Business and financial news for : HSBC |
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A Victim's Tale -
portfolio-com
- 1 day ago
The victims of Bernard L. Madoff's fraud includes no small number of boldface names and institutional investors. There are Hollywood moguls Steven Spielberg and Jeffrey Katzenberg, financiers Fred Wilpon and Henry Kaufman, and actors Kevin Bacon and ...
Banco Santander - HSBC
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For HSBC, Questions of Vitality -
nytimes-com
- 14 days ago
As the bank faces a sharp slowdown in the emerging markets where it earns the bulk of its profit, many investors are questioning HSBC#x2019;s ability to maintain its exalted standing.
HSBC
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HSBC shares dip on capital raising talk: dealers -
reuters-com
- 21 days ago
LONDON (Reuters) - HSBC Holdings shares dipped over 3 percent on Tuesday as talk swirled it could have to raise up to $14 billion to rebuild capital, dealers said.
HSBC
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HSBC details exposure to Madoff -
marketwatch-com
- 21 days ago
Hong Kong-listed shares of HSBC Holdings trade modestly lower Tuesday after it emerges the bank ranks as one of the biggest victims of the funds fiasco linked to Bernard Madoff, the fund manager charged with securities ...
Bernard Madoff - HSBC
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HSBC has $1.5 billion exposure to Madoff :report -
marketwatch-com
- 22 days ago
HONG KONG (MarketWatch) -- HSBC Holdings emerged one of the largest victims of Bernaud Madoff's alleged fraud, with potential exposure of about $1.5 billion, the Financial Times reported Monday, citing people close to the situation. A spokesman ...
Banco Santander - BNP Paribas - HSBC
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HSBC joins victims of Madoff's alleged fraud -
ft-com
- 22 days ago
HSBC has emerged as one the largest victims of Bernard Madoff's alleged fraud with potential exposure of about $1bn (€747m) to the investment manager's collapsed venture, according to people close to the situation
HSBC
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Precision Drilling Trust Provides Update on Acquisition Credit Facilities -
marketwire-com
- 26 days ago
CALGARY, ALBERTA--(Marketwire - Dec. 11, 2008) - (US dollars)Precision Drilling Trust ("Precision") (TSX:PD.UN)(NYSE:PDS) today announced the expected principal terms of the credit facilities (the "Credit Facilities") with its banking syndicate, consisting ...
Deutsche Bank - HSBC - Precision Drilling Trust - Royal Bank of Canada
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HSBC Boosts Mortgage Funds -
wsj-com
- 29 days ago
HSBC Holdings plans to boost U.K. mortgage funding 20% in 2009.
HSBC
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HSBC buys back London headquarters -
marketwatch-com
- 32 days ago
LONDON (MarketWatch) -- HSBC said Friday that it's agreed to buy back its London headquarters from Metrovacesa for 838 million pounds ($1.23 billion). HSBC sold the building at 8 Canada Square to the property company in early 2007 ...
HSBC
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Credit Suisse cuts 650 jobs in UK -
reuters-com
- 35 days ago
Dec 2 - Swiss banker Credit Suisse and the UK's HSBC bank are axing hundreds of jobs in Britain.
HSBC
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European shares slide again, Tesco bucks lower trend -
marketwatch-com
- 35 days ago
LONDON (MarketWatch) -- European shares fell again on Tuesday, with mineral extractors taking another battering. Shares in Xstrata fell 8.2%. Banks were also under pressure, with HSBC Holdings down 2.1%. Still, supermarket group ...
HSBC - Tesco - Xstrata
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U.S. tax inquiry to include Credit Suisse, HSBC: N.Y. Times -
marketwatch-com
- 35 days ago
TEL AVIV (MarketWatch) -- Credit Suisse and HSBC have been added to an expanded U.S. Justice Department inquiry into foreign banks that sell private-banking services to Americans, people briefed on the matter told The New York Times|New ...
HSBC - New York Times - UBS
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View of the Day: Bolder central banks -
ft-com
- 36 days ago
Central banks need to consider more radical steps in taking credit risk onto their balance sheets, says Richard Cookson, global head of asset allocation at HSBC
HSBC
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Asia Markets: Hong Kong, Seoul rise for fourth straight session -
marketwatch-com
- 39 days ago
Most Asian markets advanced Friday, with Hong Kong and South Korean shares taking gains into a fourth straight session, paced by banks as investors snapped up beaten-down lenders such as Industrial Bank of Korea and HSBC Holdings.
