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  1. 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 ...

  2. HSBC on to big money-spinner

    Posted Jun 25th 2004, 12:00am by Louis Beckerling

    ... A Bank of Communications stake will prove a long-term plus for the lender's shareholders, writes Louis Beckerling A successful bid by HSBC Holdings for a 20 per cent stake ... If it closes the deal on satisfactory terms, it will cement HSBC's position as the biggest foreign player in the largest financial growth market in the world. Long-term, that could prove ...

  3. HSBC's top six get GBP38m pay bonanza

    Posted Mar 02nd 2010, 12:00am by Naomi Rovnick

    ... Naomi Rovnick HSBC has awarded its six top directors a GBP38 million (HK$444.42 million) pay and bonus bonanza, while reporting disappointing annual profits, cutting its dividend ... time. In an interview with the South China Morning Post, chief executive Michael Geoghegan admitted HSBC's troubles in North America- where the bank has swallowed US$40 billion worth of bad ...

  4. 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. ...

  5. 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 ...

  6. 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 ...

  7. HSBC's numbers man reassures the faithful

    Posted Mar 16th 2009, 12:00am by Naomi Rovnick

    ... and bailouts have replaced takeovers, chief financial officers have become the most important figures in banking boardrooms. And no finance director is more important to Hong Kong investors than HSBC Holding's Douglas Flint. Mr Flint, a soft-spoken Scot, is leading HSBC's mammoth US$17.7 billion fund-raising. The chief financial officer and global board member must convince shareholders ...

  8. Appointments

    Posted May 16th 2009, 12:00am by Staff Reporter

    ... Conrado Engel Chief executive and president HSBC Bank Brazil Based in Hong Kong, Mr Engel is the regional director personal financial services, Asia-Pacific of The Hongkong and Shanghai Banking Corporation. He has held this position since January 2007, and was appointed a group general manager in May 2008. Previously, Mr Engel was executive director of HSBC Bank Brazil from 2004 ...

  9. PCCW strikes deal with Telstra to restructure assets in joint venture

    Posted Jan 27th 2011, 12:00am by Staff Reporter

    ... Bien Perez PCCW, Hong Kong's biggest telecommunications carrier, has forged a deal with Telstra International to restructure the assets in their 50-50 joint venture Reach Global Services, a submarine cable and satellite systems operator. In a filing with the Hong Kong stock exchange, PCCW said it would benefit from the restructuring in terms of 'increased operational ...

  10. 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, ...




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