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  • October 26, 2014
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Results 1 - 10 of 112 for hsbc restructuring

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  1. Philips in drive to restructure

    Posted Aug 25th 2003, 12:00am by Staff Reporter

    ... 270 factories to 150. The company posted large losses in 2001 and last year, prompting a series of restructurings. Philips had shed 50,000 jobs since mid-2001, through a mix of firings, ...

  2. HSBC cuts profitability target; shares plunge

    Posted Mar 01st 2011, 12:00am by Naomi Rovnick

    ... Naomi Rovnick HSBC's shares received a battering on new chief executive Stuart Gulliver's first annual results announcement, as the bank admitted shareholders returns would fall ... more capital aside for future crises. HSBC also revealed its costs had ballooned partly because it is increasing staff wages in Asia, and that it could take a significant hit this year from ...

  3. Moulin awaits final count of staff cuts

    Posted Jul 02nd 2005, 12:00am by Staff Reporter

    ... reported that Moulin's mainland staff have not been paid for several months. The liquidation of Moulin comes in the wake of 29 banks, led by HSBC Holdings, seeking to reclaim at least $2.4 billion in outstanding loans after restructuring efforts failed and accounting irregularities continued to emerge at the company. A winding-up petition hearing is scheduled for August 24. ...

  4. Liquidator shuts 20 of chain's stores, sacks staff

    Posted Oct 10th 2008, 12:00am by Martin Wong

    ... the court-appointed provisional liquidator. 'Our goal now is to find a white knight. The company is not yet liquidated,' Edmund Yeung Lui-ming of Deloitte said. 'We are restructuring ... The U-Right layoff came less than two weeks after HSBC cut 1,100 jobs worldwide, including 100 in Hong Kong, amid the global financial chaos. At the time of the HSBC job cuts, Financial Secretary John ...

  5. HSBC card unit expects tough conditions in US

    Posted Apr 01st 2009, 12:00am by Staff Reporter

    ... Wong Ka-chun HSBC Holdings' credit card unit in the United States was expected to face a difficult environment over the next two years because of deteriorating economic conditions ... have to think about it again... Unless there is a further deterioration in assets, the unit could ride out the storm,' he added. HSBC said the US card business was profitable last year ...

  6. HSBC acquires Indonesian bank for US$607.5m

    Posted Oct 21st 2008, 12:00am by Staff Reporter

    ... Maria Chan While other major banks are shrinking, and even failing, HSBC Holdings is on the acquisition trail. Britain's largest lender said yesterday it had agreed to pay US$607.5 million in cash for 88.89 per cent of Bank Ekonomi Raharja, HSBC's first bank acquisition in Indonesia. The purchase would enhance HSBC's commercial banking business in Indonesia, extend ...

  7. Worst effects yet to come, says HSBC boss

    Posted Oct 20th 2008, 12:00am by Joyce Man

    ... Joyce Man The worst is yet to come for Hong Kong from the global economic crisis, HSBC's top executive in Asia has warned. 'The impact is going to come more severely to Hong Kong ... start to affect Asia, he said. Asked whether HSBC planned to lay off more staff, Mr Flockhart said he could not promise that it would not. He said the bank would protect the interests ...

  8. HSBC's information overlord

    Posted Sep 19th 2008, 12:00am by Bernard Wan

    ... transacted electronically, a data centre is an essential part of any bank,' said Eli Sinyak, chief information officer for Asia-Pacific at HSBC. While cost is considered a prime factor when most banks select a place to set up their data centres, there were higher priorities that HSBC had in mind when it invested HK$2 billion in building its data centre in Tseung Kwan O to process ...

  9. HSBC to focus on cautious lending and cost control

    Posted Aug 16th 2008, 12:00am by Staff Reporter

    ... Maria Chan Cheng expects slowing regional growth in second half Hongkong and Shanghai Banking Corp, the Asia-Pacific unit of HSBC Holdings, said it would be more cautious on lending ... to be more cautious about liquidity and lending, including HSBC. While some individual companies had experienced repayment difficulties recently, the bank's lending policy had not changed ...

  10. HSBC puts price tag of US$1.3b on Bank of Bermuda

    Posted Oct 29th 2003, 12:00am by Staff Reporter

    ... Bei Hu HSBC Holdings- the world's second-largest bank by market value- yesterday announced a plan to acquire Bank of Bermuda for US$1.3 billion in a deal that would strengthen HSBC's international funds and private client business. HSBC would pay US$40 for each Bank of Bermuda share from internal resources to make it a wholly owned subsidiary under a deal that HSBC ...




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