HSBC
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Before the Bell: AIG, Deere & Co, Johnson & Johnson, HSBC in focus -
marketwatch-com
- 41 days ago
U.S. stock index futures were lower Wednesday, with shares set to snap a three-session winning streak, after a sharp drop in both durable goods orders and consumer spending.
AIG - Deere & Co - HSBC - Johnson & Johnson
Durable goods orders
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Hang Seng Index ends up 490.85 points as exporters, metals surge -
ibtimes-com
- 41 days ago
Hong Kong shares rose 3.8 percent on Wednesday, with HSBC and exporters rallying on the US Federal Reserve's latest rescue plan, while metal producers surged on news that BHP Billiton had scuppered its $66 billion bid on ...
BHP Billiton - HSBC
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Movers & Shakers: Wednesday's biggest gaining and declining stocks -
marketwatch-com
- 41 days ago
Stocks expected to move significantly in trading on Wednesday include AIG, Borders, HSBC, McCormick, NN, NRG and Rio Tinto.
AIG - HSBC - NN
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HSBC upgraded to buy from neutral at UBS -
marketwatch-com
- 41 days ago
LONDON (MarketWatch) -- UBS upgraded HSBC Holdings to buy from neutral, citing valuation. UBS said that lowered earnings forecasts due to lower deposit spreads, falling sales and higher impairments "invites discussion" ...
HSBC - UBS
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European shares fall as banks, oil producers drag -
marketwatch-com
- 41 days ago
LONDON (MarketWatch) -- European shares retreated on Wednesday, as banks and oil giants gave back some recent gains. Shares of lender HSBC Holdings fell 3%, while shares of oil producer Royal Dutch Shell dropped 3%. Overall, the U.K. FTSE ...
HSBC
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HSBC would not rule out buying Citi assets -
reuters-com
- 43 days ago
LONDON (Reuters) - The chairman of Europe's biggest bank HSBC Holdings said he would not rule out a move for some assets of U.S. bank Citigroup after the U.S. government stepped in to rescue the lender.
Citigroup - HSBC
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HSBC Said To Be Eyeing Citi Emerging Market Assets -
forbes-com
- 43 days ago
The U.K. bank is reportedly interested in its troubled counterpart's Asian and Latin America business; its CEO will not rule out raising more capital.
HSBC
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Asian markets rebound strongly -
cnnmoney-com
- 46 days ago
Most Asian markets rebounded strongly in afternoon trading Friday, with financials such as Mizuho Financial Group and HSBC Holdings leading the bounce after a string of recent declines.
HSBC
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Asian Banks Now Affected by World Financial Crisis -
nytimes-com
- 49 days ago
HSBC announced that it would cut 500 jobs in Asia. And Citigroup#x2019;s roughly 50,000 employees in the were faced with the reality that some of job cuts announced Monday could hit them.
HSBC
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HSBC Trims Eastern Staff -
forbes-com
- 50 days ago
Cuts are a fraction of Citi's but surprisingly all in Asia.
HSBC
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Movers & Shakers: Monday's biggest gaining and declining stocks -
marketwatch-com
- 57 days ago
Stocks expected to move significantly in trading on Monday include AIG, Centennial Communications, Benjamin Franklin Bancorp, Coke Enterprises, HSBC, Isis Pharma, Nortel, NRG, SunPower ...
AIG - Benjamin Franklin Bancorp - HSBC - SunPower
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HSBC pretax profit rises after reclassifying assets -
marketwatch-com
- 57 days ago
LONDON (MarketWatch) -- HSBC Holdings said Monday that its third-quarter pretax profit was ahead of the equivalent period a year earlier after the group reported a $3.4 billion gain on the changing value of its own debt and re-classified $13 ...
HSBC
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HSBC to buy Indonesia bank for $607.5 million -
marketwatch-com
- 78 days ago
LONDON (MarketWatch) -- HSBC Holdings said it's buying 89% of Indonesia's Bank Ekonomi for $607.5 million in cash in a deal that will almost double its network in the country to over 190 outlets. Bank Ekonomi had a market cap of $482 million ...
