HSBC
Company and Financial Services Company
KPMG to represent Dubai's creditor banks: report...reported. The banks include HSBC <HSBA.L>, Britain's biggest bank, as well as Royal Bank of Scotland <RBS.L>, Lloyds Banking Group <LLOY.L>, and Standard Chartered <STAN.L>, the paper said without citing sources. KPMG will be... In this article: KPMG, Dubai, Dubai World, Nakheel, Independent on Sunday, Standard Chartered, Royal Bank of Scotland, and HSBC |
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USATODAY.com | 3 days ago
Asian stocks tumble amid Dubai fears, dollar slump
...might suffer from their exposure to Dubai World. In Hong Kong trade, HSBC tanked 6.1% and Standard Chartered fell 5.8%; both British-based banks have substantial Middle East operations. Uncertainty over the ripple effects from Dubai...
In this article: Dubai, Hong Kong, All rights reserved, Standard Chartered, Nikkei 225, USA Today, Nissan, and South Korea
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Times Online | 1 day ago
Dubai debacle stops bull run in its tracks
...with the index plunging 171 points, or 3.2%, to 5,194. Standard Chartered, thought to have invested more than any other UK bank in the Middle East, dropped almost 6%, while HSBC lost 5%. "This is an important reminder that the credit crisis...
In this article: Dubai, Dubai World, Standard Chartered, Middle East, UK, and Capital Economics
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Sydney Morning Herald - World | November 10, 2009
HSBC profits higher as Barclays suffers slump
...East. HSBC, founded in Hong Kong and Shanghai in 1865, will remain headquartered in London and regulated by Britain but Geoghegan will relocate in February to be nearer the group's "largest and most important region" of operation. Barclays...
In this article: Barclays bank, Michael Geoghegan, Bad debt, Hong Kong, Abu Dhabi, London, Britain, and Tax
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Independent.co.uk - Business | 4 days ago
'Explosion' in imports keeps Britain in recession
...placing new orders for goods and services. However, Karen Ward, the UK economist at HSBC, added: "The bigger surprise comes from the explosion in imports, which rose 1.3 per cent on the quarter. Net trade therefore detracted 0.2 per cent...
In this article: Recession, UK, Culprit, Goods and services, and Unemployment
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Telegraph.co.uk - Business | 6 days ago
Marsh & McLennan set to bid for HSBC Insurance Brokers
...& McLennan set to bid for HSBC Insurance Brokers One of the world's largest insurance brokers, Marsh & McLennan (MMC), is exploring a deal to buy part of HSBC's insurance business. HSBC Insurance Brokers is ranked as the UK's ninth...
In this article: Marsh & McLennan, HSBC Insurance Brokers, Aon, UK, Revenue, HSBC Insurance, Hilb Rogal & Hobbs, and Benfield Group
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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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