HSBC targets Five Billion Dollar markets in Asia

HSBC expects India, Singapore and Malaysia/Indonesia to each deliver over US$1 billion in profit before tax in the medium term, joining Hong Kong and mainland China as “billion-dollar” businesses, to accelerate the Bank’s growth in the region. A sharper focus on building scale at a faster pace in the region’s fast-growing markets is a key [...]

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Posted May 14, 2011 by ][-NooM-][ under More Bank, More Financial

Emerging mkts attracting lesser funds: HSBC Global

Stress test remains significant as it can guage sovereign issues as well as highlight sizable capital need for banks. Speaking to CNBC-TV18, Philip Poole, Global Head-Macro and Investment Strategy of HSBC Global AMC said the key issue at the moment is to raise additional capital. He believes Emerging Markets are still attractive but it is [...]

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Posted July 20, 2010 by ][-NooM-][ under More Bank, More Financial

HSBC Bank Armenia holds environmental protection events

More than thirty thousand customers and stakeholders became aware of important environmental protection issues as a result of one month campaign in and out of HSBC Bank Armenia premises, the Bank said in a press release. For the second consecutive year HSBC Bank Armenia announces June as a month of environment protection activities such as: [...]

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Posted July 12, 2010 by ][-NooM-][ under More Bank

Offshore Bank Account for Expats

Offshore Bank Account for Expats Learn a way to reduce taxation legally using your ex-pat or global investor status. Given the reports in the limelight about the issues a few expatriates have lived through in acquiring banking services at the time of their repatriation, there is considerably more of concern about this problem. Expats often [...]

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Posted July 4, 2010 by ][-NooM-][ under Benchmark Lending, More Bank

China Life, HSBC, Merchants Bank, PetroChina: Hong Kong Equities Preview

The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close. The Hang Seng Index gained 0.2 percent to 20,856.61. The Hang Seng China Enterprises Index, which tracks so-called H shares of Chinese companies, declined 0.3 percent to 12,020.38. Banks: U.K. [...]

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Posted June 28, 2010 by ][-NooM-][ under Benchmark Lending, More Financial

Few Europe banks have HSBC’s nerve on Hybrids

HSBC(HSBA.L) has braved the regulatory uncertainty over bank capital with a massive $3.4 billion Tier 1 bond sale in the United States with few other European banks likely to follow its bold move. Rather than wait for more clarity on new rules, which might raise the cost of selling hybrid bank securities in the future, [...]

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Posted June 23, 2010 by ][-NooM-][ under Benchmark Lending, More Bank

HSBC Private Bank sees growth in emerging markets

Chris Meares has been joking with HSBC group chairman Stephen Green that the role of chief executive of private banking has become increasingly precarious, given the recent departures of wealth management heads at Citigroup, UBS and Merrill Lynch. It is the kind of conversation one starts with a boss in order to receive a few [...]

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Posted June 13, 2010 by ][-NooM-][ under Benchmark Lending, More Bank