HSBC
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HSBC seeks to buy back London tower -
ft-com
- 81 days ago
HSBC is in talks to buy back its UK headquarters in Canary Wharf for up to £300m less than the price it sold the tower to Spanish property company Metrovacesa only a year ago
HSBC
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Northwest Pipe Announces Credit Agreement -
marketwire-com
- 82 days ago
VANCOUVER, WA--(Marketwire - October 15, 2008) - Northwest Pipe Company (NASDAQ: NWPX)announced today that it has entered into an Amended & Restated CreditAgreement with a syndicate of lenders led by Bank of America and includingUnion ...
Bank of America - HSBC
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Britain's Bailout: The Winners And Losers -
forbes-com
- 85 days ago
Barclays and HSBC should benefit from the freedom their partly nationalized peers, RBS, Lloyds and HBOS, won't have.
Barclays - HSBC
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Main European share indexes fall at least 9% -
marketwatch-com
- 88 days ago
LONDON (MarketWatch) -- European indexes slumped on Friday morning, with the main European indexes down more than 9% each. The losses capped a week of turmoil in equity markets when policymakers and central banks battled to offset worries about the health ...
Commerzbank - HSBC
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Hang Seng Index tumbles more than 8% in early trading -
marketwatch-com
- 88 days ago
HONG KONG (MarketWatch) -- Hong Kong stocks tumbled in early trading Friday as investors rushed to dump shares after deep losses on Wall Street overnight. The Hang Seng Index lost 8.3% to 14,523.54, while the Hang Seng China Enterprises Index shed 10% ...
China Mobile - HSBC
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HSBC cuts prime rate to 4.5 percent -
ibtimes-com
- 89 days ago
HSBC Bank USA N.A. said Thursday it lowered its prime lending rate to 4.5 percent from 5 percent. The cut in the prime rate matches the 0.5 percent rate cut the Federal Reserve Board announced Wednesday. The prime rate ...
HSBC
Federal Reserve
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European shares fall after U.K. government bank rescue plan -
marketwatch-com
- 90 days ago
LONDON (MarketWatch) -- European shares fell on Wednesday with investors eying a plan from the U.K. government to provide as much as 50 billion pounds of capital to British banks. U.K. banks were mixed, with HSBC Holdings reversing Tuesday's ...
HSBC
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''World's Local Bank'' HSBC Deploys Nortel Unified Communications Solution -
marketwire-com
- 96 days ago
Nortel Agile Communication Environment Extends Global Communications Integration and Collaboration at London HQ
HSBC
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HSBC downgraded to market perform at Keefe, Bruyette & Woods -
marketwatch-com
- 96 days ago
LONDON (MarketWatch) -- HSBC was downgraded to market perform from outperform at Keefe, Bruyette & Woods, which cited risks to the bank's strong capital position and a marked outperformance in share price compared to European peers. KBW ...
HSBC - KBW
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HSBC increases stake in India IL&FS to 93.86% -
marketwatch-com
- 98 days ago
HONG KONG (MarketWatch) -- HSBC Asia-Pacific said Tuesday it has increased its stake in IL&FS Investsmart to 93.86%, following a mandatory open offer it made for public shareholding in the Indian retail brokerage. HSBC said it has ...
HSBC
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Hang Seng Index tumbles 4.3% on property shares, Ping An -
marketwatch-com
- 99 days ago
HONG KONG (MarketWatch) -- Hong Kong stocks stumbled Monday on deep losses in property sector shares after HSBC raised mortgage rates on new loans by a half-point because of rising funding costs. The Hang Seng Index fell 4.3% to 17,880.68 ...
HSBC
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Banking giant HSBC to cut 1,100 jobs worldwide -
usatoday-com
- 102 days ago
Banking giant HSBC Holdings PLC is cutting 1,100 jobs worldwide in the wake of the financial turmoil, a spokesman said Friday.
HSBC
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HSBC not in talks with UBS: source -
reuters-com
- 103 days ago
LONDON (Reuters) - Europe's biggest bank HSBC Holdings is not in talks with Swiss rival UBS AG about a deal, a person familiar with the situation said.
HSBC - UBS
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London Markets: Daily Mail & General shares drop; FTSE 100 flat -
marketwatch-com
- 103 days ago
FTSE 100 index flat; Lloyds TSB, HSBC Holdings lower
HSBC
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Ford, McGraw-Hill in latest batch to short-sale ban -
marketwatch-com
- 105 days ago
LONDON (MarketWatch) -- Ford Motor Co. , McGraw-Hill and HSBC Holdings were among a fresh batch of firms added by the New York Stock Exchange to the prohibited short-sale rule, which is due to run through Oct. 2. Market Pulse ...
