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  1. Ex-HSBC manager called before Senate an HK veteran

    Posted Jul 22nd 2012, 12:00am

    ... Niall Fraser niall.fraser@scmp.com A former top executive of HSBC who told a United States senate hearing of his 'pain and embarrassment'' at the bank becoming ... was spent in Hong Kong and Asia before he moved to the US in 2001 - Lok stepped down in 2009 as HSBC global head of banknotes after it became apparent that problems existed in the bank's ...

  2. HSBC can't avoid Senate's rocket-propelled grenade

    Posted Jul 31st 2012, 12:00am

    ... The British Bank of the Middle East has long since been rebranded as HSBC, and these days the risks of operating around the world are different. But as HSBC is discovering, although today's ... of US$8.44 billion, down from US$9.22 billion for the same period last year: a decline of 8.4 per cent. HSBC's earnings fell in part because the bank was forced to set aside US$700 million ...

  3. HSBC's unhappy hunting ground

    Posted Jul 23rd 2012, 12:00am

    ... To its many Hong Kong shareholders and customers HSBC remains their bank and a pillar of society, even if its identity has now been globalised. They would have been dismayed, therefore, with the blemished image that emerged from Washington last week. The US has not been a happy hunting ground for HSBC, after a disastrous venture into subprime consumer loans. Now, the hunter is the hunted. ...

  4. HSBC postpones review on UK relocation

    Posted May 22nd 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com HSBC will indefinitely postpone a review on the relocation of its headquarters because of regulatory uncertainties, chief executive Stuart Gulliver said ... of being headquartered in Britain still outweighed the disadvantages of not moving. The bank's retail business in Britain was still a 'brilliant operation', but HSBC would keep ...

  5. Mainland couple sue HSBC over US$5 million loss

    Posted May 24th 2012, 12:00am

    ... Austin Chiu austin.chiu@scmp.com A mainland businessman and his wife are suing HSBC's Swiss private banking unit after losing more than US$5 million on high-risk investment products. ... be huge if it falls. Equity-linked notes are linked to the performance of stocks. The couple say in the writ that they visited the Hong Kong office of HSBC Private Bank (Suisse) in March 2007, ...

  6. HSBC woos SMEs as loan growth slows

    Posted Apr 14th 2012, 12:00am

    ... Anita Lam Anita.lam@scmp.com HSBC is offering free business information and tips to small and medium-sized enterprises worldwide in a bid to draw more loan applications ahead ... According to HSBC, global trade is expected to double in value in the next decade to US$33 trillion, while Hong Kong's trade is forecast to enjoy average growth of 4.47 per cent a year between ...

  7. Worst is 'almost over for HSBC in HK'

    Posted Feb 28th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com HSBC says the worst is nearly over for the bank's operations in Hong Kong, as its restructuring plans in the city are to be wrapped up by the end ... while HSBC was cutting staff in Hong Kong, it was also hiring here. The net effect was that the head count in the city dropped by around 180. HSBC is one of the city's largest employers, ...

  8. 100 HSBC staff fired as part of bigger cull

    Posted Feb 10th 2012, 12:00am

    ... Ng Kang-chung kc.ng@scmp.com About 100 HSBC workers were fired yesterday in what is believed to be the latest round of sackings that could see up to 3,000 jobs disappear. Many were from the information technology and private banking units and included staff at the managerial and frontline levels. Unionists accused the bank of a lack of social responsibility and urged HSBC staff ...

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

    Posted Jan 20th 2012, 12:00am

    ... Ng Kang-chung and Lulu Chen HSBC employees are planning a 'sick-leave protest' next week after a rumour made the rounds that the bank will sack up to 1,000 people after the Lunar New Year holiday. An online campaign is calling for HSBC staff to phone in sick next Thursday, when the bank reopens for business after a three-day break. The brewing labour dispute comes ...

  10. Poor earnings push HSBC shares into 9.1pc tumble

    Posted Nov 11th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Short-sellers swooped on HSBC yesterday, sending its shares into their steepest decline since March 2009 as the market reacted to disappointing third quarter earnings and uncertain outlooks for Europe and the global economy. HSBC accounted for almost 10 per cent, or HK$672.8 million, of the short-sell turnover value in Hong Kong yesterday, making ...




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