Could your halal pension be funding Israelโs military?
HSBCโs โsharia-compliantโ fund invested over $100 million in companies linked to Israelโs military.
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HSBCโs โsharia-compliantโ fund invested over $100 million in companies linked to Israelโs military.
HSBC bought $130m in shares in firms tied to Israelโs military, in breach of Islamic law compliance requirements.
HSBC Holdings Plc started its search for a new chief executive officer of its asset management unit to replace Nicolas Moreau, according to people with knowledge of the matter.
Surendra Rosha, HSBC Asia & Middle East Co-Chief Executive, discusses growth opportunities in India including infrastructure buildout. (Source: Bloomberg)
HSBC will phase out fixed-pay allowances for its senior staff and instead hand out a greater proportion of its compensation in the form of bonuses, becoming the latest UK lender to switch to Wall Street-style remuneration to better align with performance. Bloomberg's finance reporter, Harry Wilson, reports on The Pulse. (Source: Bloomberg)
As Hong Kong and Singapore compete for leadership in businesses ranging from foreign exchange trading to wealth management, the battleground has extended to artificial intelligence, with both cities vying to attract investment from HSBC Holdings and other major corporations, according to industry players. The issue came into focus after the Hong Kong Monetary Authority (HKMA) questioned HSBC about its decision to set up an AI centre in Singapore, despite Hong Kong being its single largest...
HSBC on Wednesday named its stablecoin offering HSBC RedCoin, paving the way for Hong Kongโs biggest lender to make the coin available to the more than 3.3 million users of its PayMe app for money transfers, shopping and dining. When launched before the end of the year, the stablecoin would be offered only through PayMe and HSBCโs Hong Kong mobile banking app, HSBC said. The bank said it was optimistic about retail usage of HSBC RedCoin, as 74 per cent of respondents to a survey of more than...
HSBC Holdings Plc is aiming to challenge Indiaโs private-sector banks, betting that the countryโs swelling pool of affluent customers and globally connected citizens can fuel its next phase of growth as it pushes deeper into smaller cities.
โWe donโt think the dollar will knock it out of the park,โ says Daragh Maher, senior FX strategist at HSBC, as he discusses the โambiguous relationshipโ he sees between the US dollar and Treasury yields. He speaks on โBloomberg Surveillance.โ (Source: Bloomberg)