Ford Motor - HSBC
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Royal Bank of Scotland upgrades UBS, HSBC -
marketwatch-com
- 106 days ago
LONDON (MarketWatch) -- Royal Bank of Scotland upgraded UBS to buy from hold and HSBC to hold from sell, citing the U.S. proposal to buy up real estate assets from banks. RBS said it expects UBS to still face a tough second ...
HSBC - UBS
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FSA lists stocks in which short selling is barred -
marketwatch-com
- 109 days ago
LONDON (MarketWatch) -- The U.K. Financial Services Authority on Friday published a list of 29 banks and insurance firms in which short-selling has been banned until early next year. The list includes HBOS , Barclays , HSBC ...
Barclays - HSBC
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HSBC says pulls out of $6.3 billion KEB deal -
reuters-com
- 109 days ago
SEOUL (Reuters) - HSBC Holdings said on Friday it had dropped its offer to buy a 51 percent stake in South Korea's Korea Exchange Bank from U.S. private equity firm Lone Star
HSBC
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HSBC cited as possible Morgan Stanley suitor: report -
reuters-com
- 110 days ago
SINGAPORE (Reuters) - London-based bank HSBC has been cited as a possible buyer of U.S. investment bank Morgan Stanley , broadcaster CNBC reported.
HSBC - Morgan Stanley
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Regulators reach out for WaMu buyer: NY Post -
marketwatch-com
- 111 days ago
BOSTON (MarketWatch) -- Federal regulators have recently reached out to several banks to gauge their interest in buying struggling Washington Mutual Inc. , the New York Post reported Wednesday. Federal banking regulators have ...
HSBC - Washington Mutual - Wells Fargo & Co
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Disappointing Retail Sales Help Euro Rebound Against the US Dollar -
fxstreet-com
- 116 days ago
Retail sales dropped by 0.3%, the second straight month of declines in a row, confirming that the consumer is feeling the pinch of the tighter economy. Excluding autos, the drop was closer to 0.7% This comes against news of Lehman ...
Bank of America - HSBC - Lehman Brothers - Washington Mutual
Retail Sales
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Western banks get approval to open in Vietnam -
ft-com
- 119 days ago
HSBC and Standard Chartered have won approval to be the first foreign banks to open wholly-owned units in the country, as the communist-run state opens up further to foreign investment
HSBC
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Google and HSBC back African Internet project -
reuters-com
- 119 days ago
LONDON (Reuters) - Internet firm Google and Europe's biggest bank HSBC have thrown their weight behind an ambitious plan to provide cheap, high-speed Web access to 3 billion people in Africa and other emerging markets.
Google - HSBC
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European shares surge on Fannie Mae, Freddie Mac rescue plan -
marketwatch-com
- 120 days ago
LONDON (MarketWatch) -- European shares shot higher on Monday morning, with miners, oil companies and financials gaining sharply as investors took on board plans from the U.S. government to rescue mortgage giants Fannie Mae and Freddie ...
Fannie Mae - Freddie Mac - HSBC - UBS
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Corrections: HSBC, China bank said to be latest Lehman suitors -
marketwatch-com
- 125 days ago
On Sept. 3, a MarketWatch report misspelled the names of two Korean financial companies. Korea Development Bank is holding talks to buy a stake in Lehman Brothers, while Korea Investment Corp. was one ...
HSBC - Korea Development Bank - Lehman Brothers - Merrill Lynch
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KDB made Lehman offer; HSBC may trump Koreans: report -
reuters-com
- 125 days ago
SEOUL (Reuters) - State-controlled Korea Development Bank (KDB) proposed buying 25 percent of Lehman Brothers for up to $5.3 billion, a newspaper reported, but other Korean banks rumored to be joining ...
HSBC - Korea Development Bank - Lehman Brothers
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HSBC, China bank also interested in Lehman: report -
reuters-com
- 125 days ago
SEOUL (Reuters) - Europe's biggest bank HSBC Holdings and an unidentified Chinese bank are among potential buyers of Lehman Brothers, South Korea's Chosun Ilbo newspaper reported on Wednesday, citing a financial industry ...
HSBC - Lehman Brothers
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HSBC says super-rich clients moving into cash -
reuters-com
- 127 days ago
GENEVA (Reuters) - Many of the world's wealthiest people have moved their money out of stocks and bonds and into cash, the head of HSBC's Swiss private banking unit said on Monday.
HSBC
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