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  1. HSBC shifts focus in sale of NZ home loan business

    Posted Feb 16th 2007, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings said it planned to sell its New Zealand home-loan business bought four years ago to focus on its self-generated mortgage business. HSBC New Zealand, a unit ... value of NZ$720 million (HK$3.9 billion) as of January 18. HSBC acquired these mortgages when it bought AMP's retailing banking unit in 2003 for about US$497 million. HSBC will keep most ...

    http://www.scmp.com/article/582163/hsbc-shifts-focus-sale-nz-home-loan-business
  2. HSBC sells London base for GBP1.09b

    Posted May 01st 2007, 12:00am by Staff Reporter

    ... Maria Chan HSBC Holdings, the world's fourth-largest lender by market value, has agreed to sell its London headquarters building for GBP1.09 billion (HK$16.99 billion), the largest ... property company in Spain. In the agreement, HSBC will lease the building for 20 years at an annual rent of GBP43.5 million, with an option to extend for a further five years. The lender said ...

    http://www.scmp.com/article/591081/hsbc-sells-london-base-gbp109b
  3. HSBC accused of undervaluing subprime mortgage bonds

    Posted Oct 20th 2007, 12:00am by Staff Reporter

    ... HSBC Holdings is being sued by a US real estate fund for allegedly deliberately undervaluing the market price of several subprime mortgage bonds, the Wall Street Journal reported yesterday. The lawsuit was filed on Thursday by Luminent Mortgage Capital, a San Francisco firm that invests in residential mortgage securities. It claims that London-based HSBC's New York ...

    http://www.scmp.com/article/612221/hsbc-accused-undervaluing-subprime-mortgage-bonds
  4. HSBC warned on shares for top executives

    Posted Nov 24th 2007, 12:00am by Staff Reporter

    ... Maria Chan and Natalie Chiu Activist investment firm Knight Vinke Asset Management has accused HSBC Holdings of possibly misleading its shareholders over a share plan for its senior executives. New York-based Knight Vinke, which owns less than 1 per cent of HSBC, questioned a plan that the bank introduced in 2005 to award shares to its senior executives for meeting ...

    http://www.scmp.com/article/616897/hsbc-warned-shares-top-executives
  5. HSBC heats up regional game with KEB stake

    Posted Sep 04th 2007, 12:00am by Staff Reporter

    ... UK giant holds on to No1 position in Asia with 51pc of Korean bank HSBC Holdings, the world's fourth-largest bank by market value, is expanding in Asia, agreeing yesterday to buy 51.02 per cent of Korea Exchange Bank for about US$6.32 billion. '[The deal will] provide HSBC with a significant presence in Asia's third-largest economy and reinforce our position ...

    http://www.scmp.com/article/606618/hsbc-heats-regional-game-keb-stake
  6. Knight Vinke urges HSBC to rethink global expansion strategy

    Posted Sep 11th 2007, 12:00am by Staff Reporter

    ... HSBC Holdings' shares could rise substantially if the lender adopted a more focused strategy instead of expanding into every market, according to activist investment firm Knight Vinke Asset Management. New York-based Knight Vinke, which owns less than 1 per cent of HSBC, suggested that HSBC consolidate its position in India or buy the rest of Hang Seng Bank, its Hong Kong ...

    http://www.scmp.com/article/607488/knight-vinke-urges-hsbc-rethink-global-expansion-strategy
  7. HSBC tumbles on subprime worries

    Posted Nov 13th 2007, 12:00am by Staff Reporter

    ... Maria Chan Shares of HSBC Holdings, the world's fourth-largest lender, fell yesterday to an almost three-month low amid concerns its US unit will have to make larger loan-loss ... at the HK$130 level,' said Ben Kwong Man-bun, the chief operating officer at KGI Securities. Analysts expected HSBC Finance, which is scheduled to announce its third-quarter results tomorrow, ...

    http://www.scmp.com/article/615370/hsbc-tumbles-subprime-worries
  8. HSBC may book US$7b more of subprime charges

    Posted Nov 16th 2007, 12:00am by Staff Reporter

    ... Natalie Chiu HSBC Holdings' subprime woes could worsen, according to analysts who expect the bank to require some US$7 billion of additional impairment charges in the next few months. ... of financial institutions for Asia. The lender was the first to tackle the subprime mortgage problem when it made a US$2.1 billion provision in its accounts last year. HSBC Finance, its consumer ...

    http://www.scmp.com/article/615796/hsbc-may-book-us7b-more-subprime-charges
  9. HSBC sets aside US$3.4b to cover problem loans

    Posted Nov 15th 2007, 12:00am by Staff Reporter

    ... Natalie Chiu HSBC Holdings, the world's fourth-largest lender by market value, set aside US$3.4 billion against impairment charges in the third quarter for its United States consumer ... 'Deterioration in the US housing market is affecting consumer finance credit quality more broadly than hitherto and loan impairment charges are expected to remain high in these conditions,' HSBC ...

    http://www.scmp.com/article/615604/hsbc-sets-aside-us34b-cover-problem-loans
  10. HSBC braces for US credit turmoil fallout

    Posted Oct 16th 2007, 12:00am by Staff Reporter

    ... Natalie Chiu The US subprime lending woes that roiled global markets earlier this year were far from over, said Sandy Flockhart, HSBC Asia Pacific chief and global head of commercial ... is completely behind the market.' Citigroup, which last week revealed US$6.5 billion of debt-trading and loan losses, yesterday said third-quarter profit fell 57 per cent. Shares of HSBC yesterday ...

    http://www.scmp.com/article/611800/hsbc-braces-us-credit-turmoil-fallout

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