capabilities – HSBC
The banks aiming to beat the equities blues
Ex-HSBC banker Slevin saddles up for British Cycling
‘Budgie’ always made his passion for cycling clear during his banking career.
HSBC emerges as 2018’s big winner, moving up to first place in the global overall best service rankings from second last year. The result pushes Deutsche Bank down into third place, with UniCredit creeping up from third to take second.
Trade Finance Survey 2018: Plugging the trade finance gap
The impediments to providing more trade finance to emerging-market clients are well known, but that does not make them any easier to overcome. Could the ultimate solution be in turning trade finance into an attractive asset class for institutional investors?
Euromoney Trade Finance Survey 2018: Press release
HSBC rises to the top of trade finance.
Tucker and Flint must not squander Gulliver's legacy at HSBC.
Cash Management Non-Financial Institutions Survey 2017: Which ICMs do you use most globally?
Cash Management Financial Institutions Survey 2017: Which ICMs do you use most globally?
Asiamoney Cash Management Survey 2017: Satisfaction is far from guaranteed
Gulliver cements HSBC legacy with DPA removal
CLSA comes out on top in this year’s contest for best brokerage in Asia (ex-Australia, China A&B, Japan) in the 28th edition of the poll, beating second best HSBC by a narrow margin. UBS, winner of the poll in 2014 and 2015, takes the third place. While dropping from the first place after last year’s win, HSBC snags the win as overall best house for regional research.
Why Westerman’s departure from HSBC became inevitable
Foreign partners consider next steps for Chinese securities JVs
Banking: What Asia league tables tell us as the year draws to a close
HSBC: Flint will need to find his spark
HSBC’s next chief executive must quickly show he’s the man to take the bank forward.
Macaskill on markets: New rules for the trading road
BNY Mellon and HSBC hope that, in an illiquid fixed income market with no registry of beneficial owners, their asset management clients may benefit from alerts about other counterparties wishing to buy or sell bonds.
Regional banks set the pace
At first glance Euromoney’s global cash management survey 2017 results suggest that it is business as usual, but digging a little deeper into the rankings reveals that some regionals are setting new standards in quality of service.
Cash Management Survey 2017: Press release
HSBC holds top place in both the global financial institutions and non-financial institutions results; global banks dominate but regional banks continue rise.
More than 2,200 fixed income investors took part in Euromoney’s annual survey. French firms Natixis and SocGen vie with JPMorgan and HSBC for best in class.
Fixed Income Research Survey 2017: Overall
To Gordon French, head of global banking and markets for Asia Pacific at HSBC, Belt and Road is “a supercharger.”
New Silk Road Finance Awards 2017
Through the internationalization of the renminbi, capital markets activity, mergers and acquisitions and the funding of some remarkable projects, the Belt and Road Initiative (BRI) has taken root in financial markets. These are the banks leading the way.
Best international bank for BRI
Best overall international bank for BRI
New Silk Road Finance Awards 2017 Southeast Asia: Best bank for BRI-related infrastructure finance
New Silk Road Finance Awards 2017 South Asia: Best bank for BRI-related infrastructure finance
New Silk Road Finance Awards 2017 CEE: Best bank for BRI-related finance
Euromoney names HSBC as the World’s Best Bank and Morgan Stanley as the World’s Best Investment Bank; UniCredit’s chief executive Jean Pierre Mustier wins Banker of the Year award.
World's best bank 2017: HSBC
Stuart Gulliver’s six-year transformation of HSBC has created a global bank that works, rather than one that merely exists. And through that process, the bank has continued to deliver impressive returns.
Awards for Excellence 2017: How Gulliver fixed the world's best bank HSBC for the future
Awards for Excellence 2017: HSBC
An awards round-up.
HSBC brains as well as brawn, as its coordination of bonds for regional financial institutions illustrates, notably the first Gulf insurance hybrid from Qatar Insurance Company and a string of perpetual sukuk from Kuwait.
HSBC and Tradeshift launch supply chain finance ‘game changer’
Banking: Assaf sets positive tone for HSBC
Lost amid disappointing 2016 results, HSBC’s Global Banking and Markets (GB&M) division has already hit the group 10% return on equity (ROE) target and holds out hope for more to come.
Runners and riders in the HSBC Succession Champion Chase
Banking: Divine inspiration
Lloyd Blankfein may think that Goldman Sachs’ bankers have a monopoly on doing God’s work, but HSBC seems to be giving the US firm a run for its money.
Banking: Could HSBC finally crack the US?
Citi rebrands in Mexico as HSBC signals it will stay
Citi seeks to commit to Mexico after Latin America withdrawal; HSBC injects capital but commitment questioned.
Brazil: Itaú acquisition raises competition concerns
Itaú’s move on Citi’s Brazilian bank comes as Bradesco nears the completion of its purchase of HSBC’s operations in the country.
Lake calls time on HSBC
HSBC global banking and markets vice-chairman and architect of its transformative capital financing model Spencer Lake has decided to leave the firm, Euromoney has learned.
Cash Management Survey 2016
Regional banks on the rise in global cash management
While HSBC scores a notable double in Euromoney’s annual global rankings, the record response rate of almost 35,000 validated votes generated a host of changes at the upper end of our cash management survey. Regional banks move to the fore and some previous global leaders have dropped back.
Cash management non-financial institutions survey 2016: Which ICMs do you use most globally?
Cash management financial institutions survey 2016: Which ICMs do you use most globally?
Macaskill on markets: Front-running and the death of fixed income
The case against two HSBC employees for front-running a foreign exchange order from a client could hasten the death of the principal model for FICC trading by banks. A shift to an advisory-based approach is possible, but banks will struggle to make up lost revenue.
When HSBC’s former head of global FX cash trading Mark Johnson learned that he had a window of just over 30 minutes to move the sterling exchange rate and profit from an approaching client trade, he said: “Ohhh f***ing Christmas,” according to US prosecutors.
Awards for Excellence 2016
|HSBC's headquarters in London|
Westerman joins from Goldman as HSBC rejigs global banking management
Hiring is a coup for HSBC as it tries to build on success of simplified structure in growing GBM division.
HSBC plotline points back to Gulliver
With the bank’s HQ distraction now over, disappointing results have switched attention to the CEO.
Brazil banking: Bradesco buoyant, HSBC on back foot
Achievement in CSR Award: HSBC
Long held up as an example of bad bank behaviour, HSBC has also done some outstanding work in the field of CSR.
Off Message: Canny comms get results for HSBC
Quietly, but forcefully, the bank is getting its message across to UK government and regulators.
HSBC doubles down on EM IB gamble
Banking: Chiang makes his point with HSBC
California’s new treasurer picked his target when he made an example of the foreign bank but the domestic players have been warned.
HSBC expands transaction services workforce
HSBC hired some 500 people in its transaction banking business last year and expanded its mobile offering. The bank's global head of payments and cash management Diane Reyes reflects on some of the lessons learned.
Is Bradesco in the frame for HSBC Brazil?
Global firms feel pinch; Chinese banks set to enter?
LatAm bond markets: HSBC – building from debt
Private banking CIO outlook 2015: HSBC Private Bank
Thomas Moore, CIO and head of private investment group Americas at HSBC Private Bank, talks about how oil prices and volatility are concerns for the year ahead.
HSBC shrugs off $550 million FHFA settlement
Latin American capital markets: Competition for HSBC as it builds in equities
Itaú strengthens position outside Brazil; equity lull a good time for hiring, says HSBC.