• Friday
  • November 28, 2014
  • Last updated: 1:49pm
Hong Kong




Search Results

Results 1 - 10 of 22 for hsbc restructuring

Related topics matching your search

Search results

  1. HSBC eyes second exceptional gain

    Posted May 30th 2007, 12:00am by Staff Reporter

    ... progress in improving its mortgage business in the United States but the challenge was how to restructure operations and merge its US consumer finance business with HSBC's Latin American ... Maria Chan HSBC Holdings, the world's fourth-largest bank, could book a second exceptional gain in the second quarter from the Bank of Communications' recent sale of A shares ...

  2. HSBC isolates fallout from subprime debt

    Posted Nov 27th 2007, 12:00am by Staff Reporter

    ... the restructuring 'a proactive step' to 'avert the potential fire-sale of the SIVs' assets'. HSBC shares fell 2.12 per cent to 809.5 pence (HK$130.41) in late trading on the London ... Maria Chan and Natalie Chiu Bank to revamp investment vehicles HSBC Holdings plans to reorganise its two structured investment vehicles (SIV) to prevent quality assets from being forced ...

  3. Big investors will not affect HSBC policy

    Posted May 23rd 2007, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings, the world's fourth-largest bank by market value, has indicated that increased investments by institutional investors would not affect its policy decisions as Lehman Brothers bought additional shares to become its second-biggest stakeholder. Lehman Brothers International (Europe) bought 458.44 million HSBC shares, boosting its stake to 3.96 per cent ...

  4. Lenovo to cut workforce in restructuring

    Posted Apr 21st 2007, 12:00am by Staff Reporter

    ... Bien Perez Shares of Lenovo Group rose to a three-week high yesterday after the personal computer maker unveiled a corporate restructuring that would cut or redeploy about 5 per cent ... Amelio said, adding the firm missed internal growth and productivity targets. HSBC forecast that Lenovo's net margin this year would be 1 per cent, compared with 2.3 per cent for Acer, 7.7 ...

  5. HSBC sets aside US$3.4b to cover problem loans

    Posted Nov 15th 2007, 12:00am by Staff Reporter

    ... Natalie Chiu HSBC Holdings, the world's fourth-largest lender by market value, set aside US$3.4 billion against impairment charges in the third quarter for its United States consumer ... 'Deterioration in the US housing market is affecting consumer finance credit quality more broadly than hitherto and loan impairment charges are expected to remain high in these conditions,' HSBC ...

  6. HSBC loses another key executive

    Posted Jul 19th 2007, 12:00am by Enoch Yiu

    ... Maria Chan and Enoch Yiu HSBC Holdings has lost at least its fourth senior Asia-Pacific executive in three months after the resignation of Nick Sibley, the head of personal financial services in the region, according to sources. Mr Sibley's departure follows the loss of Michael Smith, the chief executive of HSBC's Asia-Pacific unit, who resigned early last month ...

  7. Investors punish HSBC after US$35b bailout of two investment vehicles

    Posted Nov 28th 2007, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holding shares fell as much as 3.07 per cent yesterday after the bank unveiled plans for a US$35 billion bailout of its two troubled structured investment vehicles. At one point, HSBC traded as low as HK$129.40 before regaining some of its loss to close at HK$130.90, down 1.95 per cent. Still, HSBC's fall, along with that of Bank of China, helped drag the Hang ...

  8. Cards offer link to past as HSBC head makes his way to new home

    Posted Aug 27th 2007, 12:00am by Enoch Yiu

    ... Enoch Yiu and Maria Chan HSBC Asia head Michael Smith may have jumped ship to become chief executive of ANZ Australia and New Zealand Banking Group in October but memories of his former employer will be literally in his pocket. 'I will keep on using HSBC credit cards as the internet banking service is good,' Mr Smith said. 'But I will definitely use ANZ cards ...

  9. Citibank heeds Beijing call for foreign lenders to set up rural arms

    Posted Oct 24th 2007, 12:00am by Tom Miller

    ... is the second major foreign lender to open a rural arm after HSBC Holdings which launched HSBC Rural Bank in Hubei province's Suizhou city in August. 'The rural areas in China are very ... restructuring process and rural credit co-operatives, many of which are insolvent. So far 23 new rural financial institutions have been established, three have won regulatory approval and five ...

  10. Rural financial institutions record loan increase of 20pc

    Posted Feb 07th 2007, 12:00am by Staff Reporter

    ... hopes to lift the economy in those poor regions in line with the country's fast growth by 2010. Mr Tang said the regulator would restructure rural co-operatives into modern financial ... branches. HSBC, Standard Chartered and Grameen Trust, led by Nobel peace prize winner Muhammad Yunus, hoped to set up outlets in rural regions, while seven domestic banks including China Minsheng ...




SCMP.com Account