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Results 1 - 10 of 36 for hsbc restructuring

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  1. Business - Banking & Finance - BANKING

    Massive revamp may squeeze HSBC returns

    Posted Aug 06th 2013, 12:00am by KANIS LI

    ... squeeze HSBC returns Massive restructuring by banking giant HSBC could be about to hit the point of diminishing returns after 2-1/2 years of strategic overhaul. "The market's expectation on HSBC is too high," Ian Gordon, an analyst at Investec in London, told the South China Morning Post after the bank unveiled first-half pre-tax profit of US$14.1 billion yesterday ...

    http://www.scmp.com/business/banking-finance/article/1294556/massive-revamp-may-squeeze-hsbc-returns
  2. Business - Money - ASSET SALE

    HSBC set to sell US$3.4b of mortgage assets at a loss of US$200m

    Posted Mar 07th 2013, 12:00am by BLOOMBERG AND KANIS LI

    ... businesses." Sally Ng, a banking analyst at China International Capital Corporation (Hong Kong), said the bank was making good progress in restructuring. HSBC Finance Corporation, a subsidiary of HSBC ... Kanis Li kanis.li@scmp.com Bank set to sell US$3.4b of mortgage assets to US firms at a loss of US$200m HSBC in talks over subprime portfolio HSBC is in talks to sell some of its subprime ...

    http://www.scmp.com/business/money/markets-investing/article/1184263/hsbc-set-sell-us34b-mortgage-assets-loss-us200m
  3. Business - Economy

    China services sector maintains steady growth, HSBC PMI shows

    Posted Dec 04th 2013, 09:56am by Reuters in Beijing

    ... as the government embarks on a sweeping restructuring drive. The HSBC/Markit services PMI stood at 52.5, little changed from October’s 52.6 and above the 50 line that separates expansion from contraction. ... ahead, the HSBC/Markit survey found. “Service sectors maintained a steady pace of growth in November, translating into the third consecutive month of employment expansion,” said Qu Hongbin, chief ...

    http://www.scmp.com/business/economy/article/1372651/china-services-sector-maintains-steady-growth-hsbc-pmi-shows
  4. News - China Insider - Morning Clicks

    China news round-up: PLA exercise at N Korean border, HSBC sells Bank of Shanghai stake

    Posted Dec 11th 2013, 08:06am by Patrick Boehler

    ... Securities Daily* China will set up one or two state-owned investment companies next year to facilitate SOE restructuring.  Bloomberg HSBC sells 8 per cent stake in Bank of Shanghai to Spain’s ... Beijing News* Speculation about topics at the Central Economic Work Conference: environment, urbanization, real estate. Dahe Daily* Ministry of Defence says military restructuring rumours are mere ...

    http://www.scmp.com/news/china-insider/article/1378078/china-news-round-pla-exercise-n-korean-border-hsbc-sells-bank
  5. Business - Banking & Finance - EARNINGS

    HSBC expected to report big surge in profit

    Posted May 07th 2013, 12:00am by KANIS LI

    ... banking arm, UBS said in a report. Sally Ng, an analyst at China International Capital Corp, said HSBC had room for further restructuring, as "it can do much more to simplify the structure ... Kanis Li kanis.li@scmp.com Average forecast of 80 per cent gain for the first quarter, a strong season for the banking giant HSBC expected to report big surge in profit HSBC may post ...

    http://www.scmp.com/business/banking-finance/article/1231828/hsbc-expected-report-big-surge-profit
  6. Business - Banking & Finance - BANKING

    HSBC shares set to fall in Hong Kong after profits miss forecasts

    Posted Aug 05th 2013, 11:18pm by NICK EDWARDS

    ... investors are poised to sell HSBC stock when Hong Kong markets open this morning, despite an insistence from the global banking giant that its restructuring efforts remain firmly on track ... said Gulliver, who is two and a half years into a restructuring plan that has cut more than 46,000 jobs and seen the bank announce plans to exit 54 businesses. HSBC's London-listed stock ...

    http://www.scmp.com/node/1294558
  7. Business - Money - EARNINGS

    HSBC shares up on profit rise, but concerns remain

    Posted Nov 06th 2013, 04:54am by KANIS LI

    ... Kanis Li kanis.li@scmp.com HSBC shares up on profit rise, but concerns remain HSBC shares climbed to a six-week high in Hong Kong yesterday after the bank's third-quarter pre-tax profit grew 30 per cent year on year. But analysts warned the softening revenue trend would continue for the bank, which is coming to the end of its restructuring. The stock rose 1.4 per cent ...

    http://www.scmp.com/business/money/markets-investing/article/1348661/hsbc-shares-profit-rise-concerns-remain
  8. Business - Banking & Finance - LABOUR

    HSBC expected to axe up to 5,000 more jobs to save US$1b

    Posted Mar 19th 2013, 12:00am by KANIS LI

    ... company, we seek further efficiencies." The restructuring plan for the Asia-Pacific region had completed and there was no plan for further lay-offs, HSBC Asia-Pacific chief executive Peter ... Kanis Li kanis.li@scmp.com HSBC expected to axe more jobs to save US$1b HSBC may announce further job cuts as part of a strategy to reduce costs. The bank will offer an update ...

    http://www.scmp.com/business/banking-finance/article/1194127/hsbc-expected-axe-5000-more-jobs-save-us1b
  9. Business - Banking & Finance - BANKING

    Expectations high as results season begins for banks

    Posted Feb 26th 2013, 12:00am by KANIS LI

    ... and a better capital position after a HK$3.3 billion private placement to its shareholder, the Japanese bank Sumitomo Mitsui, in December. BEA's bigger competitor, HSBC, is scheduled to post its results on March 4. After 46 sales of assets and closures of businesses globally since 2011, HSBC is now a more streamlined business, and the challenge for HSBC's chief executive, Stuart ...

    http://www.scmp.com/business/banking-finance/article/1158650/expectations-high-results-season-begins-banks
  10. Business - Banking & Finance - RESULTS

    HSBC likely to see substantial fall in profit

    Posted Aug 05th 2013, 12:00am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Bank expected to report decline of more than 26pc today, but Hang Seng profit set to soar HSBC likely to see substantial fall in profit HSBC is expected ... businesses in Europe and North America helped HSBC to post significantly higher results in the first quarter. Dominic Chan, an analyst at BNP Paribas, said he expected HSBC's business in Europe ...

    http://www.scmp.com/business/banking-finance/article/1294266/hsbc-likely-see-substantial-fall-profit

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