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.

BRIEFS

Briefs, March 3, 2013

3 Mar 2013

Britain's Queen Elizabeth is recovering after coming down with a stomach bug that forced the cancellation of a royal engagement. The 86-year-old monarch yesterday cancelled a visit to Swansea,...

HSBC suffers the Taibbi treatment in Rolling Stone

2 Mar 2013

Matt Taibbi, the man who famously described Goldman Sachs as "a great vampire squid wrapped around the face of humanity", has turned his attention to HSBC in the latest edition of Rolling Stone...

2 comments

Sports Digest, February 27, 2013

27 Feb 2013

The political turf war between the Asian Tour and rival OneAsia has created a messy environment that has ruled out the involvement of global golf sponsor HSBC, the bank's head of sponsorship Giles...

Business Digest, February 20, 2013

20 Feb 2013

HSBC has agreed to sell HSBC Bank (Panama) to Bancolombia - the largest commercial bank in Colombia - for US$2.1 billion in cash.

Macau casinos' shares fall on lower Lunar New Year revenue

20 Feb 2013

Macau casino shares dropped steeply on Tuesday in response to a report from HSBC Global Research that gaming revenues failed to reach its projections for the first 17 days of this month. Shares in...

Opinion

Jake Van Der Kamp

An age-old problem and the sums that just don't add up

Howard Winn

HSBC suffers the Taibbi treatment in Rolling Stone

Shirley Yam

How tycoons' IPO 'losses' may hide profits at herd's expense

British PM Cameron on India trade trip amid graft scandal

British Prime Minister David Cameron arrives in India on Monday to try to win new investment in the face of fierce global competition as a scandal engulfs an Anglo-Italian helicopter deal.

Still too much murkiness around the details of the Ping An deal

So, the Thailand tycoon Dhanin Chearavanont has finally paid up for the Ping An Insurance stake and the mainland regulator has approved the sale.

Every party, in particular HSBC, may very...

Self-criticism session for top HSBC bankers

HSBC's head honchos, chairman Douglas Flint and chief executive Stuart Gulliver, submitted themselves to humiliating self-criticism recently in Britain's parliament.

Ping An, HSBC shares set to take off

Shares of HSBC and Ping An Insurance are expected to rise today on the back of bullish equity market sentiment, and news that mainland regulators have approved HSBC's US$7.4 billion sale of its...

Wily Thai tycoon wins battle over Ping An stake

The mainland regulator has approved the sale of HSBC's remaining US$7.4 billion stake in Ping An Insurance, which had appeared to be on the brink of collapse after weeks of raging speculation.

DEALS

D-day for HSBC's sale of stake in Ping An

Views on whether the second part of the transaction, worth about US$7.4 billion, can be completed are divided after several dramatic turns of events, including the transfer out of Hong Kong the...