Household HSBC Watch

This is a follow-up on to one of our articles which is going as we predicted. HSBC is believed to have approached potential buyers for its skyscraper head office in London’s Canary Wharf amid fears it might have to repossess the building from the Spanish property group that paid a record £1.1bn for it […]

MICHAEL Geoghegan, chief executive at HSBC, has knocked back calls for Britain and Europe’s biggest bank to break itself up. Instead, he said that he would be working to see the various operations of the bank link together better, which could see a halving of staff at its London headquarters.

Consumer advocates in […]

UK - May 25, 2007 — Further evidence that the profits of Britain’s banks are being hit by customers reclaiming bank charges emerged yesterday when HSBC admitted it was feeling the repercussions of a customer revolt. Guardian Unlimited reported the story.

Unfortunately in the United States a full revolt has not been seen, but consumers […]

Here is an interesting HSBC article from London:
Britain’s biggest bank is diverting poorer customers to foreign call centres while more profitable clients are dealt with in the UK. HSBC has admitted filtering calls from its 8.5million customers with current accounts and transferring them after assessing factors such as monthly income and credit rating.

The […]

LONDON (AP) - HSBC Holdings PLC is to sell its London headquarters in Canary Wharf, its property adviser confirmed late Friday.

The building is expected to fetch up to 1 billion British pounds ($1.97 billion), which would make it the most expensive office building in Britain.
Located at 8 Canada Square, the 656-foot tall tower has 1.1 […]

LONDON (AP) - HSBC Holdings PLC is to sell its London headquarters in Canary Wharf, its property adviser confirmed late Friday.

The building is expected to fetch up to 1 billion British pounds ($1.97 billion), which would make it the most expensive office building in Britain.
Located at 8 Canada Square, the 656-foot tall tower has 1.1 […]

HSBC, which derived about 80 percent of its pretax profit from outside the U.K. in the first half of this year, moved to London 13 years ago following its purchase of Midland Bank Plc, one of Britain’s top four banks at the time. The Bank of England ruled that HSBC would only be allowed to […]

Oct. 6 (Bloomberg) — HSBC Holdings Plc, Europe’s biggest bank by market value, said moving its headquarters away from the U.K. would save the lender about 400 million pounds ($750 million) a year.

Taxation and regulations are HSBC’s main considerations in deciding where the company is domiciled and it reassesses these every three years, said […]

This is an arrogant blow to some professionals.
LONDON: A section of HSBC’s employees in Sheffield are up in arms for being asked to train staff from India who would then take over their jobs, lending a new twist to outsourcing from Britain to India. The request to train the Indian staff has angered workers […]

Predatory lenders and Chairman beware. The High Court in London today dismissed an appeal by three British bankers against extradition to the United States on charges relating to the 2001 collapse of Enron.

In a landmark judgement, David Bermingham, Gary Mulgrew and Giles Darby, all former investment specialists for NatWest, failed to overturn the extradition order […]