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China banks eye capital-raising
...next year and beyond.Credit Suisse estimates that Bank of Communications, the country's fifth-largest lender by assets, in which HSBC holds close to 20 per cent, will have to raise about Rmb27bn over the next year.China Minsheng Bank raised $3.8bn in an initial...
Lloyds shares rise after cash call
...raising proceeds of £13.5bn, more than the £12bn sought by HSBC in February in what was then the UK's biggest capital raising...1 per cent to 37.4p. Barclays lost 0.9 per cent to 311.8p and HSBC was 1.5 per cent weaker at 740.3p. Standard Chartered, the London-listed...
HSBC France sued over Madoff losses
...chairwoman of Galeries Lafayette has sued HSBC France over the alleged loss of €7.5m...semi-retired paediatrician, claims that HSBC invested €7.5m of her money in LuxAlpha...family's long-term bank, which was bought by HSBC in 1999.The writ was served at HSBC's main...
S&P raises fears over health of some banks
...more funds.The analysis by S&P showed that HSBC is the best capitalised bank in the world...year.Its report, published yesterday, gave HSBC a 9.2 per cent ratio, compared with barely...per cent, compared with 10 per cent for HSBC.The RAC ratio reflects banks' leverage...
HSBC
Buried in HSBC's third-quarter update was an announcement...Island, Seattle.The market is not yet sold. HSBC has been left in the dust by Standard Chartered...than double the 10-year average.The pace of HSBC's backpedalling from the US is impressive...
HSBC fears Lloyds and RBS sales exclusion
HSBC's chief executive on Tuesday expressed regret that the bank...and Lloyds Banking Group.Michael Geoghegan said that while HSBC had not been explicitly banned from buying parts of these...Geoghegan as the bank issued a third-quarter trading update. "HSBC is not as large in the UK and we feel we should be able to...
HSBC to shed more UK staff
HSBC is to shed another 4 per cent of its UK workforce as pressure...also aims to add 400 to 500 jobs in Birmingham in that time.HSBC had previously announced the loss of 1,200 jobs in March...redeploy a similar proportion from the latest round of job cuts.HSBC's large base of retail account holders "should not notice...
HSBC plans landmark Jaffna branch opening
HSBC will become the first foreign bank to open a branch in Jaffna...emergence economy from decades of civil war."The fact that the HSBC logo is going to be on display up in Jaffna sends a powerful...international investment community," said Nick Nicolaou, HSBC chief executive for Sri Lanka and the Maldives.Analysts said...
Fall in bad loans at US arm lifts HSBC's profits
A faster recovery at HSBC's US consumer finance business than expected...bank said on Tuesday in a trading update.HSBC said pre-tax profit in the three months...and higher than expectations.Losses at HSBC Finance, the bank's US consumer finance...
S&P raises fears over health of some banks
...more funds.The analysis by S&P showed that HSBC is the best capitalised bank in the world...year.Its report, published on Monday, gave HSBC a 9.2 per cent ratio, compared with barely...per cent, compared with 10 per cent for HSBC.The RAC ratio reflects banks' leverage...
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