Tag Archive | "HSBC"

HSBC retail revamp key to end drag of redress on profits

HSBC retail revamp key to end drag of redress on profits "My personal view is that we are through the worst of this, but it would be a very brave man to say it is finished," he said in his office at HSBC's iconic Hong Kong headquarters last week. While "this" is broadly about compensation […]

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HSBC apologises after guards block photographer Jacky Poon’s path

HSBC has been blasted by the Press Photographers Association after a local journalist was allegedly manhandled by security guards as he walked through the plaza underneath the bank’s Central headquarters. Full News here – Hong Kong feed

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Hong Kongers Irate Over HSBC Job Cuts

There is little sympathy for bankers who lose their jobs these days—except when the losses come at HSBC Holdings PLC and are taking place in Hong Kong, the bank’s historic home. Full News here – Exchange

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Deng Xiaoping urged London to persuade HSBC to stay in Hong Kong

Chinese leader Deng Xiaoping urged the British government three decades ago to persuade the Hong Kong and Shanghai Bank not to relocate from Hong Kong in order to maintain investor confidence in the city. Full News here – Hong Kong feed

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Hong Kongers Irate Over HSBC Job Cuts

There is little sympathy for bankers who lose their jobs these days—except when the losses come at HSBC Holdings PLC and are taking place in Hong Kong, the bank’s historic home. Full News here – Exchange

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Hong Kong shares close down 1.3 pct, HSBC dives on earnings

Hong Kong shares close down 1.3 pct, HSBC dives on earnings The China Enterprises Index of the leading Chinese listings in Hong Kong shed 0.8 percent. Tuesday's losses knocked shares of HSBC off Monday's 11-week closing high after they soared 13 percent from a June 24 low. After the Hong Kong market closed … Full News […]

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Hong Kong shares sink as HSBC slumps after earnings, China slips

Hong Kong shares sink as HSBC slumps after earnings, China slips HONG KONG, Aug 6 (Reuters) – Hong Kong shares sank on Tuesday, pulled down by a 4.7 percent tumble for index heavyweight HSBC Holdings after its first half earnings disappointed investors. At midday, the Hang Seng Index declined 1.6 percent to … Full News here […]

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HSBC defends Lions decision to play in Hong Kong

British and Irish Lions sponsor HSBC on Friday defended the decision to kick-off the tour to Australia in Hong Kong, and denied having any influence in a fixture that has been dogged by criticism. World Cup-winning England coach Clive Woodward was the latest to wade in with a scathing newspaper column in Britain in which […]

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HSBC targets additional US$2-3b cost savings by 2016

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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Lower bad loans give HSBC a big Q1 profit boost

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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Preview HSBC Sevens Hong Kong

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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Builders Decline as HSBC Lifts Mortgage Rates Hong Kong Mover

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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Mortgage abuse claims fall on HSBC

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 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

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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