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  1. Comment - Insight & Opinion

    Lessons learned bode well for Asian business

    Posted Dec 24th 2012, 12:00am by HSBC

    ... in the chain. HSBC has noticed much keener demand for banking solutions that promote connectivity between companies, between countries and between regions. The preference for connectivity has been ... the past year, but despite these difficulties and the slowdown in China, we are seeing green shoots of a cautious optimism beginning to emerge. Noel Quinn is HSBC's regional head of commercial ...

  2. Business - Banking & Finance - JOB LOSSES

    HSBC to cut 14,000 staff worldwide in cost-cutting push

    Posted May 15th 2013, 01:35pm by KANIS LI

    ... Kanis Li kanis.li@scmp.com HSBC to cut 14,000 staff worldwide HSBC will slash 14,000 more jobs worldwide to save an extra US$2-to-US$3 billion in costs by 2016 as the bank strives ... despite US$4 billion of annualised cost savings already made. Gulliver, who unveiled the plan at a presentation at the bank's London headquarters, has been streamlining HSBC since he ...

  3. News - Business - FINANCE

    HSBC cards no longer work in many overseas ATMs

    Posted May 12th 2013, 12:00am by John Carney

    ... John Carney john.carney@scmp.com Customers going abroad complain of trouble getting hold of their money and blame bank's decision to link up to a single global network HSBC ATM cards less usable overseas HSBC customers have complained the bank has made it more difficult to draw out money abroad. Many on business trips or holidays have said they were unable to get ...

  4. Business - Banking & Finance - MR. SHANGKONG

    For HSBC, the first love is apparently not the deepest

    Posted May 20th 2013, 12:00am by George Chen

    ... George Chen george.chen@scmp.com Bank of Shanghai may have been HSBC's original mainland partner, but Stuart Gulliver seems happy to snub it for a more recent tie-up For HSBC, the first love is apparently not the deepest Remember that old saying: in business, there are no friends, no enemies, but only "interests"? Well, last week, HSBC's chief executive, ...

  5. Business - Money

    HSBC: The hardly serious banking corporation

    Posted Apr 10th 2013, 09:29am by Anna Healy Fenton

    ... Anna Healy Fenton anna.fenton@scmp.com It seemed simple. Pop into HSBC on a visit to England – it’s “The world’s local bank,” - and check my account. I poked my HSBC card into the Taunton HSBC ATM and got my balance, but no option for mini-statement to show recent transactions. Inside the helpful branch manager, Ivan, ushered me to a different machine – but still only ...

  6. Business - Banking & Finance - MR SHANGKONG

    HSBC's Gulliver becomes poster boy for Brobdingnagian bonuses

    Posted Mar 11th 2013, 12:00am by George Chen

    ... George Chen News of HSBC chief's fat pay cheque put him in the spotlight as politicians and the public debated restricting the maximum size of bankers' bonuses Gulliver becomes poster boy for Brobdingnagian bonuses Let's talk about money. HSBC just announced disappointing results for 2012, a year full of bad news for the global bank founded in Hong Kong ...

  7. Business - Banking & Finance - BANKING

    HSBC appoints anti-crime advisers

    Posted Jan 31st 2013, 12:00am by BLOOM

    ... Bloomberg in London HSBC appoints anti-crime advisers HSBC, Europe's largest bank by value, has named former British tax chief Dave Hartnett to advise a new board committee created ... States, and former British diplomat Nick Fishwick will also advise the bank, London-based HSBC said in a statement yesterday. Chief executive Stuart Gulliver's attempts to reduce costs ...

  8. Business - Money

    HSBC says in talks to sell Ping An stake but no deal yet

    Posted Nov 19th 2012, 12:35pm by George Chen

    ... George Chen george.chen@scmp.com HSBC has from time to time received approaches regarding its shareholding and such discussions may or may not lead to the sale of the shares, the bank says For HSBC, to sell or not to sell its valuable holdings in Ping An Insurance, China's No 2 life insurer, is now apparently not a question. The more burning question for HSBC may be to sell ...

  9. Business - Banking & Finance - BANKING

    Factbox of HSBC money laundering probes

    Posted Sep 26th 2012, 12:38pm

    ... HSBC Holdings has been investigated by 11 US law enforcement agencies or regulators, and a US Senate panel for lapses in policing illicit financial transactions. Fines, penalties ... that spawned a broader look at HSBC, leading the prosecutor to believe the bank had conducted “criminal money laundering activities.” The probe is supported by two Treasury Department agencies: ...

  10. HSBC's latest rise shows mortgage rates may be normalising

    Posted Sep 17th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com With HSBC planning to raise mortgage interest rates for the fifth time this year, charges for home loans appear to be returning to their historic levels, analysts say. Other banks may follow HSBC's lead, said Sharmaine Lau Yuen-yuen, chief economist at mReferral Mortgage Brokerage Services. HSBC will raise its mortgage rate based on the Hibor, ...




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