HSBC Holdings plc
Mar 21, 2013 13:17 EDT
European stock markets slid Thursday as disappointing eurozone data and the Cyprus bailout impasse overshadowed strong Chinese economic performance.
Mar 21, 2013 10:34 EDT
European stock markets slid Thursday as traders looked past strong Chinese economic data to focus on bleak eurozone news, notably fallout from the Cyprus bailout impasse.
Mar 21, 2013 08:46 EDT
Global crude oil prices turned lower on Thursday as traders banked profits despite strong Chinese manufacturing data.
Mar 21, 2013 07:23 EDT
Asian markets were mixed Thursday as Chinese data showing manufacturing activity in the world's number two economy picked up in March, while Tokyo was lifted by renewed weakness in the yen.
Mar 20, 2013 23:05 EDT
Manufacturing activity in China improved in March after expanding at its slowest pace in four months in February, HSBC said on Thursday, lifting hopes for a pick-up in the world's number two economy.
Mar 20, 2013 13:00 EDT
US government-controlled mortgage giant Freddie Mac has sued more than a dozen of the world's biggest banks over losses from the alleged rigging of the Libor interest rate.
Mar 18, 2013 13:03 EDT
London shares lost ground on Monday on news that Cyprus, home to around 100,000 British people, plans to tax bank deposits as part of a controversial international bailout.
Mar 18, 2013 10:50 EDT
HSBC could cut up to another 5,000 jobs as Europe's biggest bank looks to find further savings, the Financial Times reported on Monday.
Mar 15, 2013 13:22 EDT
London shares closed in the red on Friday in downbeat pre-weekend deals before the outcome of a major eurozone ministers meeting that seeks to agree a bailout for the Cyprus government.
Mar 14, 2013 02:20 EDT
Australian monthly jobs growth hit a near 13-year high in February, an "extraordinary" result that helped keep the unemployment rate steady and eased pressure on the central bank to cut rates.
Mar 12, 2013 11:44 EDT
Greece withdrew on Tuesday a proposed measure that would have enabled some tax dodgers to pay reduced penalties in return for disclosure, a finance ministry source said.
Mar 05, 2013 12:17 EST
Standard Chartered on Tuesday said its net profit was flat in 2012, even after the British lender was hit by huge fines for violating US sanctions on Iran and other countries.
Mar 05, 2013 11:40 EST
Global banking giant HSBC announced Tuesday that it has agreed to offload a package of home loans for $3.2 billion (2.5 billion euros) in cash to US-based SpringCastle Acquisition, one day after the bank posted falling annual profits.
Mar 05, 2013 07:49 EST
Standard Chartered on Tuesday said its net profit was flat in 2012, even after the British lender was hit by a huge fine for violating US sanctions on Iran and three other countries.
Mar 04, 2013 12:24 EST
Shares in London sank on Monday after poor survey data signalled fresh recession on the horizon for Britain and as global bank HSBC posted sliding annual profits.
Mar 04, 2013 11:19 EST
Asia-focused bank HSBC said Monday that net profits sank 16.5 percent to $14.03 billion in 2012, due to US money-laundering fines, mis-selling scandals, rising taxation and a huge accounting charge.
Mar 04, 2013 08:01 EST
European stock markets sank on Monday, mirroring Asian equities, after US lawmakers failed to prevent $85 billion in spending cuts that were implemented late last week in the world's biggest economy.
Mar 04, 2013 06:09 EST
Asia-focused bank HSBC said Monday that net profits sank 16.5 percent to $14.03 billion in 2012, hit by US money-laundering fines, mis-selling scandals, rising taxation and a huge accounting charge.
Mar 04, 2013 04:27 EST
Asia-focused banking giant HSBC said on Monday that net profits sank by 16.5 percent to $14.03 billion (10.78 billion euros) in 2012, a year in which it was rocked by a US money-laundering scandal.
Mar 01, 2013 10:47 EST
Lloyds Banking Group on Friday posted annual losses of £1.43 billion, hit by huge insurance mis-selling compensation, while it awarded its boss a bonus linked to an eventual sale of the government's stake.
Facts from the Wikipedia page:
|Founded||Hong Kong (1865)|
|Headquarters||8 Canada Square, Tower Hamlets, London, UK|
|Key people||Stephen Green |
|Products||Finance and insurance|
Global Wealth Management
|Revenue||▼ US$ 137.309 billion (2008)|
|Operating income||▼ US$ 56.384 billion (2008)|
|Net income||▼ US$ 6.498 billion (2008)|
|Total assets||▲ US$ 2.527 trillion (2008)|
|Total equity||▼ US$ 93.591 billion (2008)|
|Employees||331,458 (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 Bank Brazil