Bloomberg HSBC Holdings Plc is planning a big boost to its wealth management staff in China in a bid to lift its sagging profits, increasing its presence in the face of mounting political tensions between Beijing and Western governments. In conjunctions with its earnings release, which revealed first-half profit halved, the bank said it’s targeting to hire 2,000 to 3,000 ...

Bloomberg British lenders have offered a taste of how much the worst recession in centuries is going to cost. The bill’s already at $22.4 billion. Write-offs at the country’s six biggest banks so far this year roughly equal Barclays Plc’s current market value. “There’s likely more of that to come, and with low interest rates dragging on revenues, full year ...

Bloomberg HDFC Bank Ltd. named Sashidhar Jagdishan as its new chief executive officer, breaking almost three decades of continuity under his predecessor at a time when the coronavirus pandemic is roiling India’s financial sector. The Reserve Bank of India cleared Jagdishan’s appointment for a three-year term starting Oct. 27, HDFC Bank said in an exchange filing on Tuesday. He replaces ...