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  1. 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
  2. Moulin creditors hopeful of rescue

    Posted Jun 24th 2005, 12:00am by Enoch Yiu, Toh Han Shih

    ... Toh Han Shih and Enoch Yiu Queue of creditor banks nearly doubles in length as negotiations over restructuring and bailout begin Moulin Global Eyecare Holdings was placed in provisional liquidation yesterday, with creditor banks hoping that a rescue of the troubled company will salvage billions in outstanding loans. There were now 29 banks, led by HSBC Holdings, negotiating ...

    http://www.scmp.com/article/505724/moulin-creditors-hopeful-rescue
  3. 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
  4. 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
  5. In Brief

    Posted Feb 03rd 2004, 12:00am by Staff Reporter

    ... Magic score seeks damages from HSBC Magic Score is seeking $500 million in damages after claiming HSBC breached its fiduciary duties during a 1983 restructuring scheme. The Court of First Instance was told yesterday the bank also failed to acknowledge and rectify a $30 million mistake it made in relation to Magic Score's accounts. The trial continues before Mr Justice William ...

    http://www.scmp.com/article/443170/brief
  6. 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
  7. 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
  8. 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, ...

    http://www.scmp.com/article/423890/household-returns-and-exchange-rate-gains-offset-global-downturn
  9. 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
  10. 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

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