• Sun
  • Dec 28, 2014
  • Updated: 2:17am

Hsbc Private Bank

HSBC bullish on China business

HSBC, Europe's biggest bank by assets, says it remains 'confident' about its growth in China as the outlook in Europe and other Western economies is expected to stay 'subdued'.

Tuesday, 31 July, 2012, 12:00am

A convenient scapegoat apologises

HSBC says sorry to senate for drug money blunders

SCMP headline, July 18

Let's examine a little more closely just what it is that HSBC is said to have done. Here are some of the accusations from yesterday's news accounts:

19 Jul 2012 - 12:00am

HSBC in talks to sell U.S. card business

HSBC is in talks to sell its United States credit card portfolio, reportedly to Capital One Financial Corp, as part of its strategy of placing greater emphasis on emerging markets.

The largest lender in Europe and Hong Kong confirmed in a statement that it was in discussions to sell its US retail and credit card business, but HSBC did not name the potential buyer.

10 Aug 2011 - 12:00am

Turnaround is still a distant prospect for HSBC investors

Shareholders got a pleasant surprise yesterday, when banking giant HSBC announced first-half profits of US$8.9 billion, up 35 per cent from the same period last year.

2 Aug 2011 - 12:00am

Veteran banker targets US$4b gain in medium term

Veteran banker Simon Williams, who started as HSBC Holdings' head of wealth management yesterday, plans to expand into 18 markets to earn US$4 billion in additional revenue over the medium term.

12 Jul 2011 - 12:00am

HSBC's results hinge on US write-downs

Margins are under pressure and how many billions of dollars HSBC Holdings will write down on its US subprime loan portfolio is anybody's guess, but the market is sure to move after the index heavyweight reports annual results on Monday.

27 Feb 2010 - 12:00am

HSBC shareholders pay for diversification

HSBC is paying the price of diversification. Although the banking group's interim results announced yesterday were better than most analysts had forecast, HSBC's exposure to the subprime mortgage business in the United States continues to weigh heavily on its performance.

31 Jul 2007 - 12:00am

Emerging markets contribution proves it pays to get back to basics

The worst news has already been absorbed by the market, but HSBC Holdings shareholders might be watching their beloved bank mopping up the mess for months to come.

HSBC's second-half results show that its traditionally strongest business area - emerging markets - helped bail the bank out of a loss-making venture in United States consumer lending.

6 Mar 2007 - 12:00am

Firm denied final appeal showdown with HSBC

A company that accused HSBC of wrongfully forcing it into selling its flagship property has been refused permission to take the matter to the Court of Final Appeal.

The Court of Appeal yesterday dismissed an application by Esquire (Electronics) for leave to take its case against the bank to the city's highest court.

3 Mar 2007 - 12:00am

Bankable talent

The city's movers and shakers put on their finest black tie for the HSBC Private Bank's Le Club Prive gala on January 25 at the Grand Hyatt ballroom. The beneficiary was Josephine Siao Fong-fong's End Child Sexual Abuse Foundation.

Siao mingled with guests, who enjoyed dinner, followed by a powerful performance by soprano Julia Migenes.

16 Feb 2007 - 12:00am

HSBC warns of higher US provision

Shares dip on fears bank may have to set aside US$10.56b for mortgage business after admitting error

HSBC Holdings, in a rare move before its earnings announcement next month, said its US mortgage provision would be 20 per cent above the market average estimate, sending its shares tumbling.

9 Feb 2007 - 12:00am

Expression of confidence

Sir John Bond, who will retire as HSBC Holdings' chairman on Friday, says the London-based bank will continue to perform well under the new leadership.

'HSBC will go forward under the existing team and new leadership, and will continue to thrive and go from strength to strength,' Sir John said yesterday at his final informal annual general meeting with HSBC.

24 May 2006 - 12:00am

HSBC's Canada unit does well

HSBC Bank Canada has reported a year-on-year 39.6 per cent rise in first quarter net income to C$74 million (about HK$364 million). Total assets rose to C$33.9 billion from C$31.1 billion and return on equity was up from 16.3 per cent to 19.7 per cent.

16 Apr 2002 - 12:00am

HSBC profits jump 21pc

HSBC Holdings unveiled higher-than-expected full-year profits yesterday and signalled a major push into the 'new economy' with its hsbc.com Web site.

29 Feb 2000 - 12:00am

Move to Internet absorbs US$2.5b

HSBC Holdings will spend US$2.5 billion this year to support the launch of a wide range of Internet banking products and services.

'We are doing so because we believe the opportunities of e-commerce will change the fabric of the way business is done in financial services,' group chief executive Keith Whitson said yesterday.

29 Feb 2000 - 12:00am

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