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  • August 30, 2014
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  1. 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

    ... Reuters in London HSBC to halve countries served by private bank HSBC is halving the number of countries its private bank serves after selling a portfolio of Swiss banking assets, the latest bank to narrow its wealth management focus in a bid to improve profitability and cut compliance risk. HSBC, Europe's biggest bank by market value, said its private bank served ...

  2. Business - Banking & Finance - BANKING

    HSBC boosts oversight on metals financing in wake of Qingdao probe

    Posted Jun 16th 2014, 03:07am by Enoch Yiu

    ... financing business in China." He added that the bank was watching the situation. "Standard Chartered's commodity financing business is a key focus area for the bank and we remain ...

  3. Lee successor real focus of meeting

    Posted Apr 11th 2005, 12:00am by Enoch Yiu

    ... With chairman's re-election assured, attention will be on developments next April, writes Enoch Yiu Stakes are high in brokerage betting pools this week ahead of the sixth annual general meeting of the Hong Kong Exchanges and Clearing (HKEx) tomorrow ...

  4. HSBC shifts focus in sale of NZ home loan business

    Posted Feb 16th 2007, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings said it planned to sell its New Zealand home-loan business bought four years ago to focus on its self-generated mortgage business. HSBC New Zealand, a unit ... Wilson, chief executive of HSBC in New Zealand, adding that this business had increased more than 40 per cent since 2002. 'It is our intention to focus our business on those customers whom we ...

  5. HSBC shifts focus to Asia after North America slows profit rise

    Posted Mar 06th 2007, 12:00am by Staff Reporter

    ... Maria Chan Bank sees 4.7pc gain to US$15.8b after bad loan charges surge HSBC Holdings says it will focus on Asia and emerging markets after the performance of its sub-prime mortgage business in the United States dragged profit growth to its lowest since 2002. The world's fourth-largest bank by market value said loan impairment charges surged 35.5 per cent to US$10.57 ...

  6. HSBC pension unit sharpens its retail focus amid low rates

    Posted Jan 12th 2004, 12:00am by Enoch Yiu

    ... Enoch Yiu HSBC Asset Management, the largest pension fund manager in Hong Kong, will place more emphasis on individual investors this year to capitalise on the low savings rate in Hong Kong. The firm's Asia-Pacific chief executive, Blair Pickerell, s ...

  7. Business - Banking & Finance - BANKING

    19pc growth in HSBC pre-tax profit estimated as impairments stabilise

    Posted Feb 20th 2014, 10:44am by KANIS LI

    ... for revenue growth and improved interest margin, they said, while unexpected fines and regulatory costs topped the list of downside risks. HSBC chief executive Stuart Gulliver has pledged to focus ...

  8. Business - Banking & Finance - EARNINGS

    Cleaner HSBC balance sheet leaves doubts

    Posted Nov 05th 2013, 02:42am by KANIS LI

    ... per cent at 707.1 pence in London yesterday afternoon after the announcement. In Hong Kong, the stock closed 0.35 per cent lower at HK$85.10 before the results. Gulliver had pledged to focus ...

  9. Business - Banking & Finance - CHINA

    HSBC and BEA approved to operate in Shanghai free-trade zone

    Posted Oct 13th 2013, 12:00am by KANIS LI

    ... in the zone by early next year, and would initially focus on international banking services targeting corporate customers in the zone. It would then expand its service scope as the regulatory ...

  10. Business - China Business - LABOUR

    Sacked insurance staff stage protest at HSBC offices in Shanghai

    Posted Mar 21st 2013, 12:00am by Daniel Ren

    ... Daniel Ren in Shanghai ren.wei@scmp.com 130 workers lose their jobs in joint venture as banking giant switches focus on bancassurance Sacked insurance staff stage protest against HSBC ... Insurance, a 50-50 joint venture with National Trust, fired its sales team of about 130 staff in what the largest bank in Europe said was a plan to focus on bancassurance. "HSBC has reviewed its ...




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