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  • Merrill Could Take Big Subprime Charge, Analyst Says Tuesday, 25 Sep 2007 | 2:19 PM ET

    Merrill Lynch's subprime mortgage unit, First Franklin Financial, could cut about $100 million from the brokerage's third-quarter profit on an impairment charge, a Wall Street analyst said Tuesday.

  • HSBC Shuts U.S. Subprime Unit, Cuts 750 Jobs Friday, 21 Sep 2007 | 12:20 PM ET

    HSBC, Europe's biggest bank, said it would close its U.S. subprime mortgage unit, cutting 750 jobs and taking an $880 million writedown, because the business is no longer sustainable.

  • The U.K.'s top banks are mulling borrowing funds from the Bank of England's 10 billion pounds ($20 billion) facility to remove the stigma attached to it and restore confidence in the banking system, the Financial Times reported Friday.

  • HSBC Dismisses Call for Strategic Change: Sources Thursday, 20 Sep 2007 | 7:45 AM ET

    Europe's biggest bank, HSBC Holdings, has rejected calls from an activist investor for it to review its strategy and shake up its corporate governance, people familiar with the situation said on Thursday.

  • HSBC's Green Not Considering Japanese Acquisitions Thursday, 20 Sep 2007 | 2:39 AM ET

    HSBC is not considering acquisitions in Japan and will instead focus on growth by itself as it rolls out retail banking in the world's second-largest economy, HSBC Chairman Stephen Green said on Thursday.

  • Stop Trading! Less Risk in KeyCorp Monday, 17 Sep 2007 | 3:15 PM ET

    After it sold off its mortgage unit, this bank is a natural takeout candidate, Cramer said.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • HSBC Targets South Korea's Insurance Market Thursday, 13 Sep 2007 | 10:10 PM ET

    HSBC Holdings, which has just completed talks to buy Korea Exchange Bank, now plans to enter the South Korean insurance market, a day after the global banking giant bought shares in a Vietnamese insurer.

  • Paulson Asks Lenders to Help Homeowners Wednesday, 12 Sep 2007 | 2:14 PM ET
    United States Treasury Secretary Henry Paulson

    U.S. Treasury Secretary Henry Paulson said on Wednesday a recovery in the subprime mortgage market will be slowed by a wave of interest rate resets and urged lenders to help troubled borrowers.

  • Paulson, Mozilo And A Simple Wrist Slap Wednesday, 12 Sep 2007 | 1:45 PM ET

    I have to admit I don’t know much about our nation’s Treasury Secretary. I do know that he followed orders from his boss today, and met with some of the country’s largest mortgage lenders. It’s all part of President Bush’s “Foreclosure Avoidance Initiative,” that he announced less than two weeks ago.

  • HSBC Shares Unruffled by Surprise Activist Assault Friday, 7 Sep 2007 | 8:31 AM ET

    Shares in HSBC Holdings were untroubled on Friday after a surprise late-night assault from activist investor Knight Vinke, as analysts said Europe's biggest bank was already working to address shareholder worries.

  • HSBC to Buy Korean Bank for $6.3 Billion Monday, 3 Sep 2007 | 8:47 AM ET
  • Subprime Auto Lenders Are Confident, Analysts Aren't Friday, 31 Aug 2007 | 12:56 PM ET

    U.S. subprime auto lenders say they do not see a rising wave of defaults, but over the past year they have made a number of moves to burnish the scratches and dents in their loan portfolios.

  • KKR Won't Yield in Battle for First Data Financing: WSJ Thursday, 30 Aug 2007 | 6:37 AM ET

    Private equity firm Kohlberg Kravis Roberts is unlikely to make major compromises in talks with banks over the financing of a $24 billion deal to take over electronic payment processor First Data, the Wall Street Journal reported on its Web site on Thursday.

  • Mortgage Crisis Widens at Accredited, HSBC, Lehman Wednesday, 22 Aug 2007 | 5:37 PM ET

    The U.S. mortgage and credit crisis deepened on Wednesday as Accredited Home Lenders , HSBC Holdings and Lehman Brothers announced job cuts, and concern mounted about the longer-term impact on the economy.

  • U.S. private equity fund Lone Star confirmed on Tuesday it is in exclusive negotiations with HSBC to sell its 51% stake in Korea Exchange Bank, with a market value of $4.8 billion.

  • HSBC in Talks to Buy Korea Exchange Bank Monday, 20 Aug 2007 | 1:12 AM ET

    HSBC Holdings said on Monday it was in talks to buy a majority stake in Korea Exchange Bank, valued at $4.5 billion and held by Lone Star, sending shares of Korea's fifth-largest lender higher.

  • Saving the U.S. Economy Tuesday, 31 Jul 2007 | 10:04 AM ET

    Key sectors like the homebuilders could continue to take a serious hit. But Cramer said it doesn’t have to be that way. Here are two things he thinks could save the market.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • HSBC First-Half Profit 13% Higher, Bad Debts Jump Monday, 30 Jul 2007 | 6:04 AM ET
    HSBC

    HSBC Holdings, Europe's biggest bank, posted higher first-half profit and struck an upbeat tone on the global economy on Monday, despite a big rise in bad debts linked to its problems in the U.S. housing market.

  • European stocks are likely to climb an additional 5% to 10% this year from current levels, boosted by double-digit profit growth, an executive with the fund arm of HSBC Holdings said on Monday.

  • 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.