HSBC is in talks with insurance brokers JLT to sell its subsidiary HSBC Actuaries & Consultants for around £25m. HSBC acquired the St Albans-based business, which employs 400 staff, in 1992.
Archive for » November, 2009 «
Our staff took some time off during the US Thanksgiving holiday. Financial markets in Dubai did not, leaving HSBC in a bad position. HSBC Holdings Plc and Standard Chartered Plc sank more than 7 percent in Hong Kong as CLSA Asia-Pacific Markets said Dubai World’s potential default has “negative implications” for the banks.
Category: Emerging Markets
Leave a Comment
HSBC is not alone in a desire for more easy money from your account. Royal Bank of Scotland Group Plc, HSBC Holdings Plc and six other lenders are counting on Britain’s highest court to overturn a ruling that may allow a regulator to oversee fees charged on bounced checks.
Category: General News
Leave a Comment
HSBC Holdings Plc’s Luxembourg unit should compensate investors only if a local court finds the bank breached its custodial duties over a fund that placed assets with Bernard Madoff, the country’s financial regulator said.
Category: General News
Leave a Comment
HSBC North America Chief Executive Brendan McDonagh said favorable business trends seen in the third quarter have continued in the fourth quarter. What McDonagh really means is that the HSBC credit card business is more profitable now that HSBC raised your rates and cut available credit.
Category: General News
Leave a Comment
