HSBC
Company and Financial Services Company
Earnings upgrades to drive up market: HSBC...are expected to move higher over the next 12 months, as surprises in companiesaEUR™ growth could trigger earnings upgrades, said HSBC. But the bank has an aEUR˜underweightaEUR™ rating on India, because it expects gains here to lag other... |
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Reuters | 2 days ago
HSBC unit told to review controls post Madoff
The CSSF said it was for courts to decide whether HSSL was liable under a civil claim to compensate investors. HSBC said it believed it had complied with all obligations as the depositary bank of Herald Lux and agreed with the CSSF that...
In this article: Bernard Madoff, Luxembourg, and Wall Street
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Reuters | 3 days ago
HK shares end down 0.3 pct; HSBC leads losses
HONG KONG, Nov 18 (Reuters) - Hong Kong shares closed down 0.32 percent in a volatile session on Wednesday, dragged lower by the drop in HSBC <0005. HK> and other banks on profit taking. The benchmark Hang Seng Index <. HSI> ended down...
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Telegraph.co.uk - Business | 4 days ago
HSBC chairman Stephen Green warns excessive bank reforms will hurt recovery
...banking system - including a crackdown on bankers' bonuses - would be damaging to economic recovery, HSBC Chairman Stephen Green warned. HSBC chairman Stephen Green says excessive bank reforms risk "going over the top with risk averse...
In this article: Stephen Green, Standard Chartered, BusinessWeek, and London
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Times Online | November 13, 2009
HSBC sells London HQ to South Korea for GBP772m
Navigation - link to other main sections from here HSBC sells London HQ to South Korea for GBP772m HSBC has agreed to sell its headquarters in Canary Wharf for GBP772.5 million to a South Korean fund. It is the third time the...
In this article: London, Metrovacesa, South Korea, Hong Kong, Balance sheet, Land Securities, and Michael Geoghegan
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Reuters | November 13, 2009
COLUMN-HSBC's Swiss miss: Matthew Goldstein
...another deep-pocketed financial player to be held accountable -- and some Dividium investors are considering targeting HSBC. So far, HSBC has taken a hands-off approach to dealing with the fallout from Dividium's collapse. I asked HSBC on a...
In this article: Citigroup, Risk management, Bankruptcy, and Stanford
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Reuters | November 13, 2009
UPDATE 3-S.Korea's NPS to buy HSBC's London HQ for $1.3 bln
...of 8 Canada Square for 772.5 mln stg cash * Deal confirms remarkable turnaround in UK real estate * HSBC to make a profit of around 350 mln stg * HSBC shares closed up 1.2 pct at 741.6 pence (Rewrites with confirmation of the deal)
In this article: London, New York, UK, Nomura, and CB Richard Ellis
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BBC News | November 13, 2009
HSBC sells its group headquarters
Lord Foster was architect on the building project HSBC is selling its group headquarters in London's Canary Wharf for GBP772.5m ($1.3bn) in cash, but will remain in the building in a leaseback deal. It is being bought by the South...
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BBC News | November 10, 2009
More profits at Barclays and HSBC
...HSBC continues to deliver broadly-based profits at this pivotal stage of the business cycle," said HSBC chief executive Michael Geoghegan. HSBC's shares closed up 4%, or 27.8 pence, at 720p. The latest results from Barclays and HSBC...
In this article: Barclays, Royal Bank of Scotland, Bad debt, Lloyds, UK, Tax, Michael Geoghegan, ABN AMRO, and HBOS
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washingtonpost.com | November 10, 2009
Barclays, HSBC signal bad debts may have peaked
...slow, replacing writedowns on toxic assets as the main worry, and few banks have yet voiced confidence they are through the worst. HSBC Holdings Plc <0005. HK> Chief Executive Michael Geoghegan said "the biggest jolt has now passed through...
In this article: Barclays Plc, Bad debt, Michael Geoghegan, Europe, RBS, U.S., Revenue, and Unemployment
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Reuters | November 10, 2009
HSBC eyes UK assets to be sold by Lloyds, RBS
...on a conference call on Tuesday. Geoghegan said, after releasing the bank's third-quarter trading statement, that HSBC was worried it could be barred from bidding if British government efforts to boost competition keep out incumbent...
In this article: Royal Bank of Scotland, Lloyds, Michael Geoghegan, EU, and UK
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Description from Wikipedia:
HSBC Holdings plc is a public limited company incorporated in England and Wales in 1990, and headquartered in London since 1993. As of 2009, it is both the world's largest banking group and the world's 6th largest company according to a composite measure by Forbes magazine.
The group was founded from The Hongkong and Shanghai Banking Corporation based in Hong Kong, the acronym of which led to the current name. Today, whilst no single geographical area dominates the group's earnings, Hong Kong still continues to be a significant source of its income. Recent acquisitions and expansion in China are returning HSBC to part of its roots. HSBC has an enormous operational base in Asia and significant lending, investment, and insurance activities around the world. The company has a global reach and financial fundamentals matched by few other banking or financial multinationals.
HSBC is listed on the London, New York, Hong Kong, Paris and Bermuda Stock Exchanges, and is a constituent of the FTSE 100 Index and the Hang Seng Index.
- Name:
- HSBC Holdings plc
- Type:
- Public (LSE: HSBA, , NYSE: HBC, Euronext: HSB, )
- Location:
- 8 Canada Square, London, England, UK
- Founder:
- Thomas Sutherland
- Founded:
- Hong Kong (1865)
- Stock Symbol:
- HBC
- Industry:
- Finance and insurance
- Key People:
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- Michael Geoghegan, Group Chief Executive
- Stephen Green, Group Chairman
- Revenue:
- £49,759 million (2008)
- Operating Income:
- £5,072 million (2008)
- Net Income:
- £3,541 million (2008)
- No. of Employees:
- 312,000 (9,500 offices in 85 countries and territories)
- Subsidiaries:
- HSBC Bank plc, The Hongkong and Shanghai Banking Corporation, HSBC Bank USA, HSBC Bank Middle East, HSBC Mexico, HSBC Bank Brasil, HSBC Finance
- Motto:
- "The Worlds Local Bank"
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