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  • October 22, 2014
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  1. Banks ask trustee for minibond clarity

    Posted Dec 05th 2008, 12:00am by Staff Reporter

    ... a public announcement on the buy-back in the middle of last week, the source said. However, they were forced to stop because the trustee, HSBC Bank USA, National Association, received a letter from ... that it would be proper. However, as HSBC Bank USA was incorporated under US law, the challenge by Lehman Brothers' liquidator had complicated the matter. 'No one can say for sure who is right ...

  2. Foreign lenders step up rural expansion

    Posted Jul 02nd 2010, 12:00am by Staff Reporter

    ... will allow them to expand in the more lucrative urban areas. One after another, HSBC Holdings, Standard Chartered, Bank of East Asia and others have announced plans to establish a presence ... to discover market opportunities and create higher profit margins than their domestic rivals? HSBC's first rural bank, the first on the mainland set up by a foreign lender, started operations ...

  3. Techtronic optimistic on funding despite US woes

    Posted Sep 08th 2008, 12:00am by Staff Reporter

    ... will be able to offset it as we have introduced a lot of new products,' Mr Galli said. 'We expect our sales in the coming Christmas season to be a little bit better than last year.' HSBC ... a year earlier. Techtronic last month posted 10.1 per cent growth in first-half sales to HK$13.1 billion. Net earnings, including an exceptional loss of HK$166 million for restructuring, fell ...

  4. Expect bloody fight over HSBC in derivatives market

    Posted Mar 21st 2009, 12:00am by Shirley Yam

    ... with Shirley Yam In the past 10 days, HSBC shares have put on a 25 per cent rebound. Very attractive indeed. In case you are amazed or even tempted to join the cause, read this. Scene one: On March 10, a tai-tai called up her private banker, saying she would like to buy several million US dollars worth of HSBC April put options at HK$25 each. In layman's terms, she was offering ...

  5. Lai See

    Posted Mar 17th 2011, 12:00am by Howard Winn

    ... JP Morgan, Goldman Sachs, HSBC, Morgan Stanley, Deutsche Bank and UBS. However, while the banks may have made no formal announcements of evacuations, there has been plenty of anecdotal ... Griffiths, was quoted by Building Design as calling for RMJM to be 'rebuilt by new owners'. The magazine goes on to say that Morrison intends to restructure the Hong Kong office. ...

  6. HSBC plays down its role in minibond sales

    Posted Dec 31st 2008, 12:00am by Joyce Man

    ... Joyce Man HSBC yesterday played down its role in the minibonds issue, stressing that as the director of the issuing entity, its responsibilities were merely administrative. The bank was responding to a recent disclosure that it was the director in addition to being the trustee of Pacific Finance International, which issued the minibonds. HSBC US is the trustee of the minibonds ...

  7. HSBC chief says worst of downturn is over

    Posted Nov 11th 2009, 12:00am by Staff Reporter

    ... Maria Chan and Neil Gough HSBC Holdings executives said yesterday conditions were improving at the bank and in the world economy. Group chief executive Michael Geoghegan said the worst ... years, showed signs of improvement, HSBC said. Total loan loss provisions declined in the third quarter from earlier in the year and were at their lowest quarterly level since the second quarter ...

  8. HSBC boosts presence with more village banks

    Posted Aug 31st 2009, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai HSBC Holdings, the parent of Hongkong & Shanghai Banking Corp, plans to open two more 'village banks' on the mainland this year as it tries ... operated by HSBC in the country's rural districts to seven, the biggest such network of all overseas lenders, Mr Yorke said. Foreign-funded village banks are separately incorporated legal ...

  9. HSBC plans 2b yuan bond sale for retail investors

    Posted Aug 05th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu and Maria Chan HSBC Holdings' mainland unit plans to sell as much as 2 billion yuan (HK$2.27 billion) worth of yuan bonds to retail investors from August 18 to September 4, ... Bank's retail yuan bond at 2.45 per cent and may match Bank of East Asia's yuan bond priced at a coupon rate of 2.8 per cent per year. HSBC in June became the first lender to float a yuan ...

  10. PCCW, Telstra settle Reach debt

    Posted Jun 18th 2004, 12:00am by Staff Reporter

    ... to their undersea cable joint venture for just $311 million, which should put the operation on a firmer financial footing. Reach lenders, including HSBC, ANZ Bank and Barclays, will receive 25.9 cents ... in the industry. The equal joint venture borrowed US$1.5 billion from banks. Last year, the lenders agreed to restructure the loans in return for an immediate repayment of US$300 million. With the previous ...




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