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  1. 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 ...

  2. Bocom taps Galaxy for landmark share issue

    Posted Sep 02nd 2004, 12:00am by Staff Reporter

    ... pressure from various government ministries to involve two managers in addition to Goldman Sachs- which has been advising the bank on restructuring before the listing- and HSBC. Deutsche Bank ... fifth-largest lender would choose an A-share listing in addition to its overseas offering. Goldman Sachs and HSBC will lead-manage the planned Hong Kong portion of the Bocom share offering. A plan ...

  3. HSBC staff plan to take sick leave in job protest

    Posted Jan 20th 2012, 12:00am

    ... of the 550 HSBC employees interviewed said they had suffered from anxiety since the bank announced a global restructuring plan last year. Eighty-five per cent said they would not be able to make ends ... and back-office positions hit the hardest. In a brief statement yesterday, HSBC said it noted the results of the survey. On its global restructuring plan, the bank said: 'We know this is stressful ...

  4. 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 ...

  5. 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 ...

  6. Business - Banking & Finance - EARNINGS

    HSBC expects to increase dividend

    Posted May 20th 2014, 12:56am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com HSBC expects to increase dividend HSBC Holdings says it will pay a higher dividend this year, allaying shareholders' concerns that its payout will remain ... or higher than the previous year, based on what we know today," chief executive Stuart Gulliver told shareholders at an informal meeting in Hong Kong yesterday. HSBC has been a consistent ...

  7. 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 ...

  8. 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 ...

  9. Wong banks on Asia-Pacific growth prospects

    Posted Dec 07th 2009, 12:00am by Enoch Yiu

    ... at a rapid pace. In a restructuring announced in September last year, HSBC said that in line with the emergence of Asia-Pacific as the group's 'largest and most important region', ... Maria Chan and Enoch Yiu The Asia-Pacific region would continue to be a key contributor to the earnings of global banking group HSBC, forecast Peter Wong Tung-shun, who takes over ...

  10. In Brief

    Posted Feb 03rd 2004, 12:00am by Staff Reporter

    ... Magic score seeks damages from HSBC Magic Score is seeking $500 million in damages after claiming HSBC breached its fiduciary duties during a 1983 restructuring scheme. The Court of First Instance was told yesterday the bank also failed to acknowledge and rectify a $30 million mistake it made in relation to Magic Score's accounts. The trial continues before Mr Justice William ...




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