HSBC's $1.1B Madoff Fraud Provision Hits Shares
Global banking giant HSBC sets aside massive $1.1 billion provision for potential losses linked to Bernie Madoff's infamous Ponzi scheme, causing stock market jitters.
Category : Search result: HSBC
India's Private Sector Growth Cools in June: HSBC PMI
India's private sector activity expanded at a slower pace in June 2024, with HSBC Flash PMI falling to 60.3 from May's stellar 61.7. While manufacturing remains robust, services sector growth shows signs of cooling amid rising input costs.
Gold to Hit $5000/oz by 2026: HSBC Forecast
HSBC forecasts gold hitting $5000 per ounce in early 2026 as safe-haven demand surges. The bank raises 2025 average price target to $3455 amid global economic uncertainty. Discover what's driving the gold rally and how investors can benefit.
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