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  1. Business - Money

    HSBC finally reinstate Plus ATM card, but the hassle doesn't end

    Posted Oct 25th 2013, 11:05am by Anna Healy Fenton

    ... of frustration as travelling customers discovered that very few countries in the world had “upgraded” as HSBC calls it, their ATMs to take these UnionPay chip cards. HSBC said there were only 10 ... and Australia.  Basically, UnionPay is a China-based system which works well in – China.  Plus and Cirrus system ATM cards work pretty much anywhere. Six months of inconvenience HSBC then tried ...

    http://www.scmp.com/business/money/wealth/article/1339469/hsbc-finally-reinstate-plus-atm-card
  2. Business - Banking & Finance - BANKING

    HSBC tipped for surge in pre-tax earnings

    Posted Oct 31st 2013, 10:49am by KANIS LI

    ... Kanis Li kanis.li@scmp.com While analysts are eyeing US$5.4b for bank's third quarter, they also point to likelihood of raised provisions and a drop in return HSBC tipped for surge in pre-tax earnings Banking giant HSBC is set to report a surge in third-quarter pre-tax profit next week on the back of its fast-growing Asia-Pacific business and increased trade flows. However, ...

    http://www.scmp.com/business/banking-finance/article/1344305/hsbc-tipped-surge-pre-tax-earnings
  3. Business - Banking & Finance - BANKING

    Bocom in reform push for increased private ownership

    Posted Jul 29th 2014, 01:05am by DON WEINLAND

    ... the announcement, made in a filing to the Shanghai exchange. Bocom ownership is already the most diversified of the mainland's top five banks. In 2005, HSBC took a 19.9 per cent stake in Bocom, making ... questions over whether HSBC would increase its stake in Bocom if given a chance. HSBC declined to comment on the topic, saying only that Bocom "continues to be a key strategic partner ...

    http://www.scmp.com/business/banking-finance/article/1561438/bocom-reform-push-increased-private-ownership
  4. Business - Banking & Finance - LAWSUITS

    US court fines HSBC US$2.46 billion over Household International case

    Posted Oct 19th 2013, 03:12am by KANIS LI AND REUTERS

    ... Kanis Li and Reuters kanis.li@scmp.com The bank plans to appeal the verdict that its former unit violated federal securities laws Court hits HSBC with US$2.46b Household fine HSBC has been ... laundering last year. HSBC had made a US$1.7 billion provision related to legal proceedings and regulatory matters in its first-half results. “HSBC has already made some provision on the case ...

    http://www.scmp.com/business/banking-finance/article/1334931/us-court-fines-hsbc-us246-billion-over-household
  5. Business - Economy - Chinese economy

    Growth dips in China services sector, HSBC PMI shows

    Posted May 07th 2014, 10:29am by Reuters

    ... to a seven-month low, a private survey showed yesterday, adding to an increasingly cloudy outlook for the world's second-largest economy. The Markit/HSBC services purchasing managers' index ... a relatively resilient part of the economy, but it is not expanding at a fast enough pace to offset the manufacturing slowdown", said Qu Hongbin, the chief economist for China at HSBC. "We ...

    http://www.scmp.com/business/economy/article/1506460/growth-dips-china-services-sector-hsbc-pmi-shows
  6. News - Hong Kong - PUBLIC EYE

    Apple Daily advertising is no business of Chan's- or is it?

    Posted Jul 30th 2014, 04:16am by Michael Chugani

    ... in the groin. Is that too hard for Anson Chan Fang On-sang to understand? She told the Financial Times Beijing leaned on HSBC and Standard Chartered not to advertise in media tycoon Jimmy Lai ... no evidence of it. But what business is it of hers where banks choose to advertise? We are a free society, aren't we? Isn't Chan a self-appointed champion of free choice? If HSBC ...

    http://www.scmp.com/news/hong-kong/article/1562114/apple-daily-advertising-no-business-chans-or-it
  7. Business - Economy - MANUFACTURING

    China factory sector still losing momentum, HSBC PMI shows

    Posted May 05th 2014, 10:01am by Reuters

    ... Reuters in Beijing HSBC/Markit private survey says the segment contracted for the fourth straight month in April Mainland factory sector still losing momentum: PMI Activity ... The final reading of the HSBC/Markit purchasing managers' index came in at 48.1, lower than a preliminary reading of 48.3 but up slightly from an eight-month low of 48 in March. The figure has ...

    http://www.scmp.com/business/economy/article/1504841/china-factory-sector-still-losing-momentum-hsbc-pmi-shows
  8. News - Hong Kong

    HSBC to make life easier for customers withdrawing cash abroad

    Posted Oct 07th 2013, 10:09pm by Howard Winn

    ... Howard Winn howard.winn@scmp.com The wait is over for HSBC’s long suffering customers who have been unable to withdraw cash in many countries, particularly outside Asia, using their ATM cards. HSBC will announce on Tuesday that customers can start applying for a new ATM card that uses the Plus payment network, which can be used in addition to the bank’s current ATM cards ...

    http://www.scmp.com/news/hong-kong/article/1326680/hsbc-make-life-easier-customers-withdrawing-cash-abroad
  9. Comment - Blogs

    HSBC strikes again as overseas withdrawal problems continue

    Posted Sep 08th 2013, 09:38am by Anna Healy Fenton

    ... from an HSBC ATM machine in Taunton in England. That led to the discovery of two things which have driven HSBC customers nuts this summer: firstly, that the bank had reset everyone’s overseas ... The other thing HSBC did was to ditch Plus and Cirrus in favour of the cheaper mainland China clearing house UnionPay, which operates chiefly in China. And despite the bank’s protestations ...

    http://www.scmp.com/comment/blogs/article/1306100/hsbc-strikes-again-overseas-withdrawal-problems-continue
  10. Business - Commodities - COURTS

    Citic Resources sues Qingdao Port for US$108m compensation

    Posted Jul 29th 2014, 02:34pm by CHIM SAU-WAI

    ... of summons, a notice of response to action and a complaint from Qingdao Maritime Court. Meanwhile, HSBC and ABN Amro Bank sued Chen Jihong, the Singapore national detained on the mainland and said to be at the centre of a probe over whether metals were pledged multiple times as collateral for loans. HSBC asked Singapore's High Court this month to liquidate Chen's Zhong Jun Resources after ...

    http://www.scmp.com/business/commodities/article/1561801/citic-resources-suing-qingdao-port-over-detained-metals

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