The international bank, Hong Kong Shanghai Bank (HSBC), has decided to expand its operation in Pakistan and started negotiation to acquire Pakistani Prime Commercial Bank (PCB), a Pakistani newspaper reported on Friday. Negotiations have started between experts of HSBC and PCB’s high-level officials, and PCB has shown willingness to sell out its whole operations, the leading Pakistani newspaper DAWN quoting banking sources reported. HSBC has only four branches in Pakistan now, two in southern port city Karachi, one each in the capital of Islamabad and major eastern city Lahore, and its sudden interests in Pakistan have surprised financial analysts, DAWN said.
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Category: 2006 HSBC, HSBC Worldwide, Predatory Lending
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HSBC is expected this week to unveil plans to boost its presence on the Japanese market, including corporate lending and retail banking, the Times reported on Wednesday. Japan is the only major Asian financial centre where HSBC does not have a significant business presence.
Category: 2006 HSBC, HSBC Worldwide, Predatory Lending
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June 28 (Bloomberg) — An employee of HSBC Holdings Plc’s Indian unit was arrested in Bangalore and accused of helping a group illegally withdraw 233,000 pounds ($424,747) from bank customers’ accounts, according to a police official. Nadeem Kashmiri, a 24-year-old employee of HSBC Electronic Data Processing (India) Private Ltd., was charged with hacking into computers and breaching confidentiality agreements and privacy laws, Sanjay V. Singh, deputy inspector general for economic offenses, said today by telephone from Bangalore.
HSBC Group is the overall winner of the first edition of the UK’s Financial Times Sustainable Banking Awards. The award, recognising the bank’s leadership in integrating social, environmental and business objectives in to its operations, saw HSBC coming out top from a total of 49 financial services companies. Sustainable banking means meeting the needs of the present without compromising the wellbeing of future generations. This means that we take account of how our business affects society and the planet when making our commercial decisions.
Category: 2006 HSBC, HSBC Worldwide, Predatory Lending
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The following evolved into a dedicated page. Read “The HSBC Killzone” to see how this evolved.
Category: 2006 HSBC, HSBC Worldwide, In the U.S., On This Website, Predatory Lending, Scams
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