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  • October 21, 2014
  • Last updated: 5:22am
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  1. Business - Banking & Finance - BANKING

    HSBC shares set to fall in Hong Kong after profits miss forecasts

    Posted Aug 05th 2013, 11:18pm by NICK EDWARDS

    ... Nick Edwards nick.edwards@scmp.com Analysts say slowdown in key growth markets risks further restraining earnings growth HSBC shares set to fall after profit misses forecasts Asian investors are poised to sell HSBC stock when Hong Kong markets open this morning, despite an insistence from the global banking giant that its restructuring efforts remain firmly on track ...

  2. Sport - Hong Kong

    Timothy Tang eyes fresh kick-start to flagging fortunes

    Posted Oct 16th 2014, 11:19pm by Alvin Sallay

    ... an amateur. "I did think of turning pro a long time ago, but the reality is I'm not good enough," said the 32-year-old Staunton who took up a job with HSBC. He looked the part early ...

  3. Business - Companies - CURRENCIES

    Soaring greenback poses earnings threat to US companies

    Posted Oct 07th 2014, 12:14pm by Reuters

    ... rates, according to KPMG. Amid the increasingly crowded playing field, prices have jumped more than 10 per cent since January, HSBC data shows. "Investors are flocking to Europe because ... as co-head of HSBC's credit situations group in London. "The market for non-core and distressed assets has become more competitive," Murphy said. "The trend towards selling ...

  4. Business - Money - CREDIT

    Funds rush into Europe's distressed assets market

    Posted Oct 07th 2014, 09:55am by Bloomberg

    ... managers seek to boost returns in a world of record-low interest rates, according to KPMG. Amid the increasingly crowded playing field, prices have jumped more than 10 per cent since January, HSBC ... said Dermot Murphy, who trades distressed debt as co-head of HSBC's credit situations group in London. "The market for non-core and distressed assets has become more ...

  5. Business - Economy - CURRENCIES

    Pound traders braced for more political turbulence

    Posted Oct 21st 2014, 04:56am by Bloomberg

    ... for the pound, said David Bloom, the global head of currency strategy at HSBC Holdings. A measure of anticipated price swings in the pound during the next 12 months has jumped since October 9, when ...

  6. Business - Banking & Finance - THE VIEW

    China speeds up transformation of yuan into global currency after crisis

    Posted Oct 20th 2014, 09:26am by Cathy Holcombe

    ... the yuan will in fact ever seriously rival the US dollar as a global reserve currency. Rather, says HSBC, "as the [yuan] gains traction, it will pave the way for a multiple global reserve ...

  7. Business - Money

    HSBC to refund credit card cash withdrawal fees for UnionPay card users

    Posted Jun 22nd 2013, 02:24am by Anna Healy Fenton

    ... customer complaints, HSBC has agreed to refund the fees if you have no option but to use your credit card to get cash overseas. To recap on the ongoing saga of HSBC’s change to chip ATM cards, the bank has finally given me answers. HSBC switched from the globally accepted Cirrus and Plus clearing systems – the symbols on the back of your plastic cards – to the cheaper, China-based ...

  8. Business - Banking & Finance - BANKING

    Shanghai's plans won't affect Hong Kong, HSBC says

    Posted Jul 10th 2013, 12:00am by KANIS LI

    ... Chief Anita Fung sees no threat to city from free-trade zone and is keen for bank to move in The chief executive of HSBC's Hong Kong office, Anita Fung Yuen-mei, said yesterday ... in the new zone, saying HSBC would definitely consider participating when more details were unveiled. Premier Li Keqiang had approved a milestone plan to allow foreign banks to directly set up wholly ...

  9. Business - Money - MYSTERY SHOPPER

    When 5 years becomes 10

    Posted Jul 15th 2013, 12:38am by Nicky Burridge

    ... HSBC suggests investment-linked assurance scheme even after client says she does not want insurance The South China Morning Post is conducting a mystery shopping series to test the quality of the financial advice offered by banks. This week we visit HSBC. As in previous exercises, our reporter poses as a 37-year-old expatriate mother of two who wants to invest HK$10,000 a month in a pension. ...

  10. Business - Banking & Finance

    BlackRock says executive turned down RBS offer

    Posted Jul 24th 2013, 10:26am by Reuters

    ... BlackRock said its head of Asia Pacific operations, Mark McCombe, has rejected an offer to take the top job at Royal Bank of Scotland Group and will remain with the world’s largest fund manager. The Financial Times cited sources on Tuesday saying that McCombe, a former head of HSBC Holdings’ Hong Kong operations, had emerged as the external frontrunner for the position of RBS ...




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