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Results 1 - 7 of 7 for hsbc restructuring

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  1. Household returns and exchange rate gains offset global downturn

    Posted Aug 05th 2003, 12:00am by Staff Reporter

    ... with good restructuring potential. In an apparent defence against such accusations, HSBC chairman Sir John Bond yesterday said: 'Household's contribution in its first three months ... Two recent acquisitions and exchange rate gains were the main drivers of banking giant HSBC Holdings' robust 25 per cent year-on-year surge in first-half net profit to US$4.1 billion, ...

  2. HSBC's top six get GBP38m pay bonanza

    Posted Mar 02nd 2010, 12:00am by Naomi Rovnick

    ... Naomi Rovnick HSBC has awarded its six top directors a GBP38 million (HK$444.42 million) pay and bonus bonanza, while reporting disappointing annual profits, cutting its dividend ... time. In an interview with the South China Morning Post, chief executive Michael Geoghegan admitted HSBC's troubles in North America- where the bank has swallowed US$40 billion worth of bad ...

  3. MGM Mirage-Pansy Ho venture could default on US$818m in loans

    Posted Mar 19th 2009, 12:00am by Staff Reporter

    ... the local unit of HSBC Holdings. The joint venture secured its funding in several rounds between 2005 and 2007 and has posted the land-use rights for the US$1.25 billion, 600-room MGM Grand Macau ... attempt to take possession of the MGM Grand Macau, initiate restructuring, or liquidate the assets. A spokesman at MGM Mirage said the Macau Grand had received a 'waiver of its financial ...

  4. Leung unfazed by her latest banking challenge

    Posted Mar 23rd 2009, 12:00am by Staff Reporter

    ... lender. Margaret Leung Ko May-yee, HSBC's general manager and global co-head of commercial banking, has been seconded to Hang Seng to succeed Raymond Or Ching-fai, the retiring veteran banker. From May 6, she becomes the first female vice-chairman and chief executive in the lender's 75-year history. Hang Seng Bank is 62.14 per cent owned by HSBC. But her promotion could ...

  5. Prospects brighten as BEA lifts profit to record $2.4b

    Posted Feb 04th 2005, 12:00am by Staff Reporter

    ... attributed the rise in costs to a replacement of internal banking systems, restructuring in accordance with the Basel II accord and the setting up of new branches in the mainland. Mr Li said ... will fare against more aggressive rivals, such as HSBC and Citigroup, that have acquired stakes in mainland banks. '[But] with 18 offices and branches, they are on the same level as other ...

  6. US concerns drive investors to take profit

    Posted Mar 31st 2009, 12:00am by Naomi Rovnick, Nick Westra

    ... slumped last month. Taiwan slid 3.43 per cent, South Korea dropped 3.24 per cent and Indonesia fell 2.98 per cent. However, after the White House revealed plans for a restructuring of the vehicle ... York. Banking giant HSBC Holdings edged down 2.51 per cent to HK$42.70, declining for the third time in the past four trading days. Its rights shares fell 6.73 per cent to HK$14.42. In London, ...

  7. A year of pleasant surprises

    Posted May 09th 2005, 12:00am by Staff Reporter

    ... Bank to 50.2 per cent at BOC Hong Kong. The city's biggest lender, Hongkong & Shanghai Banking Corp, a wholly owned subsidiary of London-based global giant HSBC Holdings, reported a 34.9 per cent increase in net profits to $92.22 billion. HSBC revealed a record profit of US$11.84 billion, but the numbers were in line with expectations, and together with a flat earnings ...



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