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Allianz to acquire HSBC’s Singapore insurer in $2.1 billion deal

Allianz to acquire HSBC’s Singapore insurer in $2.1 billion deal

by AIP Online Bureau | Jul 24, 2026 | Banking & Bancassurance, Eco/Invest/Demography, International News, Life

“Singapore serves as our Asia-Pacific headquarters and is central to our global growth strategy,” Baete said in the firm’s release on Friday. Singapore “is a nation that cares deeply about the well-being of its people.” Allianz SE agreed to buy HSBC Holdings Plc’s...
Women financially active but lack tailored advice, reveals HSBC report

Women financially active but lack tailored advice, reveals HSBC report

by AIP Online Bureau | Apr 17, 2026 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The report explains that financial fluency goes beyond basic education and requires adaptable planning aligned with different life stages. It noted that static financial advice often fails to address dynamic needs such as career changes, caregiving responsibilities,...
Citi, StanChart evacuate Dubai offices, HSBC closes Qatar branches as fears grow

Citi, StanChart evacuate Dubai offices, HSBC closes Qatar branches as fears grow

by AIP Online Bureau | Mar 11, 2026 | Banking & Bancassurance, Eco/Invest/Demography, International News, Risk Management, Workplace/Employee Benefits

The moves came after a spokesperson for Tehran’s Khatam al-Anbiya military command headquarters said on Wednesday that Iran will target economic and banking interests linked to the U.S. and Israel in the region, after an attack on an Iranian bank. DUBAI/LONDON:...
HSBC to take $1.1 billion hit after Luxembourg court ruling in Madoff case

HSBC to take $1.1 billion hit after Luxembourg court ruling in Madoff case

by AIP Online Bureau | Oct 27, 2025 | Banking & Bancassurance, Eco/Invest/Demography, International News

Madoff’s fraud was estimated as much as $64.8 billion, making it the biggest-ever Ponzi scheme, a kind of fraud whereby old investors are paid off with funds from newer ones while the organizer siphons off some of the money for themselves HSBC Holdings said on Monday...
EV manufacturers could lose edge if GST slashed on ICE vehicles: HSBC Report

EV manufacturers could lose edge if GST slashed on ICE vehicles: HSBC Report

by AIP Online Bureau | Aug 22, 2025 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Technology

HSBC outlines three possible scenarios. In the first, GST on small cars could be reduced from 28 per cent to 18 per cent, while larger cars may be moved to a new special rate of 40 per cent with the removal of the cess. This would lead to price cuts of around 8 per...
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