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  1. Employees of HSBC, TVB inform unions of 'impending layoffs'

    Posted May 08th 2009, 12:00am by Peter So

    ... Peter So Employees of TVB and HSBC have made calls to unionists claiming some staff will be dismissed soon, fuelling fears of more layoffs in the banking and broadcasting sectors. ... 'three or four calls' from HSBC staff in the afternoon, claiming that about 40 people at the trade services department had been asked verbally by their managers to resign, ...

    http://www.scmp.com/article/679475/employees-hsbc-tvb-inform-unions-impending-layoffs
  2. HSBC closing in on China bank deal

    Posted Jun 25th 2004, 12:00am by Louis Beckerling

    ... before or after it is restructured. Analysts also said a further key condition to the deal would be whether HSBC's stake commanded influence over day-to-day bank management as well ... are being negotiated,' chief executive Michael Smith told the South China Morning Post yesterday. Breaking a tradition of refusing to respond to rumours, HSBC's confirmation came after ...

    http://www.scmp.com/article/460820/hsbc-closing-china-bank-deal
  3. HSBC on to big money-spinner

    Posted Jun 25th 2004, 12:00am by Louis Beckerling

    ... A Bank of Communications stake will prove a long-term plus for the lender's shareholders, writes Louis Beckerling A successful bid by HSBC Holdings for a 20 per cent stake ... If it closes the deal on satisfactory terms, it will cement HSBC's position as the biggest foreign player in the largest financial growth market in the world. Long-term, that could prove ...

    http://www.scmp.com/article/460810/hsbc-big-money-spinner
  4. Government acts to dispel fears of layoffs at HSBC

    Posted Feb 10th 2009, 12:00am by Agnes Lam

    ... at HSBC. However, the bank said it had no comment when asked for its views on a statement by the administration on the issue. The Labour and Welfare Bureau said yesterday it had contacted HSBC to gain a better understanding of reports that the bank was planning to lay off staff. 'The bureau has urged HSBC to make a clarification to ease worries. According to the bureau's ...

    http://www.scmp.com/article/669489/government-acts-dispel-fears-layoffs-hsbc
  5. HSBC posts 8.4pc earnings decline in HK

    Posted Aug 05th 2008, 12:00am by Staff Reporter

    ... 6.1 per cent in June, an 11-year high. 'Inflation is particularly an issue of concern for HSBC, as the bank is still undergoing a restructuring in Hong Kong,' said Peter Pak, ... Natalie Chiu Half-year profit drops first time in 5 years on write-downs, rising staff costs and rents HSBC Holdings' Hong Kong operation, which accounted for 30 per cent of British ...

    http://www.scmp.com/article/647903/hsbc-posts-84pc-earnings-decline-hk
  6. HSBC sets aside US$3.29b for US finance unit

    Posted May 13th 2008, 12:00am by Staff Reporter

    ... in the first quarter from 11.2 per cent, while other consumer lending rose to 5 per cent from 4.2 per cent. HSBC Finance has restructured 1,500 housing loans with an aggregate balance of about US$270 ... Maria Chan HSBC Holdings made an impairment charge of US$3.29 billion for its consumer finance unit in the United States in the first quarter but the management stopped short of saying ...

    http://www.scmp.com/article/637378/hsbc-sets-aside-us329b-us-finance-unit
  7. HSBC deal paves Bocom's path to HK share market

    Posted Aug 11th 2004, 12:00am by Staff Reporter

    ... to launch ours as soon as possible.' Frank Yu Fan, an executive director at Goldman Sachs (Asia) which has been advising Bocom on the restructuring, declined to comment yesterday. Goldman, HSBC ... capping total foreign equity investment in a mainland bank at 25 per cent. Under present rules, Bocom would be allowed to float only about 5 per cent of its equity after the HSBC purchase. ...

    http://www.scmp.com/article/466150/hsbc-deal-paves-bocoms-path-hk-share-market
  8. HSBC gambles on emerging markets

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

    ... Bank seeks to widen its businesses after the US$14.8b purchase of Household As HSBC continues to find ways to grow its global business, it faces a balancing act between the risk of new ... in the first half. Is Household a model for HSBC elsewhere? Sir John seemed to suggest that in his briefing yesterday. 'Strategically, we are building our business in those markets where ...

    http://www.scmp.com/article/423879/hsbc-gambles-emerging-markets
  9. Judge lashes HSBC for 'the devil's work'

    Posted Jul 20th 2005, 12:00am by Nick Gentle

    ... restructuring deal in 1983, with HSBC as the lead institution, the court heard. Under the deal, no interest would be charged on Esquire's existing $309 million debt with HSBC, which would ... Nick Gentle and Robin Kwong HSBC could face a claim in excess of $400 million after a judge found it acted with a 'total lack of morality and legality' in forcing a troubled firm ...

    http://www.scmp.com/article/509019/judge-lashes-hsbc-devils-work
  10. Manager suspended, bank says HSBC deal still on

    Posted Jul 12th 2004, 12:00am by Mark O'Neill

    ... 60 per cent of the shareholders at its annual meeting on June 20 had approved its plans to restructure and bring in strategic investors. 'Negotiations with HSBC are going smoothly,' ... Mark O'Neill in Shanghai Hit by sit-ins at a Shanghai branch and a 200 million yuan fraud in Liaoning, the Bank of Communications (Bocom) is fighting to save an investment from HSBC ...

    http://www.scmp.com/article/462846/manager-suspended-bank-says-hsbc-deal-still

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