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  1. 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 ...

  2. 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 ...

  3. HSBC to axe 3,000 Hong Kong jobs

    Posted Sep 08th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com HSBC, one of the city's biggest employers, is to axe 3,000 jobs by the end of 2013 - approximately 10 per cent of its local workforce - as part of the bank's global restructuring. The layoffs would affect all sections, said HSBC Asia-Pacific chief executive Peter Wong Tung-shun. But the primary focus will be on support functions, such as legal, ...

  4. HK and Asia-Pacific spur HSBC profits to US$11.1b

    Posted Aug 02nd 2011, 12:00am

    ... May Chan may.chan@scmp.com Hong Kong and Asia-Pacific led growth in HSBC's global revenues as the region's economic momentum continued to outstrip North America, Europe and Latin ... record-breaking initial public offerings and its status as the world's third-largest financial centre. Despite the current restructuring of the bank, which had already seen 5,000 jobs axed ...

  5. HSBC net profit climbs 57.8pc in quarter

    Posted May 10th 2011, 12:00am

    ... Lulu Chen HSBC Holdings' earnings jumped 57.8 per cent in the first quarter, but chief executive Stuart Gulliver said it could take three years for the bank to reach its key cost ... strategy to cut costs. For every GBP1 billion (HK$12.73 billion) of savings, HSBC's cost-income ratio could decline by 2.3 percentage points and pre-tax profit could rise 7.2 per cent ...

  6. HSBC mulls US acquisitions amid subprime mortgage woes

    Posted Apr 02nd 2008, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings, the global lender haunted by US subprime mortgage woes, has indicated that it has no plans to pull out of the US market and may even make acquisitions there. ... added. Knight Vinke Asset Management, an activist HSBC shareholder, reiterated last weekend that the bank should spin off HSBC Finance, its US consumer finance unit with heavy exposure ...

  7. Investors put faith in HSBC top management

    Posted Aug 05th 2009, 12:00am by Staff Reporter

    ... A few months ago HSBC Holdings raised nearly US$18 billion with a rights offer to bolster its balance sheet. This week it reported a first-half profit of US$3.35 billion - less than half ... on the economic outlook. But it also says something about HSBC's relative strength and confidence in its ability to acquire good assets being sold off by weaker banks and grow market share. ...

  8. Investors punish HSBC after US$35b bailout of two investment vehicles

    Posted Nov 28th 2007, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holding shares fell as much as 3.07 per cent yesterday after the bank unveiled plans for a US$35 billion bailout of its two troubled structured investment vehicles. At one point, HSBC traded as low as HK$129.40 before regaining some of its loss to close at HK$130.90, down 1.95 per cent. Still, HSBC's fall, along with that of Bank of China, helped drag the Hang ...

  9. HSBC isolates fallout from subprime debt

    Posted Nov 27th 2007, 12:00am by Staff Reporter

    ... the restructuring 'a proactive step' to 'avert the potential fire-sale of the SIVs' assets'. HSBC shares fell 2.12 per cent to 809.5 pence (HK$130.41) in late trading on the London ... Maria Chan and Natalie Chiu Bank to revamp investment vehicles HSBC Holdings plans to reorganise its two structured investment vehicles (SIV) to prevent quality assets from being forced ...

  10. Big investors will not affect HSBC policy

    Posted May 23rd 2007, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings, the world's fourth-largest bank by market value, has indicated that increased investments by institutional investors would not affect its policy decisions as Lehman Brothers bought additional shares to become its second-biggest stakeholder. Lehman Brothers International (Europe) bought 458.44 million HSBC shares, boosting its stake to 3.96 per cent ...




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