Standard Chartered bank delivered a sparkling first six months, raising profits before tax by 32 percent. Increasing costs were all but totally offset by an increase in income, driven mostly by Standard Chartered’s wholesale-banking business. It is a far cry from the 29 percent tumble in earnings reported Monday by rival HSBC. HSBC policy […]
First Brazil, now Peru and Columbia for HSBC. UK banking giant HSBC is targeting Colombia as the next step in its acquisition-driven expansion campaign in Latin America, HSBC South America CEO Youssef Nasr said. “Of the countries in South America, Colombia would be the next logical one. We are actually in the process of […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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