Following regulatory and shareholder approvals, HSBC Insurance (Asia-Pacific) announced it has increased its shareholding in Bao Viet Holdings to 18% from 10% at a cost of Vnd1.88 trillion ($102 million).
Archive for the Category »Emerging Markets «
Category: Emerging Markets
Leave a Comment
There will be more news reports like this one from India if US binding arbitration is removed. What was a simple request to HSBC’s credit card division became a custoemr service nightmare. The customer was listed as an “International financial offender” due to HSBC errors.
Category: Emerging Markets
Leave a Comment
Inner City Press reported that HSBC is banking on the bloodbath on the beach. In Sri Lanka, with people still interned in the camps in Vavuniya, HSBC has bragged it is looking to open branch offices in Jaffna and elsewhere in the North.
Category: Emerging Markets
Leave a Comment
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 Holdings plc’s Saudi affiliate, booked $93.7 million in provisions for loan losses during the third quarter. “We may see some extra provisions in the fourth quarter but most banks will come clean by early 2010,” said Adnan Ahmed Yousef, president of Union of Arab Banks. Arab banks set aside $3.5 billion so far this year against bad loans.
Category: Emerging Markets
Leave a Comment
