Fri, November 29, 2024
[ Fri, Nov 29th 2024 ]: Bill Williamson
CreditAccess Grameen raises approx Rs 390 crore in co-financing from DEG and Citi
[ Fri, Nov 29th 2024 ]: Bill Williamson
EPFO's Central Board of Trustees to meet on Novem .. veral investment related decisions to be taken up
[ Fri, Nov 29th 2024 ]: Bill Williamson
ERP vs CRM: Understanding the Key Differences
[ Fri, Nov 29th 2024 ]: Bill Williamson
I put my dreams on hold for a stable career in fi .. 6-figure salary to move to Hawaii and start over.
[ Fri, Nov 29th 2024 ]: Bill Williamson
Zenith Bank Expands Global Footprints With Paris Branch Launch
[ Fri, Nov 29th 2024 ]: Bill Williamson
CreditAccess Grameen enters into co-financing arrangement with DEG and Citi
[ Fri, Nov 29th 2024 ]: Bill Williamson
ESAF Small Finance Bank facing significant asset quality stress, mainly in Tamil Nadu and Kerala
[ Fri, Nov 29th 2024 ]: Bill Williamson
Lombard Odier indicted in Switzerland over money laundering
[ Fri, Nov 29th 2024 ]: Bill Williamson
Dos and don'ts of borrowing from lending apps: Tips for safe and smart borrowing
[ Fri, Nov 29th 2024 ]: Bill Williamson
Finance adviser calls for inclusive public financial management reform
[ Fri, Nov 29th 2024 ]: Bill Williamson
Traffic management firm secures asset finance backing to fuel growth
[ Fri, Nov 29th 2024 ]: Bill Williamson
Nisus Finance Services SME IPO: Issue opens on December 4; check key details
[ Fri, Nov 29th 2024 ]: Bill Williamson
BoE finds potential vulnerabilities in financial market plumbing
[ Fri, Nov 29th 2024 ]: Bill Williamson
Why Trump could be good for South Africa
[ Fri, Nov 29th 2024 ]: Bill Williamson
Bank of England finds some vulnerabilities in probe of central counterparties
[ Fri, Nov 29th 2024 ]: Bill Williamson
RIL gains 2% as US based arm picks 21% stake in Wavetech Helium
[ Fri, Nov 29th 2024 ]: Bill Williamson
UBA to begin full banking operations in France
[ Fri, Nov 29th 2024 ]: Bill Williamson
The films, shows, and books Wall Streeters think best illustrate their work lives
[ Fri, Nov 29th 2024 ]: Bill Williamson
IIFL Finance to raise upto Rs 500 cr via NCDs
[ Fri, Nov 29th 2024 ]: Bill Williamson
Istanbul Metropolitan Municipality to hold investor meets in UAE and Doha
[ Fri, Nov 29th 2024 ]: Bill Williamson
Players and powerhouses shaping Africa's VC landscape
[ Fri, Nov 29th 2024 ]: Bill Williamson
Otley Girlguiding unit receives grant from Skipton firm
[ Fri, Nov 29th 2024 ]: Bill Williamson
Exclusive: HSBC pulling back from China credit ca .. business after struggling to expand, sources say
[ Fri, Nov 29th 2024 ]: Bill Williamson
Reliance subsidiary acquires 21% stake in US helium gas exploration, production company
Thu, November 28, 2024
[ Thu, Nov 28th 2024 ]: Bill Williamson
Veranda Learning, NSDC and IAB to launch the Cert .. national Accounting Professional Program in India
[ Thu, Nov 28th 2024 ]: Bill Williamson
Low credit ratings cause high borrowing costs, liquidity challenges in Africa
[ Thu, Nov 28th 2024 ]: Bill Williamson
UK Regulator Tempers 'Name and Shame' Proposals After Backlash
[ Thu, Nov 28th 2024 ]: Bill Williamson
How South African SMEs can unlock innovation and cut costs by 25% with cloud computing
[ Thu, Nov 28th 2024 ]: Bill Williamson
Hong Kong to offer crypto tax exemption for hedge funds and family offices
[ Thu, Nov 28th 2024 ]: Bill Williamson
Received 28 proposals from 23 states for new city development: Govt
[ Thu, Nov 28th 2024 ]: Bill Williamson
Andhra FM On Adani Deal: We Have To Consider The Legal And Financial Consequences
[ Thu, Nov 28th 2024 ]: Bill Williamson
Nasscom signs MoU with DIFC to strengthen fintech and innovation collaboration
[ Thu, Nov 28th 2024 ]: Bill Williamson
US Interest Rate Forecast for the Next 5 Years: Analyst Views
[ Thu, Nov 28th 2024 ]: Bill Williamson
Musk Calls for Abolishing Consumer Agency GOP Has Long Targeted
[ Thu, Nov 28th 2024 ]: Bill Williamson
Frequent Fliers Are Rethinking Loyalty Programs and Setting Themselves Free
[ Thu, Nov 28th 2024 ]: Bill Williamson
AU Small Finance Bank enters into bancassurance partnership with Bharti AXA Life Insurance
[ Thu, Nov 28th 2024 ]: Bill Williamson
1,500 Kerala govt staff found drawing pensions meant for the poor and old
[ Thu, Nov 28th 2024 ]: Bill Williamson
Finance App Benchmarks (2024)
[ Thu, Nov 28th 2024 ]: Bill Williamson
UK budget shows government doesn't understand business, says retail veteran
[ Thu, Nov 28th 2024 ]: Bill Williamson
AU Small Finance Bank join hands with Bharti AXA Life Insurance
[ Thu, Nov 28th 2024 ]: Bill Williamson
True cost of Rachel Reeves' farmer tax laid bare - and exact number of businesses impacted
[ Thu, Nov 28th 2024 ]: Bill Williamson
The travel bug is mutating: Event-driven gig journeys are the new thing
[ Thu, Nov 28th 2024 ]: Bill Williamson
Best Day Trading Courses of 2024: Guide for Active Traders
[ Thu, Nov 28th 2024 ]: Bill Williamson
Single table to know home loan rates and terms of various companies
[ Thu, Nov 28th 2024 ]: Bill Williamson
GST, 45-day payment, credit, EoDB, more: Assocham .. OW study suggests changes to overhaul MSME sector
[ Thu, Nov 28th 2024 ]: Bill Williamson
Magnati partners with Aafaq Islamic Finance to support SMEs with embedded financial solutions
[ Thu, Nov 28th 2024 ]: Bill Williamson
Best Investing Books of 2024: Guide to Trading
[ Thu, Nov 28th 2024 ]: Bill Williamson
Mexico warns Trump tariffs would kill 400,000 US jobs, threatens retaliation

Exclusive: HSBC pulling back from China credit card business after struggling to expand, sources say

HSBC is scaling back its credit card business in China due to challenges in expanding its market share, according to sources familiar with the matter. The bank has been unable to significantly grow its credit card customer base in the country, leading to a strategic retreat from this segment. This decision comes amidst a broader context of foreign banks facing difficulties in penetrating the Chinese market, which is dominated by local financial institutions. HSBC's move reflects a reassessment of its business priorities in China, focusing on areas where it can achieve more sustainable growth.

Read the Full Reuters Article at [ https://www.reuters.com/business/finance/hsbc-pulling-back-china-credit-card-business-after-struggling-expand-sources-say-2024-11-29/ ]