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  1. HSBC's Chinese chief sits easily in new role

    Posted May 26th 2005, 12:00am by Dennis Eng

    ... Dennis Eng Vincent Cheng Hoi-chuen returned to familiar territory yesterday after a seven-year hiatus when he reported to work for the first time as chairman of Hong Kong's biggest bank. Looking relaxed as he walked into the Hongkong and Shanghai Ban ...

  2. HSBC record profit fails to impress HSBC record profit fails to wow traders

    Posted Mar 01st 2005, 12:00am by Louis Beckerling

    ... Louis Beckerling Despite annual earnings of $92.2 billion, investors express concern about slowing growth at world's second-largest lender HSBC shares were marked down sharply ... and excluding goodwill amortisation, foreign exchange translations and the effect of provisions, HSBC earnings rose US$5.03 billion, or 35 per cent year on year, to US$19.43 billion. A little more than ...

  3. Earnings jump 33pc at HSBC Finance

    Posted May 17th 2005, 12:00am by Staff Reporter

    ... Foster Wong A jump in lending and a fall in bad loan provisions helped first-quarter earnings at HSBC Holdings' consumer finance unit in the United States surge 33 per cent from a year ago. The result eased some market concerns that HSBC would face a negative impact from further US interest-rate increases on margins at HSBC Finance Corp, bought for US$14.2 billion two ...

  4. HSBC spreads financial wisdom

    Posted Jul 22nd 2005, 12:00am by Daleena Samara

    ... was part of HSBC's Investment Awareness Campaign to educate the public about the professional wealth management services offered by the bank. The campaign, launched last October under ... and yield-enhancing investment products,' said Lucia Ku, HSBC's head of customer acquisition and segments, personal financial services. These market conditions had prompted many financial ...

  5. New rules pull profit down 5pc at HSBC

    Posted Jul 06th 2005, 12:00am by Staff Reporter

    ... Fiona Lau HSBC Holdings said yesterday its profit last year was 5.4 per cent lower under new International Financial Reporting Standards (IFRS). Under IFRS and excluding goodwill amortisation, HSBC's profit last year was restated to US$12.91 billion, down from US$13.65 billion under British rules. The restated earnings per share excluding goodwill amortisation was US$1.18. ...

  6. Employees at HSBC go the extra mile

    Posted Jun 03rd 2005, 12:00am by Victoria Button

    ... Reports by Victoria Button A combination of skill, teamwork and the drive to succeed put these go-getters ahead of the rest THE AWARD-WINNING sales team from HSBC includes a young ... winning childish grin to close deals. Ms Yuen, an Outstanding Young Salesperson Award winner, is now a financial planning manager for HSBC in Central. And her sales skills are considerably more ...

  7. HSBC should toe the line on interest rates, says Li

    Posted Apr 09th 2005, 12:00am by Staff Reporter

    ... Kelvin Wong HSBC risks losing customers if it does not follow smaller competitors in raising savings deposit interest rates in the next two to three weeks, says a senior banker. David Li Kwok-po, the chairman and chief executive of Bank of East Asia, said he expected Hong Kong's largest bank would raise its prime lending and savings rates in line with the market. HSBC ...

  8. HSBC downplays chances of mass redeployment

    Posted Aug 03rd 2005, 12:00am by Staff Reporter

    ... Maria Chan A fiercely competitive environment for banks in Hong Kong means cost-saving measures- and hence job relocation- are always likely to be high on the agenda for HSBC Holdings, parent of the city's largest lender, the Hongkong and Shanghai Banking Corp. But further large-scale relocations of Hong Kong posts are unlikely, according to HSBC chairman Vincent Cheng ...

  9. HSBC holds out as three more lenders raise rates

    Posted Jul 21st 2005, 12:00am by Enoch Yiu

    ... Enoch Yiu Three more banks are raising prime lending rates to 6.5 per cent from today- leaving HSBC as the only lender with prime still at 6.25 per cent. Bankers believe interest rates ... An HSBC spokesman said the bank was still considering whether to increase its rates. With a prime rate of 6.5 per cent, mortgage borrowers are now paying about 4.5 per cent interest ...

  10. HSBC launches cheapest fixed mortgage

    Posted Sep 15th 2005, 12:00am by Staff Reporter

    ... Maria Chan HSBC has unveiled a new fixed-rate mortgage for residential homebuyers at a rate of 4.5 per cent for home loans of more than $1 million- the lowest in the market. It will apply ... personal financial services at HSBC, said the loan offered homebuyers insurance against rising interest rates. 'With rates on an upward swing, fixed rate mortgages provide homebuyers ...




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