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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.

LAI SEE

HSBC to end UnionPay chaos with a new Plus ATM card

15 Jun 2013

We hear there is light at the end of the tunnel for HSBC customers who have suffered dismay and distress when, on arriving in foreign parts, they weren't able to use their ATM card to withdraw...

4:16AM

8 comments

Customers say HSBC has turned the clock back 20 years

14 Jun 2013

We continue to receive complaints about HSBC's new ATM card, which, because it no longer uses the Plus payment network, has left many customers marooned in foreign parts with no access to cash.

3:49AM

14 comments

HSBC customer confusion continues

13 Jun 2013

Check your HSBC ATM card - chances are it says UnionPay on the back, where is used to have Cirrus and Plus. I suspect the unlucky folks at the World's Local Bank who have to implement the new...

9:58PM

Letters to the Editor, June 7, 2013

7 Jun 2013

Equality at stake in college DSS proposal

I would like to express my opinion on the proposal by St Stephen's Girls' College [and St Stephen's Girls' Primary School] to join the Education...

1:12AM

2 comments

HSBC apologises for UnionPay ATM-card fiasco in Hong Kong

7 Jun 2013

Ever since HSBC started sending out its new ATM cards with an embedded chip, internet chat rooms and our own organ's letters page have been humming with disgruntled HSBC customer complaints.

11:57AM

7 comments

New York sues HSBC for breaking foreclosure law

5 Jun 2013

New York attorney general Eric Schneiderman yesterday filed a suit against HSBC Holdings, accusing the bank of breaking state foreclosure law and putting homeowners at greater risk of losing their...

4:05AM

Opinion

Jake Van Der Kamp

China keeping its edge despite grim talk

3:53AM

Howard Winn

If StanChart doesn't want us, why keep inviting us?

2 comments

3:53AM

Letters to the Editor, June 4, 2013

Very proud of collective memories

I was born and bred in Hong Kong and, like most people living all over the world, I have great affection for my home, its people and culture.

1:58AM

8 comments

HSBC customer dismayed by tax treatment of Swiss dividends

We are saddened to bring to your attention another case of an unhappy HSBC customer. This tale is set against the background of the double tax treaty between Switzerland and Hong Kong that came...

3:57AM

2 comments

British banks cut 189,000 jobs, take staff numbers to nine-year low

Britain's four biggest banks will have eliminated about 189,000 jobs by the end of this year from their peak staffing levels, bringing employment to a nine-year low amid a dearth of revenue. More...

2:51AM

JAKE'S VIEW

Mr Gullible presents a distorted picture

I have had an aversion to meetings that begin with videos ever since Shui On chairman Vincent Lo Hong-sui forced a group of investment managers I was leading around town years ago to sit through...

3:14AM

2 comments

MARKETS

HSBC, Standard Chartered sell yuan bonds in Singapore

HSBC Holdings and Standard Chartered sold 1.5 billion yuan (HK$1.9 billion) worth of notes in Singapore yesterday in the first dim sum bond issuances since yuan-clearing became available in the...

3:05AM

BANKING

HSBC pledges tax haven cutback at annual meeting

HSBC pledged to cut its activities in tax havens and further tighten compliance procedures, under a barrage of complaints about past misdeeds from shareholders at the bank's annual general meeting...

4:47AM