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12.08.26 - 13:54
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HSBC reshuffles insurance division after CEO′s surprise departure: internal memo (SCMP)
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HSBC, the biggest lender in Hong Kong and Europe, has launched a major reshuffle of its insurance unit, with two senior executives appointed to replace outgoing global insurance CEO Edward Moncreiffe, according to an internal company memo seen by the South China Morning Post.
Daisy Tsang, CEO of HSBC Life Hong Kong, and Kai Zhang, Asia head of international wealth and premier banking, have been named co-CEOs of insurance, effective immediately, the document stated.
The pair will continue to......
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12.08.26 - 11:36
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Hanwha Life Insurance Earnings Up In Q2 (AFX)
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SEOUL (dpa-AFX) - Hanwha Life Insurance Co., Ltd. (088350.KS), on Wednesday reported higher net income in the second quarter compared with the previous year. For the second quarter, net income att......
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11.08.26 - 02:06
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China′s banks look to unload more than US$8.2b in bad credit-card loans (SCMP)
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China's commercial banks have stepped up efforts to dispose of non-performing credit-card loans, putting billions of yuan in troubled consumer debt up for sale as lenders seek to clean up balance sheets amid rising bad loans and shrinking interest margins.
About 130 notices seeking buyers for bulk transfers of non-performing credit-card loans have been disclosed on the Banking Credit Asset Registration and Circulation Centre so far this year, involving more than 55 billion yuan (US$8.2......
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