HSBC Holdings PLC


  • South Korea's KEB Surges After Report on HSBC Interest Wednesday, 18 Jul 2007 | 1:25 AM ET

    Shares in Korea Exchange Bank soared as much as 8% on Wednesday, buoyed by a report that HSBC Holdings has contacted U.S. private equity fund Lone Star about buying the Korean lender.

  • HSBC Expresses Interest in KEB to Lone Star Tuesday, 17 Jul 2007 | 12:26 AM ET

    HSBC Holdings has contacted Lone Star about buying Korea Exchange Bank  from the U.S. private equity fund, the U.K.'s Daily Telegraph reported on Tuesday.

  • Ford Working with Advisers On Jaguar, Land Rover Tuesday, 12 Jun 2007 | 2:16 PM ET

    Ford Motor said on Tuesday it was working with financial advisers on the best options for its European luxury brands Jaguar and Land Rover.

  • Australia's ANZ Appoints HSBC's Smith as CEO Tuesday, 12 Jun 2007 | 2:03 AM ET

    Australia and New Zealand Banking Group, Australia's third-biggest bank, said it has appointed Michael Smith, head of HSBC Holding's Asian business, as its new chief executive.

  • HSBC Head of Global Capital Markets Leaves Wednesday, 30 May 2007 | 1:08 AM ET

    HSBC Holdings, which has struggled to build its investment banking franchise, said on Wednesday that its head of global capital markets, Danny Palmer, was leaving after less than three years with the firm.

  • HSBC Sees Good Start to 2007, No Comment on ABN Friday, 25 May 2007 | 10:10 AM ET

    HSBC, Europe's largest bank, said on Friday it had made a good start to 2007, helped by a strong performance in Asia, but declined to comment on market rumours that it could be interested in takeover target ABN Amro.

  • Dow Sets Another Record as Financials, Telecoms Rally Wednesday, 2 May 2007 | 4:36 PM ET

    Stocks closed higher and the Dow ended at another record high, buoyed by sharp gains in financial and telecom stocks. "With strong earnings and reasonable valuations, you should expect stocks to go higher," said Ed Keon, chief investment strategist at Prudential. "I think the market represents good value."

  • The Shanghai stock exchange is in talks with HSBC and other high-profile foreign firms to list their shares in mainland China, as part of its strategy to revive the recently moribund bourse, the Financial Times reported on Tuesday.

  • Four Foreign Banks in China Start Yuan Retail Services Monday, 23 Apr 2007 | 12:57 AM ET

    Citigroup, HSBC and two other foreign banks on Monday officially began offering local currency retail banking services to customers in mainland China, aiming to woo potential clients with better services than local lenders usually provide.

  • Investors celebrated Tax Day with a broad-based rally and the S&P 500 closed at its highest level in nearly seven years, boosted by Citigroup's strong earnings report and a surge in M&A activity. "Expectations for this quarter are quite low and so far everything has beat, which has given the market a boost," said Barry Hyman, market strategist at EKN Financial.

  • Saudi Investor Buys 3.3 Billion Pound HSBC Stake Monday, 16 Apr 2007 | 10:25 AM ET

    A Saudi Arabian investor has bought a 3.3 billion pound ($6.6 billion) stake in Europe's biggest bank HSBC Holdings in the past two months, and sees the stake as a long-term investment, his spokesman said.

  • HSBC to Nearly Double Outlets in China This Year Sunday, 1 Apr 2007 | 10:32 PM ET

    HSBC Holdings plans to nearly double its number of outlets in China this year as it develops its yuan retail banking business.

  • HSBC Holdings is set to launch retail banking operations in Japan early next year and plans to open as many as 50 branches within four years, the Financial Times reported on Friday.

  • An Indian Affair Monday, 26 Mar 2007 | 1:51 AM ET

    "A Fund Affair" is a brand new column that focuses on mutual funds available in Asia. Each week, we will highlight one fund we think is interesting -- whether because it's invested in a hot market, has a niche appeal or simply has been in the news of late.Our inaugural column features the Aberdeen Asset Management's India Opportunities Fund. Why this fund? A hot topic of debate of late has been the outsourcing of business processes to India. India's benefited from these many contracts. So we decided to explore what India and its economy has to offer the investor and how well Indian companies have performed of late.

  • Facing an increasingly competitive market, online banks are launching checking accounts with attractive rates.

  • New Century Executives Won't Testify at Senate Hearing Wednesday, 21 Mar 2007 | 11:23 AM ET

    Executives from four major subprime lenders -- but not New Century -- will appear at the Thursday hearing, the committee chairman, Christopher Dodd, said in a statement.

  • Stocks Close Mostly Lower, But Chip Rally Lifts Nasdaq Thursday, 22 Feb 2007 | 4:12 PM ET

    Stocks closed mostly lower, dragged down by higher energy prices and defiance from Iran.  Technology rallied on strength in computer chips, giving the Nasdaq a boost. "Investors are somewhat cautious at these market levels," Michael Sheldon, Chief Market Strategist at Spencer Clarke,  told CNBC.com. 

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  • When--Or If--Housing Ever Hits Bottom Floor Friday, 9 Feb 2007 | 1:51 PM ET

    This week HSBC Holdings admitted that it would be spending more money than originally anticipated to cover subprime loan defaults -- $1.76 billion more than analysts predicted. Now there’s concern over the mortgage-backed securities that go along with these riskier credit advances, and even more concern over the housing market in general.

  • Stocks finished lower as new worries about the mortgage lending market depressed financial shares and a late surge in oil prices drove energy stocks higher. "Crude rallied 4% in 10 minutes and it just turned energy stocks on a dime," said Michael Driscoll, Senior Managing Director in Equity Trading at Bear Stearns.