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  1. Esquire Group application resumes battle with HSBC

    Posted Jul 17th 2012, 12:00am

    ... Keith Wallis keith.wallis@scmp.com The Esquire Group is seeking a default judgment against HSBC for hundreds of millions of dollars following the collapse of his electronics trading business several years ago. An application by businessman Gurdas Sabahagchand Choithramani was filed in the High Court yesterday. HSBC and lawyers Mayer Brown JSM have been given two days ...

    http://www.scmp.com/article/1007026/esquire-group-application-resumes-battle-hsbc
  2. 30,000 lay-offs, and more at risk

    Posted Aug 02nd 2011, 12:00am

    ... billion in pre-tax profit in the first half after several sell-offs, shut-downs and restructurings. HSBC closed retail banking businesses in Russia and Poland. It disposed of three non-strategic ... Lulu Chen lulu.chen@scmp.com HSBC could post further job cuts on top of the 30,000 lay-offs announced yesterday if Britain's Independent Commission on Banking (ICB) imposes new ...

    http://www.scmp.com/article/975111/30000-lay-offs-and-more-risk
  3. HK won't be spared as bank cuts jobs

    Posted Aug 03rd 2011, 12:00am

    ... in the US, the crisis in the euro zone and uncertainty in the Middle East. Despite reporting better-thanexpected first-half profit of US$11.1 billion, HSBC is continuing with restructuring plans ... Lulu Chen lulu.chen@scmp.com HSBC staff in the Asia-Pacific region, including Hong Kong, may not be spared as the bank cuts 30,000 jobs. Chief executive Stuart Gulliver warned yesterday ...

    http://www.scmp.com/article/975211/hk-wont-be-spared-bank-cuts-jobs
  4. HSBC may boost region's workforce 5pc despite cuts

    Posted Feb 29th 2012, 12:00am

    ... in Hong Kong. 'HSBC is not intending to achieve a reduction of jobs. What we are doing is to make sure we have the right staff,' Wong said yesterday. 'The restructuring is a global ... Enoch Yiu enoch.yiu@scmp.com HSBC, which has come under fire from trade unions over its lay-off plans, may add up to 5 per cent to its headcount in Asia-Pacific by 2013, says Asia-Pacific ...

    http://www.scmp.com/article/994038/hsbc-may-boost-regions-workforce-5pc-despite-cuts
  5. HSBC seeks to sell general insurance unit

    Posted Sep 29th 2011, 12:00am

    ... of the bank's restructuring plan. At HSBC's investor strategy day in London in May, chief executive Stuart Gulliver said he would sell non-core businesses as well as close loss-making businesses ... Enoch Yiu enoch.yiu@scmp.com HSBC Holdings is approaching a number of European and Japanese insurers in an attempt to sell its worldwide general insurance business, according to people ...

    http://www.scmp.com/article/980461/hsbc-seeks-sell-general-insurance-unit
  6. HSBC says sorry for 'shameful mistakes'

    Posted Jul 31st 2012, 12:00am

    ... for the company is to 'build on steps already taken to manage risk and ensure compliance more effectively', while at the same time HSBC will 'simplify further, restructure and grow', ... Victoria Ruan victoria.ruan@scmp.com HSBC's top executives apologised yesterday for the 'shameful' mistakes made concerning the bank's lax anti-money laundering ...

    http://www.scmp.com/article/1008146/hsbc-says-sorry-shameful-mistakes
  7. China the key to HSBC's success

    Posted Mar 09th 2012, 12:00am

    ... HSBC says the worst is nearly over for the restructuring of its operations in Hong Kong. Generally that is true for the bank as a whole. Most of its woes from the financial crisis stemmed from the US$15.5 billion purchase of a US subprime retail mortgage lender responsible for accumulated losses of US$50 billion. HSBC has been running this business down to the extent ...

    http://www.scmp.com/article/994918/china-key-hsbcs-success
  8. HSBC cost-cutting plan might affect Asian operations

    Posted May 14th 2011, 12:00am

    ... Tang, executive director of Sun Hung Kai Financial, said HSBC's plan was not just about saving money but was also part of an overall business restructuring. 'If the cost-cutting plan is successful, it would make HSBC more attractive. However, the key is still on its financial performance and overall business restructuring and not simply cost-cutting,' Tong said. The bank ...

    http://www.scmp.com/article/967637/hsbc-cost-cutting-plan-might-affect-asian-operations
  9. Fuming HSBC closer to shifting its HQ

    Posted Nov 10th 2011, 12:00am

    ... raising equity if the bank went for any acquisitions. HSBC reiterated that it would not cut, but only restructure, jobs in Hong Kong. The bank announced in September that it would cut 3,000 jobs. ... Lulu Chen lulu.chen@scmp.com Stricter capital rules in Britain could push HSBC a step closer to shifting its headquarters out of London, with chief executive Stuart Gulliver fuming ...

    http://www.scmp.com/article/984429/fuming-hsbc-closer-shifting-its-hq
  10. HSBC to axe 3,000 Hong Kong jobs

    Posted Sep 08th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com HSBC, one of the city's biggest employers, is to axe 3,000 jobs by the end of 2013 - approximately 10 per cent of its local workforce - as part of the bank's global restructuring. The layoffs would affect all sections, said HSBC Asia-Pacific chief executive Peter Wong Tung-shun. But the primary focus will be on support functions, such as legal, ...

    http://www.scmp.com/article/978390/hsbc-axe-3000-hong-kong-jobs

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