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Results 1 - 10 of 32 for hsbc restructuring

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  1. Business - China Business

    Fitch: China life insurance premium income growth limited

    Posted Dec 11th 2012, 12:00am by Kwong Man-ki

    ... sale was an individual case and part of HSBC's strategic restructuring. Terrence Wong, another Fitch director of insurance ratings, said foreign investors remained interested ... in a low-interest-rate environment. Life insurers' new premium income will continue to drop next year but at a slower pace, the report says. HSBC's recent sale of its stake in Ping An Insurance ...

    http://www.scmp.com/business/china-business/article/1102551/fitch-china-life-insurance-premium-income-growth-limited
  2. Esquire Group application resumes battle with HSBC

    Posted Jul 17th 2012, 12:00am

    ... Keith Wallis keith.wallis@scmp.com The Esquire Group is seeking a default judgment against HSBC for hundreds of millions of dollars following the collapse of his electronics trading business several years ago. An application by businessman Gurdas Sabahagchand Choithramani was filed in the High Court yesterday. HSBC and lawyers Mayer Brown JSM have been given two days ...

    http://www.scmp.com/article/1007026/esquire-group-application-resumes-battle-hsbc
  3. Business - Banking & Finance - EARNINGS

    HSBC to dispose of non-core assets in bid to cut costs

    Posted Nov 06th 2012, 12:00am by Lulu Chen

    ... have made significant progress in delivering our strategic priorities to simplify, restructure and grow HSBC," said chief executive Stuart Gulliver. The bank made 24 disposals and closures ... Banking giant reports 125 per cent surge in underlying profit for the third quarter HSBC says it will continue to save costs by disposing of non-core businesses and focus on lending ...

    http://www.scmp.com/business/banking-finance/article/1075790/hsbc-dispose-non-core-assets-bid-cut-costs
  4. HSBC may boost region's workforce 5pc despite cuts

    Posted Feb 29th 2012, 12:00am

    ... in Hong Kong. 'HSBC is not intending to achieve a reduction of jobs. What we are doing is to make sure we have the right staff,' Wong said yesterday. 'The restructuring is a global ... Enoch Yiu enoch.yiu@scmp.com HSBC, which has come under fire from trade unions over its lay-off plans, may add up to 5 per cent to its headcount in Asia-Pacific by 2013, says Asia-Pacific ...

    http://www.scmp.com/article/994038/hsbc-may-boost-regions-workforce-5pc-despite-cuts
  5. Business - Banking & Finance - MONEY LAUNDERING

    HSBC likely to face criminal charges for money laundering

    Posted Nov 06th 2012, 12:00am by Lulu Chen

    ... employ at the end of the quarter, almost 22,000 lower than the number at the end of last year after global restructuring plans to boost efficiency. At midday on the London Stock Exchange, HSBC ... HSBC Holdings, Europe's largest bank by market value, said yesterday it was likely to face criminal charges stemming from US anti-money laundering investigations. It said the cost ...

    http://www.scmp.com/business/banking-finance/article/1075727/hsbc-likely-face-criminal-charges-money-laundering
  6. HSBC says sorry for 'shameful mistakes'

    Posted Jul 31st 2012, 12:00am

    ... for the company is to 'build on steps already taken to manage risk and ensure compliance more effectively', while at the same time HSBC will 'simplify further, restructure and grow', ... Victoria Ruan victoria.ruan@scmp.com HSBC's top executives apologised yesterday for the 'shameful' mistakes made concerning the bank's lax anti-money laundering ...

    http://www.scmp.com/article/1008146/hsbc-says-sorry-shameful-mistakes
  7. China the key to HSBC's success

    Posted Mar 09th 2012, 12:00am

    ... HSBC says the worst is nearly over for the restructuring of its operations in Hong Kong. Generally that is true for the bank as a whole. Most of its woes from the financial crisis stemmed from the US$15.5 billion purchase of a US subprime retail mortgage lender responsible for accumulated losses of US$50 billion. HSBC has been running this business down to the extent ...

    http://www.scmp.com/article/994918/china-key-hsbcs-success
  8. HSBC staff plan to take sick leave in job protest

    Posted Jan 20th 2012, 12:00am

    ... of the 550 HSBC employees interviewed said they had suffered from anxiety since the bank announced a global restructuring plan last year. Eighty-five per cent said they would not be able to make ends ... and back-office positions hit the hardest. In a brief statement yesterday, HSBC said it noted the results of the survey. On its global restructuring plan, the bank said: 'We know this is stressful ...

    http://www.scmp.com/article/990635/hsbc-staff-plan-take-sick-leave-job-protest
  9. Lai See

    Posted Jun 22nd 2012, 12:00am

    ... at Credit Suisse, has been a beneficiary of the restructuring at HSBC. CEO Stuart Gulliver's new broom has opened up a new position and Harper will be in charge of communications for global ... Howard Winn HSBC poised to make legal move to reoccupy Central HQ space We hear that at long last HSBC has decided to bite the bullet and take steps to get the 'Occupy Central' ...

    http://www.scmp.com/article/1004564/lai-see
  10. Worst is 'almost over for HSBC in HK'

    Posted Feb 28th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com HSBC says the worst is nearly over for the bank's operations in Hong Kong, as its restructuring plans in the city are to be wrapped up by the end ... while HSBC was cutting staff in Hong Kong, it was also hiring here. The net effect was that the head count in the city dropped by around 180. HSBC is one of the city's largest employers, ...

    http://www.scmp.com/article/993859/worst-almost-over-hsbc-hk

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