Standard Chartered bank delivered a sparkling first six months, raising profits before tax by 32 percent. Increasing costs were all but totally offset by an increase in income, driven mostly by Standard Chartered’s wholesale-banking business. It is a far cry from the 29 percent tumble in earnings reported Monday by rival HSBC. HSBC policy […]
China’s anxiety about the flow of money into its bubbling stock markets prompted the Government to punish 29 international and domestic banks this week, including HSBC and Standard Chartered, for failing to halt speculative capital inflows.
The State Administration of Foreign Exchange (Safe) said that it had disciplined 19 domestic banks and ten foreign lenders […]
HSBC lines up deal to buy control of Iraqi bank
This is part of press release by VICTORIA THOMSON ( see original )
HSBC Holdings is close to securing a deal to buy a 70 per cent stake in Iraq’s Dar Es Salaam Investment Bank in a bid to expand into Iraq as it rebuilds […]
What happens if you don’t pay your minimum amount due for two consecutive months? Head of Credit Cards and Retail Assets, HSBC, Puneet Chaddha says, “He becomes a defaulter. The course of action after that, depends on the amount that is outstanding, past track record and the person’s profile or profession.” The customer is then […]
Tue May 17, 2005 - Global bank HSBC Holdings said on Tuesday it was in talks to buy a majority stake in Dar Es Salaam Investment Bank of Iraq as part of a plan to expand in the country as it rebuilds after war. The now disbanded U.S.-led occupation authority gave HSBC, […]
The lawsuit, by Delhi resident Harsh Pathak, complained that telemarketing breached India’s constitutional right to privacy.
The carriers, named in the case alongside two Indian banks and Citibank, HSBC and Standard Chartered Bank, have in fact supported the court action. “I support the petition. The cellular operators are not responsible for the telemarketing,” said T.V.Ramachandran, […]
HSBC was been beaten by Standard Chartered in a high-profile bid for Korea First Bank, as reported on January 13, 2005. Standard Chartered has confirmed that it will buy the South Korean bank for £1.8billion. StanChart snatched the bank from HSBC in a quickly convened deal over Christmas. HSBC now has Korea Exchange […]
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