Latest HSBC Holdings PLC News

A Singapore oil magnate faces prison in a major fraud case over financing trade

Nov. 18, 2024 08:01 AM EST

KUALA LUMPUR, Malaysia (AP) — A Singapore oil magnate was sentenced Monday to 17.5 years in prison for fraud and forgery in a case that prosecutors said has tarnished the city-state's reputation as Asia’s leading oil trading hub. Lim Oon Kuin, 82, was convicted in May on two...

HSBC: Q3 Earnings Snapshot

Oct. 29, 2024 06:28 AM EDT

LONDON (AP) — LONDON (AP) — HSBC Holdings PLC (HSBC) on Tuesday reported net income of $6.13 billion in its third quarter. The London-based bank said it had earnings of $1.70 per share. The bank posted revenue of $36.62 billion in the period. Its revenue net of...