The investment banking unit of HSBC (LON:HSBA) has grabbed a good chunk of business from its competitors during the economic crisis, and consequently should generate profits of about $6 billion annually on a regular basis, according to Stuart Gulliver, head of the global banking and markets division of HSBC.
Gulliver added that even if 2010 is [...]
All Posts Tagged With: "HSBC"
HSBC (LON:HSBA) Says Investment Banking Profits to Surge
HSBC Holdings (LSE: HSBA.L) Listing on Shanghai Exchange with £5 Billion Share Offer
There is little doubt growth for banks is in the Asian markets, and to that end HSBC Holdings (LSE: HSBA.L) will soon be listed on the Shanghai stock exchange.
To start off the bank will initiate a £5 billion share offer to investors from China.
Recently HSBC acknowledged that even after they turn things around in the [...]
HSBC Holdings (LSE: HSBA.L) Looking to Emerging Markets for Growth, Business in U.S. “Winding Down”
Mocked by shareholders in the pre-bubble years, HSBC Holdings’ (LSE: HSBA.L) group finance director Douglas Flint is now having the last laugh, as the huge bank performed magnificently while their competitive rabble around them begged their respective governments in order to cover up their gross incompetence. I do use the term ‘competitive’ loosely here.
Much of [...]
Britain, HSBC Holdings (NYSE: HBC), Citigroup (NYSE:C) at Risk in Dubai Debt Crisis
Although they’re not anywhere near at risk as their British counterparts, Citigroup Inc. (NYSE:C) has the most exposure of an U.S. bank to the Dubai debt crisis, having lent $1.9 billion to the United Arab Emirates. Overall, the United States lent out $13.4 billion to the UAE.
Here’s how individual UK banks fared as to how [...]
HSBC (NYSE: HBC) Puts Focus Back on Asia for Growth
Although it has had a competitive advantage over its rivals in Asia, especially China, HSBC (NYSE: HBC) has been slow to take advantage of that and instead has focused on Europe and the United States for growth, to the detriment of the company and its shareholders.
Now that credit demand in Europe has been falling, and [...]
HSBC Holdings (NYSE: HBC) Slashing Another 1,700 Jobs in UK
HSBC Holdings Plc (NYSE: HBC) continues to shrink its workforce, this time focusing its efforts on Britain, where they announced another 1,700 administrative jobs based in the U.K. will be cut, which represents over 4 percent of its workforce presence there.
In a statement today, the company said jobs will be slashed in Southend, Sheffield and [...]
HSBC Holdings (NYSE: HBC) Believes There Will Be More Bank Consolidation Than Breakups Going Forward
Although there has been a lot of talk lately of breaking up big banks so the idea that they’re “too big to fail” doesn’t have an effect on the banks going to the governments to be bailed out every time they get in trouble, HSBC Holdings (NYSE: HBC) sees it differently, believing we’re going to [...]
October 30th, 2009 | Gary | Comments | Continued
HSBC Holdings (NYSE:HBC): The rise of the East and Demise of the West
There’s no doubt the move last month by HSBC Holdings (NYSE:HBC) to embed their CEO in Hong Kong, moving him from the London office, speaks volumes as to where they see their future growth, and it’s definitely Asia.
In a report they released called “The Tipping Point — The rise of the East and Demise of [...]
American Bankers Association: More Bank Customers Prefer Doing Business Online for First Time
For the first time in banking history, more bank customer prefer doing their business online than any other way, according to an American Bankers Association survey, with 25 percent of bank customers engaging in the practice.
The use of ATMs is dropping among all age groups, while for those 55 and under, online banking is the [...]
Bank of America Corp. (NYSE: BAC) and HSBC Holdings (NYSE: HCS) Added to Case Against Obama Fundraiser Hassan Nemazee
The original arrest of Barack Obama’s and Hillary Clinton’s leading fundraiser Hassan Nemazee was for allegedly defrauding Citigroup Inc. (NYSE: C) of $75 million.
In the grand jury indictment, Bank of America Corp. (NYSE: BAC) and HSBC Holdings (NYSE: HCS) were added to the case, bringing the total amount of the fraud case against Nemazee to [...]
Mobile Banking ‘Report Card’ Shows it’s Rolling Out Slowly
Mobile banking has been touted as the future of banking, and for the last couple of years some banks have been slowly rolling out mobile banking programs to test the waters.
According to a mobile banking report card from ABI Research Inc., which looked mobile banking services being offered by 29 of the largest banks in [...]
Discover Card just told me that they are not allowing any balance transfers on any accounts right now. 
Does everyone realize that Citibank owns almost all the credit card divisions of gas card companys and dept. stores including ...
I thought the goal was to increase capital, who would want to lend in this environment of 10% unemployment and ...