AUD/USD still headed for 0.81 by year-end despite RBA surprise today – HSBC

HSBC argues to look past the RBA surprise decision today The firm says that while it was a surprise that the RBA announced a QE extension today, it simply “mirrors similar commitments by other G-10 central banks, including the Fed, and should therefore not be a significant long-term driver of the currency”. Adding that they […]

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HSBC, StanChart criticised for backing Hong Kong security law

2/2 © Reuters. A logo of Standard Chartered is displayed at the financial Central district in Hong Kong 2/2 By Sumeet Chatterjee, Yanni Chow and Sinead Cruise HONG KONG/LONDON (Reuters) – Senior British politicians criticised HSBC (L:) and Standard Chartered (L:) on Thursday after the banks backed China’s national security law for Hong Kong, in […]

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HSBC Warns Credit Losses to Rise Despite BOE Virus Leeway

© Bloomberg. An aeroplane approaches city airport passing the offices of HSBC Holdings Plc in the Canary Wharf business, financial and shopping district in London, U.K., on Thursday, June 5, 2018. The owners of a Canary Wharf skyscraper leased to Citigroup Inc. are seeking to refinance the 661 million-pound ($ 882 million) loan used to […]

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