HSBC Holdings and an unidentified Chinese bank are among potential buyers of Lehman Brothers, South Korea’s Chosun Ilbo newspaper reported on Wednesday, citing a financial industry source. State-owned KDB confirmed on Tuesday it was in talks with Lehman. Lehman prefers KDB over other contenders as KDB plans to keep its current management after […]
An HSBC network crash left thousands of customers without cash and unable to use their debit and credit cards at the weekend.
The outage meant HSBC and First Direct customers were faced with service messages when trying to take out cash at ATMs or they had their cards declined when trying to pay in shops or […]
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 […]
The Bank of England is ordering a freeze on any assets belonging to a terrorist group that claimed responsibility for kidnapping and beheading two Americans and one Briton in Iraq, Treasury chief Gordon Brown said.
Brown told lawmakers in the House of Commons Thursday that he had instructed the bank to direct all financial institutions in […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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