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  • July 29, 2014
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  1. Business - THE VIEW

    HSBC seems to find it easier to pay fines than fix corporate culture

    Posted Jul 14th 2014, 03:09am by Peter Guy

    ... the financial crisis, global banks have evolved from "too big to fail" into "too big to jail". Each new fine, like BNP Paribas' US$8.9 billion penalty, sets a new, ignominious record. Governments fear that a criminal conviction and closure of a major bank would prove far too disruptive to the financial system. But big banks are not making significant progress towards ...

  2. News - World - IRAN

    Iran lobbies HSBC to clear humanitarian transactions

    Posted Jun 24th 2014, 09:45pm by Reuters

    ... to have stopped processing financial transactions for allowable humanitarian trade," the source said, adding that this could have wider implications given that "the [financial] ecosystem ...

  3. Business - Banking & Finance - BANKING

    HSBC asset sale to LGT will halve countries served by its private bank

    Posted Jun 25th 2014, 02:37am by Reuters

    ... it remained committed to Switzerland as a key international centre for its global private banking business. HSBC and LGT said about 70 staff would transfer as part of the deal. HSBC has about 1,400 ...

  4. News - Hong Kong - CONSUMER AFFAIRS

    HSBC customer forced to make 16,000-kilometre trip to access account after bank blunder

    Posted Jun 22nd 2014, 04:30am by DANNY LEE

    ... Danny Lee danny.lee@scmp.com Robert Lewis had to fly from Australia to Hong Kong 16,000km journey to solve bank bungle When former Hong Kong resident Robert Lewis opened an account with the 'world's local bank' he thought HSBC would be able to cater for all his financial needs, wherever in the world he went. Little did he know that due to a breakdown in communication over his ...

  5. Business - Banking & Finance

    HSBC and Standard Chartered among first Shanghai free-trade zone banks

    Posted Sep 10th 2013, 12:00am by KANIS LI

    ... to yuan business, with the central government keen to make its currency more global. Raymond Yeung, an economist at ANZ Banking in Hong Kong, said Shanghai was the mainland's financial centre ... and bankers, with some worrying the city's position as an offshore yuan-trading centre and its financial industry might be threatened by Shanghai's rise. ...

  6. Business - Banking & Finance

    HSBC private bank bets on new hedge funds in Asia

    Posted May 15th 2014, 01:43am by BLOOM

    ... financial crisis in attempts to cut costs, raising barriers for smaller hedge funds to expand assets. "With less proprietary trading than before and less assets under management trading those ...

  7. 'Big elephant' blunders its way to financial ignominy

    Posted Mar 18th 2009, 12:00am by Joseph Wong

    ... opposition from large, publicly listed companies. The government has a huge stake in ensuring Hong Kong's reputation as an international financial centre. It should therefore oversee the SFC ... if not generations. There may be sound financial reasons to pitch the rights issue at the ratio of five new shares to every existing 12. But with the lot size of 400, one has to hold 4,800 shares, ...

  8. Business - Banking & Finance - STRATEGY

    HSBC retail revamp key to end drag of redress on profits

    Posted Apr 07th 2014, 04:38am by NICK EDWARDS

    ... the 2008-09 global financial crisis. Mis-selling of insurance by banks did not bring the system to its knees, but it was symptomatic of the way in which lenders over the previous two decades had lost sight of their role as providers of the financial services that keep the global economy turning, preferring to see themselves instead as manufacturers and sellers of products. Flint believes ...

  9. Business - Banking & Finance - BANKING

    Brokers flee HSBC for Chinese investment banks in Hong Kong

    Posted Mar 11th 2014, 11:44am by George Chen; Kanis Li

    ... financial institutions in the past year and occupies two floors in Exchange Square in Central. "[The former HSBC staff] are extremely unhappy with HSBC's decision to suddenly change ... process for the mainland investment banks. "In the financial industry, it's all about money. It's just that simple." Late last year, HSBC announced internally that it would ...

  10. Business - Banking & Finance - EARNINGS

    World economic recovery key to HSBC growth

    Posted Feb 25th 2014, 01:24am by Ray Chan

    ... in the 2008-09 financial crisis. "The key catalyst for HSBC's revenue is primarily driven by any interest rate hikes in the next 12 months as the deposit-rich lender is adversely impacted ... to boost global economic output by 0.5 per cent a year over the next five years, cementing a change of tone for developed economies following years of post-financial-crisis austerity. Gulliver gave ...




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