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Foreign financial firms to expand campus recruitment in China

Foreign-funded financial enterprises are planning to hire more fresh graduates and interns to suppor ....

United Kingdom , Mark Wang , Shanghai University , Credit Suisse , Standard Chartered Bank China , Talent Program , Zhang China , Graduate Talent Program , Suisse Securities , Peking University , Standard Chartered Bank , Chartered China , Foreign Policy , Hsbc Bank China , The Hongkong And Shanghai Banking Corporation , Mainland China , Coronavirus Disease 2019 , Ocbc Wing Hang China ,

HSBC lowers ambitions on dividends, returns after Covid-led profit fall

HSBC Holdings PLC on Tuesday abandoned its long-term profitability target, and unveiled a revised strategy focussed mainly on wealth management in Asia and the Middle East after posting a sharp drop in annual profit.
Citing the low interest rate environment and tough market conditions, HSBC abandoned its long-term profitability goal of achieving a return on tangible equity of 10 to 12%, and said instead it will target 10% over the medium term.
The bank said it would pay a dividend of $0.15 a share in cash, the first payout announced since October 2019, after the Bank of England blocked all big lenders from paying dividends or buying back shares in 2020 to conserve capital. ....

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