Hong Kong Informer

HSBC said on Wednesday that the bank would target an additional US$ 2 billion to US$ 3 billion (HK$ 15.5 billion to HK$ 23.3 billion) in cost savings between next year and 2016, as the bank axes jobs and sells noncore businesses with less than a year left in the first phase of its restructuring [...]

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LONDON (AP) — HSBC PLC, Europe’s biggest bank by market value, saw its profits more than double in the first quarter as it booked fewer bad loans than in the same period last year and reaped the benefits of recent restructuring measures. The bank, which has a big presence in many parts of the world [...]

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New Zealand are favourites to win the Hong Kong Sevens this weekend but in a season which has proved unpredictable there's plenty of room for an upset. Each of the previous five rounds of the HSBC World Sevens Series has been won by a different team, leaving the field wide open for Hong Kong – [...]

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Li Ka-shing , declined 2.9 percent to HK$ 113.40. The Hang Seng Property Index, which tracks nine of the biggest builders listed in the city, fell as much as 3.5 percent, the most since Oct. 29. … Full News here – Hong Kong News latest RSS headlines – Hong Kong News.net

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British bank HSBC has agreed to pay US$ 249 million to the Federal Reserve to compensate the United States for its part in the massive mortgage and foreclosure scandal. US officials have confirmed … Full News here – Hong Kong News latest RSS headlines – Hong Kong News.net

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Hong Kong stocks rise; HSBC up, Esprit slides HONG KONG (MarketWatch) — Hong Kong stocks posted modest gains early Wednesday, tracking higher a positive lead from U.S. and other regional markets amid optimism over the fiscal cliff negotiations. The Hang Seng Index (HSI:HK:HSI) rose 0.4% to … Full News here – Read more on MarketWatch

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HSBC first to cut MPF charge People walk in front of a branch of HSBC Holdings Plc in Hong Kong. HSBC became the first to slash the MPF management fees after the Employee Choice Arrangement (ECA) took effect in November, a move that may lower the whole industry's charge. Full News here – Read more [...]

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LONDON (AP) — HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $ 1.9 billion to settle a U.S. money-laundering probe. Europe’s largest bank by market value will pay the biggest penalty ever imposed on a bank after facing accusations [...]

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Hong Kong shares edge up; Tencent gains, HSBC weak HONG KONG Nov 12 (Reuters) – Hong Kong shares rose slightly on Monday after last week's slump, buoyed by gains in property developers and Tencent Holdings, although worries about the U.S. fiscal cliff kept trading activity muted. The Hang Seng index … Full News here – [...]

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Hong Kong shares to open down 0.2 pct, HSBC slides HONG KONG Nov 6 (Reuters) – Hong Kong shares were set to start lower on Tuesday, pulled down by a 2.3 percent fall in Hang Seng Index heavyweight HSBC Holdings after Europe's largest bank said a U.S. fine for violating anti-money laundering laws … Full [...]

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Occupy Hong Kong Holdouts Defy Order to Leave Despite Effort by HSBC HONG KONG — Occupy Wall Street and the movements it inspired in cities around the world last autumn have largely disappeared, brushed aside by battalions of police officers, but a handful of activists still cling to a site in the heart of Hong [...]

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A man looks at tents of protesters outside the HSBC headquarters in Hong Kong Tuesday, Aug. 14, 2012. HSBC won a legal motion on Monday to clear out anti-capitalist protesters from a public space … Full News here – Hong Kong News latest RSS headlines – Hong Kong News.net

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Occupy Hong Kong On HSBC Eviction Ruling: 'We Won't Leave' HONG KONG, Aug 13 (Reuters) – HSBC won a legal bid on Monday to have members of the Occupy Hong Kong movement evicted from the open-air plaza beneath the bank's Asian headquarters, bringing an end to one of the longest-running Occupy … Full News here [...]

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HSBC Wins Court Order Allowing Removal of Occupy Protesters HSBC Holdings Plc (5) won a Hong Kong court order for the removal of protesters who have spent almost 10 months under its Asian headquarters, one of the longest- running demonstrations sparked by the Occupy Wall Street movement. Protesters must … Full News here – Read [...]

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Occupy Central protesters say they will keep fighting to remain in a public walk-through area beneath HSBC’s headquarters in Central, no matter how a court rules on the bank’s request for an injunction. Full News here – Home/News/Hong Kong

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