HSBC EYES 1.4 BILLION POUNDS BID FOR KOREAN CREDIT CARD BUSINESS
HSBC (HSBA.L: Quote, Profile, Research) is considering a 1.4 billion pounds bid for Korean credit card firm, LG Card (032710.KS: Quote, Profile, Research), in a deal that would give it a major foothold in the country’s retail banking sector, valued at an estimated 44 billion […]
Kambay International (proposed: KBAY) began the road of completing an IPO, with its filing today with the Securities and Exchange Commission. The firm is a global provider of information technology or IT services dedicated to the financial-services marketplace. As the name implies, some of the firms IT operations are located in labor-cheap India.
The company, in […]
HSBC in November 2002 signed a $500m medium-term project finance framework agreement with six Iranian commercial banks: Melli, Saderat, Mellat, Tejarat, Sepah and the Export Development Bank according to the IranReporter.com
Iran is firmly on many banks’ radar screens, though. HSBC set up a representative office in Tehran in 1999 after an absence of four decades […]
It is interesting to Household Watch that former CEO of predatory lender Household International and now Chairman of HSBC Holdings USA William Aldinger sits on the board of MasterCard.
Perhaps Aldinger’s Household Retail Services has done enough to give Master Card a black eye. Recent developments in Bahrain revealed an agreement with HSBC, Visa, and […]
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