HSBC

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. 

Whither the global trade bank: Standard Chartered, HSBC and slow GDP

In the first half, income growth in HSBC's global trade and receivables finance businesses fell 0.4 per cent to US$1.22 billion. Photo: Bloomberg

HSBC Holdings and Standard Chartered have underpinned their expansion into emerging markets on similar expectations: that those economies would boom and trade would flourish.

Sunday, 9 August, 2015, 10:58pm

HSBC profits boom on the back of Asian growth

HSBC profits boom on the back of Asian growth

HSBC reports second-quarter earnings, reporting a 10% rise year-on-year. (Photo: Reuters) 

3 Aug 2015 - 6:16pm

HSBC to sell Brazil unit for US$5.2 billion, H1 profits climb 10 per cent

A woman walks past the HSBC logo in Hong Kong as the lender announces its results on Monday. Photo: AFP

HSBC Holdings posted strong earnings for the first half of the year on Monday while also disclosing an agreement to sell its entire business in Brazil to Banco Bradesco for US$5.2 billion.

3 Aug 2015 - 6:18pm

Bank sackings

Bank sackings

8 Jul 2015 - 11:22pm

HSBC fires six for performing mock ‘Islamic State’ execution as team-building exercise

An image from The Sun's website, showing the video of HSBC staff performing a mock execution.

HSBC has fired six staff in Britain after they performed a mock Islamic State-style execution of an Asian colleague during a team-building day out and posted footage online, a spokesman confirmed.

7 Jul 2015 - 3:52pm 13 comments

HSBC and StanChart among 15 banks probed for rigging Brazilian currency

The logos of Standard Chartered and HSBC in Hong Kong. Both lenders are part of a group of 15 banks being investigated by Brazil for manipulating its currency. Photo: Sam Tsang

Fifteen of the world’s largest banks are under investigation on suspicion of rigging the Brazilian currency, antitrust watchdog Cade said, the first such probe in one of the busiest foreign-exchange markets globally.

3 Jul 2015 - 6:24pm

HSBC ends tie-up with Markit to produce key China index

HSBC says the co-operation with Markit to produce the closely watched index was a success but said the bank was moving to developing other opportunities. Photo: Reuters

HSBC has ended its marketing tie-up with financial information firm Markit Ltd to produce the China Purchasing Managers Index (PMI), an HSBC spokesperson in Shanghai said.

The spokesperson described the co-operation with Markit to produce the closely watched index as a success but said that HSBC was moving to developing other opportunities.

26 Jun 2015 - 12:33pm

HSBC still finding its way on latest capital-raising rules

HSBC faces challenges in meeting loss requirements. Photo: AFP

HSBC Holdings' head of global regulation said a major question mark is still hanging over efforts to raise loss-absorbing capital that will make it compliant with the latest wave of global regulation by the close of 2018.

18 Jun 2015 - 12:09pm

HSBC to shed up to 25,000 jobs and refocus efforts in Asia

HSBC to shed up to 25,000 jobs and refocus efforts in Asia

HSBC will shed almost 25,000 jobs and take an axe to its investment bank, cutting the assets of Europe's biggest lender by a quarter in a bid to simplify and improve its sluggish performance. (Photo: EPA) 

10 Jun 2015 - 12:18pm

Hong Kong workers spared as HSBC cuts 25,000 jobs worldwide

HSBC says there will be no job cuts in Hong Kong. Photo: AP

Hong Kong heads will not roll as HSBC Holdings slashes up to 25,000 jobs worldwide and sells off its troubled operations in Turkey and Brazil.

Instead, as the bank slims down on assets in many markets worldwide, the Pearl River Delta would see a boost in investment, the bank said on Tuesday at a high-profile meeting with investors in London.

10 Jun 2015 - 12:16pm 2 comments

Back to basics

Back to basics

10 Jun 2015 - 9:23am

Banking giant HSBC’s meeting with investors set to underwhelm

HSBC chief executive Stuart Gulliver gives a speech as the banking conglomerate struggles to turn around its flagging fortunes. Photo: Nora Tam

HSBC Holdings can tell investors at a meeting on Tuesday that it plans to slash jobs, hawk off global businesses or even ditch its tax domicile in Britain. But there’s likely little the bank has to share that they don’t see coming.

8 Jun 2015 - 6:06pm

HSBC gets serious

HSBC gets serious

3 Jun 2015 - 9:19am

HSBC shares at lowest in 6 weeks by midday after report bank planning thousands of global job cuts

The HSBC logo is seen lighting up the building of the lender in Hong Kong. Sky News is reporting HSBC may announce thousands of job cuts next week. Photo: EPA

Share prices of global banking giant HSBC were at their lowest level in almost six weeks by midsession in Hong Kong on Tuesday following reports the bank may announce the dismissal of thousands of people next week.

2 Jun 2015 - 12:31pm

Can HSBC break with the past?

Can HSBC break with the past?

22 May 2015 - 10:08pm

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