On the legal front it appears as though HSBC USA and HSBC North America Holdings have some explaining to do. In a recent court document it was discovered that the are actual two additional holding companies as part of HSBC in the United States. Why is that?
There are actually two additional US holding […]
Knight Vinke today renewed its assault on HSBC’s strategy, saying Britain’s biggest bank was regarded by many shareholders as a disparate collection of poorly connected business trying to be all things to all people.
The activist fund manager, which has the full backing of the powerful California pension fund Calpers, also blasted the bank for […]
Just one week ago, a three-member arbitration panel cleared Kmart’s former chief executive, Charles C. Conaway, of alleged fraud, mismanagement and corporate looting. Now, the U.S. Securities and Exchange Commission has accused Conaway and former Chief Financial Officer John T. McDonald of misleading investors about the discount retailer’s finances. Conaway and McDonald stand […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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