Household HSBC Watch

HSBC’s Guyerzeller unit will lose its name and will be known as HSBC Private Bank (Suisse) SA, which is already the name of a second unit. The two units currently employ 2,000 people and have assets under management of CHF 190 billion. When HSBC contemplated buying UBS and others, somebody probably pointed out that […]

A total of $5 trillion of mortgage loans, or almost half of the nation’s home loans, belong to “risky asset categories’’ such as subprime and Alt-A, Gross of Pacific Investment Management Co. said Bill Gross, who manages the world’s biggest bond fund. A commentary is posted on the firm’s Web site today. HSBC and […]

Should the government investigate current conditions? Will a free economy poison itself, and the rest of the world, as it did with subprime mortgages? Are banks and institutional investors trying to recap $385 Billion dollars (USD) in collaterized debt obligation losses? These questions and many more are being discussed at Crazy Speculators (www.crazyspeculators.com) and we […]

The Asian Banker is reporting that HSBC will offer two mortgage products as part of its new HSBC Premier service that will be launched in Japan on 31 January 2008. HSBC Smart Mortgage and HSBC Smart Investment Mortgage, available to all HSBC Premier customers, come with no maximum lending limit. There is a footnote […]

Watchdog organization Household - HSBC Watch says recent developments at HSBC prove the bank is out of touch with U.S. customers. The group cites reasons why HSBC has alienated many Americans from every walk of life.

In a post-911 society where the war in Iraq and Afghanistan is on television every day, HSBC announced heavy […]

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 […]

WASHINGTON - HSBC Holdings PLC, the world’s third-largest bank, said yesterday it will be hurt by its exposure to controversial mortgages that helped spark the U.S. housing boom, but which are now coming up for renewal.

The London-based bank is expected to be the first in a long list of major residential mortgage lenders in the […]

NEW YORK — The U.S. arm of HSBC Holdings PLC said it will shuffle its senior management team, including replacing the head of its retail banking unit.

Martin Glynn, the 55-year-old chief executive of the U.S. retail bank, will retire at the end of the year, after 24 years with HBSC, the company said Monday.
His replacement […]

NYSE Chairman Marshall Carter, along with the rest of the NYSE board, its Chief Executive John Thain and several Goldman Sachs (nyse: GS - news - people ) bankers are slated to testify regarding the New York Stock Exchange merger and its restructuring.

Carter said in an Oct. 12 deposition that Citibank contacted the NYSE on […]

Wednesday, August 31 — Amid speculation that HSBC Securities might make a buyout offer for Charles Schwab, HSBC Securities Canada Inc., the brokerage arm of Canada’s largest foreign-owned bank, settled a market-timing activity case for $1.16-million, the Investment Dealers Association of Canada said Wednesday. The fact that a settlement had been […]