Household HSBC Watch

SHELL, we were told by the Financial Services Authority last summer, was guilty of “unprecedented misconduct”. For five years, from 1998 to 2003, the company had repeatedly misled shareholders over its oil and gas reserves. It was so culpable that the regulator felt it had no choice but to fine it a then-record £17 million. […]

Note: NBFC — Non Banking Financial Companies
PUNE, OCT 7: HSBC is looking at taking the NBFC route for expanding its retail business. HSBC Niall SK Booker, group GM and CEO, said the bank has succeeded towards the upper end of the socio-economic pyramid but there is no opportunity to broaden the banks reach […]

HSBC lines up deal to buy control of Iraqi bank
This is part of press release by VICTORIA THOMSON ( see original )

HSBC Holdings is close to securing a deal to buy a 70 per cent stake in Iraq’s Dar Es Salaam Investment Bank in a bid to expand into Iraq as it rebuilds […]

By Kim Yon-se - Staff Reporter
HSBC has not paid the taxes due on tens of billions of won it gained as a result of transactions of shares in 2002 and 2003 in a small Korean company via its equity fund, officials from tax agencies said.

HSBC had acquired PKL, a Korean manufacturing firm in Chungchong […]

Sept. 28 (Bloomberg) — Growing Chinese companies will seek to buy those in the U.S., which is a “natural and desirable’’ action because the U.S. needs to attract investment from abroad, said the chairman of HSBC Holdings Plc’s Asia unit. “It is natural and desirable Chinese companies acquire assets in the U.S.,’’ Vincent Cheng, […]

“We are in the process of rolling out what we call the Household Model based on sophisticated data-intensive analysis that is rapidly scalable, offering customised solutions. Using a common technology platform that is tailored to local requirements, various financial solutions are provided” said Niall Booker of HSBC. The Chief Executive Officer of HSBC, Niall […]

SEOUL (Dow Jones)–U.K-based banking giant HSBC Holding Plc.(HBC) denied Thursday a local newspaper report that it may soon sign a memorandum of understanding to buy a controlling stake in Korea Exchange Bank (004940.SE), held by U.S.-based private equity investment company Lone Star Fund. The Korea Times reported Thursday, citing an unnamed executive at […]

NEW DELHI, SEPT 21: The finance minister P Chidambaram has said, the allegations that HSBC Bank has forced its staff officers and secretaries to resign on “whimsical” grounds was not correct. Responding to a letter written by Shiv Sena MP Mohan Rawale in this regard, Mr Chidambaram said there were a few […]

HSBC plans to further expand its operations in Viet Nam to meet demand for the country’s impressive economic growth, said Chairman of the Hong Kong and Shanghai Banking Corporation Ltd. Vincent Cheng.

He made the comments on Wednesday in Ha Noi at a meeting with Deputy Prime Minister Nguyen Tan Dung, saying that his first visit […]

KUWAIT, Sept 19 (KUNA) — Governor of the Central Bank of Kuwait Sheikh Salem Abdel Aziz Al-Sabah declared on Monday that the HSBC bank was registered by the CBK as the second foreign bank to open a branch in the country.

In a press statement, Sheikh Salem said the registration of the bank, according to a […]