HSBC pins hopes on Borat and IPO-pimping ATMs
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For make benefit sub-prime crisis Forget the good, old US of A. HSBC wants to bet on places like Kazakhstan for its financial future.â¦
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Danversbank is headed to Wall Street. The $1.2 billion-asset bank has applied to the state Division of Banks to become a publicly traded company. The bank filed an application last week to convert from a mutual bank, owned by its depositors, to stock ownership. Sandler O'Neil and Partners LP, an investment bank, will handle the stock sale, which must be ...
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HSBC's  private banking business has been little hit by the ongoing credit crisis, the head of the bank's private banking business, Chris Meares, told a Swiss newspaper.
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Chinese regulators expect Citigroup , HSBC Holdings  and two others to become the first foreign banks to issue local-currency debit cards to consumers in the world's fourth-largest economy, a senior banking regulator said on Thursday.
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Investor's Business Daily - Europe's largest bank by market value said its profit rose 5% in '06 to $15.8 bil, while operating income jumped 14% to $70 mil, despite losses in its mortgage operation. HSBC   projected it'll take 2-3 years to emerge from problems caused by home-loan defaults. Still, HSBC's CEO rejected claims the bank made unnecessarily risky U.S. loans. "This is not trailer park lending," Michael Geoghegan said. "This is Main Street America." Shares slid 0.4% to 85.91.
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HSBC Holdings PLC, one of the world's largest banks, said Tuesday that its underlying revenue growth slowed in the third quarter on a weaker performance in investment banking and an increase in bad loans.
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Computer glitches which led to chaos for HSBC customers on Monday are fixed, the High Street bank confirms.
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As mobiles move higher up fraudsters' hit list A British company, due to float on the Alternative Investment Market tomorrow, reckons it has the secret to secure mobile transactions.â¦
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HSBC Holdings , Europe's biggest bank, said on Wednesday it will open an insurance business in Taiwan as it aims to tap into the fourth-biggest insurance market in Asia.
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JPMorgan is said to be arranging an auction.
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LONDON/HONG KONG  - Shares of HSBC Holdings   dropped more than 2 percent on Thursday after the British lender announced its bad debt charge last year would be about $1.8 billion higher than expected.
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The firm is bringing its style of banking to new high-growth markets.
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HSBC Holdings, the European bank, said it would buy part of an office tower in Shanghai to house its China headquarters as it speeds up expansion in China. HSBC agreed to buy naming rights and occupy 20 floors of one of the twin towers of the Shanghai International Finance Center, to be completed by 2010, from Sun Hung Kai Properties, HSBC said in a statement to the Hong Kong Stock Exchange. The tower, a few blocks from the bankâs current headquarters, would be renamed HSBC Building-Shanghai IFC. Stephen K. Green, the chairman of HSBC, disclosed the deal at a news conference in Shanghai, but he declined to say how much the bank had agreed to pay.
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HSBC, the UK's largest bank, is backing a new $100m initiative to tackle global climate change.
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Firing back at banking competitors that have attempted to poach customers with offers of free stock trades and other perks, Boston mutual fund giant Fidelity Investments and other investment houses are rolling out some of the nation&#146;s most attractive checking accounts.
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U.S. and European banks including  Citigroup Inc  and HSBC Holdings PLC  are mulling  sales of parts of their businesses from branches to entire  units in a nod to crunch times ahead, the Wall Street Journal  reported on its Web site on Thursday.
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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.