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Top related persons:
Peter Nicholls - 1 StanChart - 1 China Bohai - 1 Andy Halford - 1 Jefferies - 1 Joe Dickerson - 1 Dickerson - 1 Selena Li - 1
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Chartered - 1 REUTERS - 1 Bank - 1 Bohai - 1 China Bohai Bank - 1 HK - 1 Abu Dhabi Bank - 1 Thomson - 1

Search resuls for: "Lawrence White Selena Li"


2 mentions found


☆ StanChart shares plummet on almost $1 billion hit from China exposure
  + stars: | 2023-10-26 | by ( Lawrence White Selena Li | Lawrence White | Selena Li | ) www.reuters.com   time to read: +4 min
The U.K.-headquartered bank, which earns most of its revenue in Asia, booked July-September statutory pretax profit of $633 million. That compared with $996 million a year earlier and the $1.41 billion average of 16 analyst estimates compiled by the bank. China Bohai booked a 17.8% fall in January-June net interest income, leading to a nearly 7% decline in its overall profit, according to company filings. StanChart's Chinese real estate exposure totalled $2.7 billion, down $200 million from the previous quarter. StanChart has recently had "no contact" with FAB, Chief Financial Officer Andy Halford told reporters on a conference call on Thursday.
Persons: Peter Nicholls, StanChart, China Bohai, Andy Halford, Jefferies, Joe Dickerson, Dickerson, Selena Li, Lawrence White, Christopher Cushing Organizations: Chartered, REUTERS, Bank, Bohai, China Bohai Bank, HK, Abu Dhabi Bank, Thomson Locations: London, Britain, Bohai Bank, China, HONG KONG, China Bohai, Russia, Ukraine, Asia, Tianjin, StanChart
☆ HSBC management blasted by top investor Ping An
  + stars: | 2023-04-18 | by ( Sinead Cruise Lawrence White Selena Li | Sinead Cruise | Lawrence White | ) www.reuters.com   time to read: +3 min
HSBC should separate its Asia business into a Hong Kong-listed entity, top shareholder Ping An said in an update to proposals it began to push for last November. Glass Lewis said the strategic review proposal, filed by individual shareholder Ken Lui in Hong Kong and backed by Ping An, was "not in shareholders' interest". HSBC also denied a claim by Ping An that the bank had "refused to verbally engage in discussions on the proposals". The lender has had extensive discussions with Ping An on these topics, a spokesperson for HSBC said. London listed shares in HSBC were down 0.5% on Tuesday afternoon, against a broad-based 1.3% rally in the STOXX European banks index (.SX7P).
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