HSBC said it was in talks to sell its operations in Colombia, Peru, Uruguay and Paraguay, part of the bank's strategy to streamline operations and dispose of non-core assets under the leadership of chief executive Stuart Gulliver.Friday, 11 May, 2012, 12:00am
A sense of identity rooted in history is an essential element in any institution's or country's long-term success. The great crime of the Communist Party, notably but not exclusively during the Cultural Revolution, was to create a huge chasm between China and its past.18 Mar 2012 - 12:00am
Investors have snubbed HSBC's multibillion-dollar cost-cutting plan, with the announcement failing to push up the price of its long-underperforming shares.
HSBC shares closed at HK$81 on Friday after trading between HK$80.55 and HK$83.05 in the days since the lender unveiled on May 11 its biggest cost-slashing plan. On May 9, the shares closed at HK$84.22 May 2011 - 12:00am
HSBC's largest cost-slashing plan yet will squeeze its operations in the United States, Europe and Latin America hard, but Asia and the Middle East may not completely escape the cuts if the global lender wants to meet its aggressive target.14 May 2011 - 12:00am
HSBC Insurance and Hang Seng Bank, which together have 33 per cent of the Mandatory Provident Fund market, have joined their competitors in cutting fees on four funds by 0.1 percentage point to 0.7 percentage point.3 Oct 2007 - 12:00am
An institutional investor cashed out from HSBC Holdings through a private share placement yesterday to capitalise on gains from the recent strength in the bank's share performance after an announcement of a new substantial shareholder.21 Apr 2007 - 12:00am
HSBC Insurance Brokers will form a joint venture with two mainland companies to offer insurance broking and risk management services to domestic and foreign clients.
The firm said yesterday it would be the first foreign-invested joint venture in China with a licence to offer insurance services to domestic customers.31 Oct 2003 - 12:00am
The SAR's biggest bank HSBC is keen to roll out online business banking in the mainland market after it launches services for retail customers next year.
HSBC head of trade services Alan Wilkinson said the bank wanted to extend its Hong Kong Internet banking to mainland customers.3 Dec 2002 - 12:00am
HSBC Asset Management Hong Kong yesterday said it had central People's Bank of China (PBOC) approval to open a fund management representative office in Shanghai. The office would conduct mainland stock and company research and assist HSBC Asset Management's fund management teams in Hong Kong.23 Jun 1998 - 12:00am
Hongkong Shanghai Banking Corporation (HSBC) has entered the commercial publication market with the release of a 200-page book through a joint-venture with publishers EFP International (HK).
The bank has launched HSBC Guide to Cash Management in Asia 1998 which contains more than 35 articles written by leading cash management professionals in the region.3 Dec 1997 - 12:00am