UK PRESS: HSBC Interested In $3B Federated Card Ops
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LONDON (Dow Jones)--HSBC Holdings PLC (HBC) has expressed an interest in the $3 billion store and credit card operations of Federated Department Stores Inc.
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Aug. 18 (Bloomberg) -- Barclays Plc, the UK&#39;s third- biggest bank, agreed to buy Juniper Financial Corp. from Canadian Imperial Bank of Commerce for $293 million in cash to help expand its credit card business in North America.
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Xerox has won several new document services deals and updated its content management and workflow software. HSBC has selected Xerox to provide document services in its Brazil and UK offices that will include
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Barclays will acquire 1.7 million Goldfish and affinity card accounts with about $4 billion of receivables and take Goldfishâs brand, staff and facilities.
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Deutsche Boerse has made a Â£1.3 billion ($2.49 billion) approach for the London Stock Exchange, and the LSE&#39;s rejection of it on Monday left observers doubting a much better offer would emerge.
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Banking giant HSBC is moving to expand its presence in Asia through the acquisition of Korea First Bank. It has also been reported that Standard Chartered is competing with its
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HSBC, the UK's largest bank, agrees to buy 51% of Korea Exchange Bank for $6.3bn.
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HSBC Holdings, Europeâs biggest bank, agreed to buy a 51 percent stake in Korea Exchange Bank for $6.3 billion as it attempts to bolster its presence in the fast-growing Asian market. The purchase of the stake from the United States private equity group Lone Star Funds would allow Lone Star, based in Dallas, to exit a controversial investment. HSBC, based in London, said that it did not intend to make an offer for the remainder of the Korean bankâs shares and that the bank would remain listed on the Korea Exchange. The acquisition would catapult HSBC past its foreign rivals Standard Chartered and Citigroup. Both have bested HSBC in the past in purchasing local banks during the post-Asian crisis turmoil. A local court in South Korea has been investigating allegations that Lone Star manipulated the stock price of the Korean bankâs credit card unit in 2003 so that the bank could take it over at a lower price.
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The personal finance software will be offered as a service for $3 monthly.
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Business & money: 9.30am: Shares in the bank jumped almost 3% after recommendation.
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HSBC&#39;s  private banking business  has been little hit by the ongoing credit crisis, the head of  the bank&#39;s private banking business, Chris Meares, told a Swiss  newspaper.
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Global bank HSBC Holdings  has won a government auction for Taiwan's The Chinese Bank Co Ltd, which had gross assets of approximately US$3.1 billion at September 30, it said in a statement on Friday.
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Aug. 18 (Bloomberg) -- Barclays Plc, the UK&#39;s third-biggest lender by assets, agreed to buy the US credit card business of Canadian Imperial Bank of Commerce for $293 million to expand into the world&#39;s biggest credit card market.
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HSBC Holdings PLC is being targeted by a high-profile U.S. activist investor group that wants to force a shake-up at Europe's biggest bank.
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Korea First Bank, South Koreaâs eighth-largest lender, said it would make an announcement on Friday regarding a stake sale, with global banking giant HSBC Holdings Ltd.
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HSBC Holdings Plc, Europe&#39;s biggest bank by market value, and Standard Chartered Plc are vying for control of Korea First Bank after neither of the UK-based lenders could agree a price with its biggest shareholder.
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Global banking giant HSBC said Monday it had agreed to buy a majority stake in South Korea&#39;s Korea Exchange Bank from US private equity fund Lone Star for about 6.3 billion dollars (4.6 billion euros) in cash.