HSBC private banking sees double-digit asset, revenue growth on Asia boost

HONG KONG (Reuters) – The private banking business of HSBC Holdings PLC is aggressively pursuing double-digit growth in client assets and revenue, riffing off a surge in Asian wealth, the unit’s chief executive told Reuters. FILE PHOTO: Anti-government demonstrators walk past a board with the logo of HSBC during a Continue Reading

Sustainable investors face squeeze as larger firms move in

COLORADO SPRINGS, Colo. (Reuters) – Specialized fund managers who pioneered green investing for decades are missing out on some of the spoils as the sector goes mainstream and large firms move in. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Continue Reading

‘Crown jewel’ Aramco stirs loyal Saudi demand for giant IPO

RIYADH (Reuters) – From taxi drivers to clerics, Saudis clamoring to own part of state oil giant Aramco went online and to local banks on Sunday at the start of a long-delayed share sale for what could be the world’s biggest initial public offering. Ahmed Sanad, 37, who signed up Continue Reading