Hang Seng Bank, one of the biggest banks in Hong Kong, on Thursday received a proposal from its parent HSBC to take it private. The bank's impairments tied to the city's property sector, which is ...

HSBC CEO Georges Elhedery discusses plans to take Hang Seng Bank private, and the impact its property loan book will have on HSBC's exposure to the continued slump in the market.

HSBC’s takeover of Hang Seng Bank has been 60 years in the making. Chief executive Georges Elhedery wasn’t even born when the ...

Hang Seng Bank has a track record of solid profitably and stability. It emerged unscathed from the Asian financial crisis 25 years ago, and from the global financial crisis. Before the pandemic, it ...

Hang Seng Indexes Company and Cyberport are delighted to announce the successful adoption of the first Generative AI ('Gen-AI ...

HSBC’s long and occasionally complicated relationship with its Hong Kong offspring has taken a decisive turn. HSBC Asia Pacific, a subsidiary of the London-listed parent, has proposed to privatise ...

Hang Seng Bank saw its shares drop 4% in Hong Kong on Feb. 19 after reporting an annualized return on equity of 10.0% for the second half of 2024 and declaring a year-end dividend of HKD 3.2 per share ...

(Bloomberg) -- HSBC Holdings Plc proposed taking its troubled Hong Kong subsidiary Hang Seng Bank Ltd. private in a deal representing a major bet on the Chinese financial hub. The British lender’s ...

HONG KONG/SHANGHAI, Feb 16 (Reuters) - HSBC HSBA.L plans to tighten risk management at Hong Kong unit Hang Seng Bank 0011.HK due to worries about a potential rise in bad loans amid growing economic ...

Hang Seng Bank has appointed Hong Kong-based Somerley Capital as a financial adviser to its committee evaluating HSBC Holdings' proposal to buy out the bank's minority shares. Somerley would provide ...

Agreement’s annual review framework ‘provides better visibility for the capital markets,’ Bank of America Securities says.

The rally that lifted Hong Kong stocks to a three-week high took a respite on Tuesday, as investors awaited the high-stakes ...