Household HSBC Watch

Other banks and investment banks looked for foreign capital and losses continued. In some cases it was a further erosion of American companies. HSBC plc is the same, although as a global bank it is easier to disguise. HSBC needs money. HSBC Holdings has met with China Investment Corp (CIC), China’s […]

A large Califronia pension fund has put more pressure on HSBC, setting a deadline for change. Christy Wood, Calpers’ head of global equities, told The Sunday Times it wants HSBC to reveal detailed plans to refocus the group, address share-price underperformance and set a series of testing financial targets. “We want to see […]

Here is an article we expected so see about two months ago. It is also published on Mortgage Blues. Insiders at HSBC say we should look for more changes and cutbacks from HSBC in the United States as the bank’s image has been tarnished by predatory lender Household International, and as more people […]

HSBC plans to refocus on emerging markets as the bank’s experiment with Household International taught them to play elsewhere. The problem with emerging markets is that they are emerging. Take the case of China’s equivalent of the US Food and Drug Administration chief. Within three weeks the man was charged with fraud, […]

China’s anxiety about the flow of money into its bubbling stock markets prompted the Government to punish 29 international and domestic banks this week, including HSBC and Standard Chartered, for failing to halt speculative capital inflows.

The State Administration of Foreign Exchange (Safe) said that it had disciplined 19 domestic banks and ten foreign lenders […]

HSBC (Hong Kong Shanghai Bank Corp) has been dealt a major blow to its expansion plans in China. Its main domestic partner, Chinese lender Bank of Communications, has been reclassified as a large state-owned bank, which protects it from a foreign takeover.

Three years ago, HSBC paid $1.75 billion for a nearly 20% stake in […]

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, […]

On March 25, 2005, China News reported that the former chairman of China Construction Bank Zhang Enzhao resigned for “personal reasons” last week, a day after Hong Kong media reported that he was suspected of corruption and put under house arrest.

His son Zhang Jigang, who goes by his Cantonese alias Cheung Kei-kong, has since […]