HSBC

The Hongkong and Shanghai Banking Corporation was founded in Hong Kong on March 3, 1865, and in Shanghai one month later. In 1980, HSBC acquired 51 per cent of Marine Midland Bank, buying the rest in 1987. HSBC Holdings was established in Britain in 1991 as the parent of The Hongkong and Shanghai Banking Corporation ahead of its purchase of the UK-based Midland Bank and the impending 1997 transfer of sovereignty of Hong Kong from Britain to China.

REGULATION

Ex-Deutsche Securities trader wins appeal against SFC

22 May 2013

No one will be punished as a result of the investigation into the controversial plunge in HSBC shares in March 2009. The Securities and Futures Appeals Tribunal ruled against a decision by the...

5:25AM

HSBC still set on hiring more Hong Kong staff despite job cuts

21 May 2013

Despite plans by HSBC to cut staff globally by up to 5.5 per cent over the next three years, the bank still intends to hire people in Hong Kong, chief executive Stuart Gulliver told shareholders...

4:09AM

For HSBC, the first love is apparently not the deepest

20 May 2013

Remember that old saying: in business, there are no friends, no enemies, but only "interests"? Well, last week, HSBC's chief executive, Stuart Gulliver, gave the saying fresh meaning when talking...

7:12AM

Letters to the Editor, May 19, 2013

19 May 2013

The future belongs to our children, and every loving parent should want that future to include the biodiversity that we take for granted.

3:55AM

Letters to the Editor, May 16, 2013

16 May 2013

Disruptive filibuster had to be halted

I agree with the decision of Legislative Council president Jasper Tsang Yok-sing to end a filibuster on the budget bill.

2:47AM

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

15 May 2013

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 to revive profits in the face of fragile growth prospects for the industry.

5:48AM

4 comments

Opinion

Tom Holland

Attempts to diversify China's reserves have been a disaster

4:45AM

Howard Winn

China is like the EU; provinces are its member states

5:26AM

Offshore tax havens like Hong Kong contribute to poverty, says ActionAid

The widespread use of offshore tax havens such as Hong Kong by nearly all 100 of the largest British-listed companies, including HSBC and Standard Chartered, may contribute to world poverty and...

4:26AM

2 comments

HSBC boss can do more to cut bank down to size

HSBC’s sale of a stake in a Korean insurer last month was made with little fanfare, just one of 52 deals struck or businesses closed in the last two years by chief executive Stuart Gulliver, and...

2:59PM

HSBC cards no longer work in many overseas ATMs

Many on business trips or holidays have said they were unable to get their hands on their cash from ATM machines.

6:28AM

39 comments

HSBC seeks balance between mobile payments, Hong Kong branch network

The increased popularity of mobile payments in Hong Kong has pushed HSBC to invest in related technology, but the bank said it would not stop expanding its branch network.

5:09AM

LAI SEE

HSBC breaches its deeds by bringing down the shutters

Readers will have been aware that during the recent dock strike, a number of dockers were camped outside the Cheung Kong building in Central, more or less opposite the HSBC headquarters at 1...

5:21AM

BANKING

Spanish court blocks extradition of alleged HSBC data thief

Spain has ruled against extraditing a former HSBC employee who is wanted in Switzerland on charges of stealing data on tens of thousands of bank accounts that a number of European countries have...

2:30AM