Household HSBC Watch

Another HSBC merchant is going out of busiiness. CompUSA, the computer retailer that Mexican billionaire Carlos Slim owned since 2000, will shut its doors after 23 years, succumbing to competition from Best Buy Co. and Wal-Mart Stores Inc. On the CompUSA website it says “Same as Cash offer on approved purchases made on […]

A fund backed by the government of the United Arab Emirates has snapped up an estimated £500m stake in HSBC, becoming the second Gulf-based investor to regard the shares of Britain’s biggest bank as undervalued.
An investment arm of Dubai Investment Capital (DIC) has taken a “substantial” stake in HSBC through a new fund which aims […]

Yesterday at Spring VON 2006, CompUSA announced its partnership with Bandwidth.com and Sylantro Systems to offer what it called the first full-featured hosted VoIP service for small and medium-sized businesses in the retail industry. Target audiences will be businesses in need of 10 to 200 lines. Silly, because no matter how much […]

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, […]

Conal Walsh
Sunday February 20, 2005
The Observer
HSBC has been drawn into an inquiry by Eliot Spitzer, New York state’s attorney-general, into allegations of financial mismanagement at the World Jewish Congress, the US-based lobbying group. The high-profile prosecutor is expected to seek details about an account at one of HSBC’s London branches that was allegedly […]