Beijing will allow Hong Kong and Macau-domiciled banks to launch a range of services on the mainland including credit cards ... Chartered Bank, Bank of East Asia, Hang Seng Bank and others would ...

Hong Kong regulators have imposed a HK$66.4 million fine on Hang Seng Bank for misconduct related to how it sold investment products between 2014 and 2023. The Securities and Futures Commission ...

Hang Seng Bank (HSNGY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy). Hang Seng Bank today is pleased to report its ...

HONG KONG, Feb. 19, 2025 /PRNewswire/ -- Hang Seng Bank today is pleased to report its strong full-year financial results for 2024, showing sustained growth momentum. The Bank saw a notable 26% ...

Hang Seng Bank reported mixed results for 2024, with net profit increasing despite lower net interest income, and said its chairwoman will retire this year. The Hong Kong-based lender said ...

However, since 2022, Hang Seng Bank's profits have been hit by credit costs in a way that didn't happen in the financial crises 25 and 15 years ago. The costs in 2022 and 2023 were related to ...

Hang Seng Bank saw its shares drop 4% in Hong Kong on ... we expect only a moderate impact on credit costs from the rising nonperforming loans. We project 50 basis points of loans in 2025, above ...