Banking News
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HSBC net profits tank
(23 February 2017 – United Kingdom) HSBC has reported an 82 percent drop in annual net profits, blaming one-off items including multibillion-dollar writedowns in Switzerland and Brazil.
Fintech lender receives A$25mn funding boost
(23 February 2017 – Australia) Online fintech lender, Prospa has raised A$25 million of new equity to support growth it has revealed.
Hang Seng net profits fall 41 percent
(22 February 2017 – Hong Kong) Hong Kong-based Hang Seng Bank reported financial results in line with market expectations.
Indian government, Visa and MasterCard launch QR code payments solution
(22 February 2017 – India) Indian consumers are now able to make QR code-based mobile payments using BharatQR, a “low cost, interoperable mobile acceptance solution” backed by the Indian government and developed by Mastercard, Visa and National Payments Corporation of India (NPCI). The service is supported by American Express and 14 national banks.
Senior changes at HSBC Australia
(22 February 2017 – Australia) HSBC has appointed a new chief of its Australian operations. The bank said Martin Tricaud will replace Tony Cripps, from 3 April 2017.
Ant Financial invests US$200m in Korean payments firm
(21 February 2017 – Asia) Alibaba’s finance arm, Ant Financial has revealed yet another deal. The firm will invest US$200 million (A$260 billion) into a fintech project belonging to Kakao, Korea’s dominant messaging service.