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  1. Fall in bad debts lifts Hang Seng's profits

    Posted Mar 01st 2011, 12:00am by Enoch Yiu

    ... Enoch Yiu Hang Seng Bank, one of the largest retail lenders in the city and a subsidiary of HSBC Holdings, reported net profits of HK$14.91 billion last year, up 14.1 per cent from a year earlier. A key driver for the profit growth was a 52 per cent drop in its bad debt charge last year to HK$390 million as an improved economy allowed companies to repay loans and individuals settle ...

  2. HSBC to post 62pc profit growth, analysts say

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

    ... Isabella Steger The worst seems to be over for global lender HSBC Holdings, and its performance is no longer captive of its United States consumer finance business, which has well ... a pre-tax profit of US$8.15 billion, according to a Bloomberg survey, representing a 62 per cent increase year on year. To no one's surprise, HSBC passed the European bank stress tests very ...

  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. Why do HSBC top dogs not share the pain?

    Posted Mar 04th 2010, 12:00am by Staff Reporter

    ... Mention bankers' bonuses these days and many people automatically see red. Given the disappointing full-year results announced by HSBC, the GBP38 million (HK$440 million) pay bonanza ... and an author, Green has rightly denounced this kind of financial parasitism that has given the banking industry a bad name. However, unlike members of the public, HSBC shareholders may not take ...

  5. HSBC rallies on strong forecasts

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

    ... Maria Chan Shares in HSBC Holdings rose 6 per cent to close at HK$94 yesterday for the first time since October last year after analysts raised the bank's target price by between ... that near-term earnings and group net asset value would rise. HSBC said in its management report that loan impairment charges declined in the third quarter from a year earlier and were at their lowest ...

  6. No respite seen for HSBC as StanChart marches on

    Posted Mar 09th 2009, 12:00am by Staff Reporter

    ... Maria Chan Shares of HSBC Holdings and Standard Chartered took off in different directions last week after the London-based lenders reported their results for last year. HSBC posted a worse than expected 70 per cent drop in net profit, while its rival unveiled an enviable 17 per cent jump in earnings. Analysts are still bearish about HSBC's earnings outlook this year ...

  7. Local ties make case for HSBC to come home

    Posted Mar 17th 2009, 12:00am by Enoch Yiu

    ... Enoch Yiu With HSBC Holdings' mega rights issue supported by many Hong Kong investors, maybe it is time for the giant lender to think about moving its headquarters back to the city. ... This is so because many Hong Kong people still believe HSBC is a homegrown success story even though it moved its headquarters to London in 1993 and made Hong Kong only its Asia-Pacific head office. ...

  8. Buy, sell or hold? A step-by-step guide for HSBC shareholders

    Posted Mar 08th 2009, 12:00am by Naomi Rovnick

    ... Naomi Rovnick and Wong Ka-chun Retail investors have a few options in the HSBC rights issue. Because stockbrokers can take about two days to complete trades, investors should decide between these various courses of action by Wednesday. HSBC has set Friday, March 13, as the record date for rights entitlement. Say you want to take up the rights issue but do not have the cash. ...

  9. HSBC on verge of rights issue, report says

    Posted Mar 01st 2009, 12:00am by Nick Westra

    ... Nick Westra HSBC is on the verge of announcing a share sale that could generate more than?12 billion (HK$132 billion) as part of an effort to bolster its balance sheet while the global economy dips deeper into recession. Coming in the form of a rights issue, the fund-raising plan could be unveiled as soon as Monday when HSBC is set to report its earnings from last year, a report ...

  10. Edgy investors await HSBC report

    Posted Mar 02nd 2009, 12:00am by Staff Reporter

    ... Maria Chan All eyes will be on HSBC Holdings today as the banking giant unveils its results for last year and, investors hope, clarifies a range of issues that have sent the stock tumbling ... to raise between US$15 billion and US$35 billion in capital? Bloomberg reported last week that HSBC might raise as much as GBP12 billion (HK$132.1 billion) to bolster capital, while ...




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