UNITED KINGDOM: According to reports, the UK division of the defunct Silicon Valley Bank (SVB) gave out millions of pounds in bonuses just days after...
Due to the covid-19 crisis, HSBC reported a 34% drop in profits last year, owing to which it has signalled an investment pivot in Asia.
HSBC’s shift of focus towards Asia has not been a smooth-sailing, for instance, the big bank came under fire for an endorsement of a controversial national security law that China has imposed on Hong Kong.
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