wealth management business – Charm

HSBC Group CEO Georges Elhedery. Photo: Edmond So

HSBC’s 2025 profit falls 7% but beats estimates despite property woes, Madoff lawsuits

3 hours ago03 mins

HSBC Holdings, the largest banking group in Europe and Hong Kong by assets, on Wednesday reported a 7 per cent decline in profit last year, as bad debt in commercial property and lawsuits related to the Bernard Madoff fraud case offset strong growth in its wealth business. Pre-tax profit in 2025 dropped to US$29.9 billion…

Standard Chartered’s first-quarter profit rises 13%, beats forecasts on wealth growth

Cs news10 months ago02 mins

Standard Chartered’s first-quarter profit beat expectations, as the bank placed a greater focus on wealth management in the face of lower interest rates and rising bad debt provisions. Net profit rose 13 per cent in the first three months of 2025 to US$1.59 billion, or 62.7 US cents per share, from US$1.4 billion last year,…