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Results 1 - 10 of 60 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. 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
  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 - 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
  7. 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
  8. 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
  9. 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
  10. Business - Banking & Finance - BANKING

    Despite its regional ambitions, ANZ finds banks in Hong Kong too pricey to purchase

    Posted Jan 14th 2014, 10:46am by KANIS LI

    ... market-focused Standard Chartered announced restructuring plans following slower growth in the top line and losses in South Korea, one of its key markets. HSBC started its massive restructuring programme ...

    http://www.scmp.com/business/banking-finance/article/1405249/despite-its-regional-ambitions-anz-finds-banks-hong-kong

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