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Results 1 - 4 of 4 for hsbc restructuring

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  1. 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. ...

    http://www.scmp.com/article/506780/moulin-awaits-final-count-staff-cuts
  2. Distressed-debt veteran forms bank to cash in on ailing firms

    Posted Oct 08th 2009, 12:00am by Naomi Rovnick

    ... to specialise in trading troubled companies' bonds, advising unhealthy firms on restructuring their finances and selling near-bankrupt firms' loans at a discount to hedge funds ... order books grew less last month than they did in August, with exporters reporting sluggish pre-Christmas trade, according to HSBC's monthly purchasing managers' index. The index ...

    http://www.scmp.com/article/694805/distressed-debt-veteran-forms-bank-cash-ailing-firms
  3. 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 ...

    http://www.scmp.com/article/655609/liquidator-shuts-20-chains-stores-sacks-staff
  4. StanChart moves into low-end lending

    Posted Jun 29th 2004, 12:00am by Staff Reporter

    ... problematic, with the bank making big write-offs for bad and doubtful debts as credit-card defaults and personal bankruptcies rose. PrimeCredit has advertised itself as a debt restructuring specialist. ... with the mainland's Bank of Communications, which is now in talks with HSBC Holdings. Group executive director and global head of consumer banking Mike Denoma described the PrimeCredit deal ...

    http://www.scmp.com/article/461304/stanchart-moves-low-end-lending

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