HSBC Holdings PLC (HBC) has no plans to make a third acquisition in Vietnam at present, but it is in talks to raise an existing stake in insurer Bao Viet Holdings, its country head said.
Archive for » April, 2009 «
HSBC’s Mexican operations are classified as an emerging market. Does this sound like the build-up to subprime in the United States: “Our customers are self-employed; they’re not going to lose their job. Maybe in the past a customer sold 20 quesadillas a day, and now they sell 15. But they’re still selling.”
Category: Emerging Markets
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Follow this carefully and you see where HSBC benefits both ways: Libyan Foreign Bank said on Monday it planned to raise its capital 10-fold to $10 billion to finance expansion in Europe and Africa and would raise its stake in HSBC affiliate British Arab Commercial Bank.
Category: Emerging Markets
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A report from Korea, where HSBC had problems with Lone Star and KEB, says: “Unlike most local commercial banks, foreign-owned lenders tend not to follow our recommendations. Plus, they only seek the interests of their shareholders while neglecting their social responsibility,” said a high-ranking FSS official who asked not to be named. The report mentioned HSBC but did not specifically target the bank this time.
Category: General News
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Regarding our article titled ‘17 days away from retirement at HFC / HSBC Finance’ we received more information:
Category: Afterthoughts, Jobs and Layoffs
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