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 ...

Hang Seng Bank chief operating officer Vivien Chiu Wai-man has paid HK$40 million (US$5.14 million) for a 1,651 sq ft luxury flat in Happy Valley, joining a growing list of top business executives and ...

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 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 ...

On Thursday afternoon, hours after HSBC Holdings announced a plan to privatise subsidiary Hang Seng Bank, the local lender's headquarters in Central was crowded with customers queuing for services.

HSBC‘s (HKG: 0005) (NYSE:HSBC) (LSE: HSBA) Hong Kong shares dropped over 7% on Thursday, after the European lender announced plans to privatize its majority-owned local unit, Hang Seng Bank (HKG: 0011 ...

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 ...

HSBC has asked the board of Hang Seng Bank to put forward a privatization proposal to shareholders. Shares in Hang Seng Bank would be canceled in exchange for 155 Hong Kong dollars apiece. HSBC owns ...

Hang Seng Bank Ltd., a Hong Kong lender controlled by HSBC Holdings Plc, recorded a surge in credit impairment on commercial real estate as the city’s economic struggles are starting to spill over on ...

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 ...

The Hang Seng Index climbed 1 per cent to 26,964.26 as of 10.10am local time, heading for the highest close since October 3.

Most Asian stock markets slipped on Thursday as investors pulled out of heavyweight technology shares amid growing concerns ...