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HSBC Holdings PLC

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  • Citi's SIV Move Gets Mixed Reviews On Street Friday, 14 Dec 2007 | 9:01 AM ET

    Futures drop about 6 points on CPI stronger than expected. Elsewhere: 1) Following HSBC and others, Citi said that it's bringing its $49 billion in SIV assets on its balance sheet. Taking this exposure onto their balance sheet can be viewed as a surprise--they had previously indicated that they would not take on any exposure beyond the $10 billion in liquidity funding they provided to the SIVs.

  • It's Official: Markets Are In Correction Monday, 26 Nov 2007 | 4:50 PM ET

    A late-day selloff pushed the major stock averages down 10% from their highs, meaning the market is now officially in a correction.

  • Credit Watch: Fed to Pump More Funds Into Markets Monday, 26 Nov 2007 | 12:50 PM ET
    HSBC

    The U.S. Federal Reserve and European Central Bank announced plans to pump more funds into troubled money markets to give banks enough cash to tide them through a year-end squeeze.

  • HSBC Restructures 2 SIVs, Provides $35 Billion Funding Monday, 26 Nov 2007 | 10:12 AM ET

    HSBC Holdings, Europe's biggest bank, has stepped in to support its two structured investment vehicles -- Cullinan and Asscher -- with funding of up to $35 billion to prevent forced sales of assets.

  • European Stocks End Higher, Energy Boosts Tuesday, 20 Nov 2007 | 11:50 AM ET

    Gains in energy shares helped European equities end more than 1 percent higher on Tuesday, paring the previous session's 2 percent fall.

  • Wells Fargo: Housing Slump Worst Since Depression Thursday, 15 Nov 2007 | 4:03 PM ET
    A Wells Fargo Bank in Palo Alto, California.

    Wells Fargo believes the nation's housing slump is the worst since the Great Depression and is far from over, Chief Executive John Stumpf said Thursday.

  • Bad-News Banks: Is Worst Of Debt Woes Really Over? Thursday, 15 Nov 2007 | 3:09 PM ET

    Several financial institutions have been telling investors that subprime  losses may not be as big as feared. Yet many wonder if it's all just wishful thinking.

  • US Stocks Fall On Credit Worries Thursday, 15 Nov 2007 | 11:16 AM ET

    US stocks closed an uneasy session lower as investors, uncertain if the worst of the credit crisis is over, refrained from extending Tuesday's huge advance.

  • HSBC Sparkles as European Stocks Rise for Third Day Wednesday, 14 Nov 2007 | 1:02 PM ET

    European shares rose for the third straight day on Wednesday led by British bank HSBC, which reported higher profits, but analysts and traders said sentiment was fragile and big investors cautious.

  • HSBC Revenue Growth Offsets Higher Bad Debt Wednesday, 14 Nov 2007 | 11:16 AM ET

    HSBC Holdings, Europe's biggest bank, said its third-quarter profits were ahead of last year's and revenue growth across the group offset a jump in its charge for bad debts in the United States.

  • Inflation, Retail, Subprime Numbers Help Futures Rally Wednesday, 14 Nov 2007 | 9:10 AM ET

    Futures rallying on economic and subprime news. 1) Economic news showed no inflation at the wholesale level and retail sales on the aggregate were a tad better than expected. 2) Two large financial companies made relatively positive comments concerning their subprime exposure this morning.

  • Banks Reel from Credit Crisis, but Hope for Rescue Monday, 12 Nov 2007 | 4:00 PM ET

    Help  may be on the way for the financial sector, but in the meantime individual institutions are continuing to get hit with damage from the growing subprime mortgage crisis.

  • Analysts See Subprime Losses Reaching $400 Billion Monday, 12 Nov 2007 | 9:23 AM ET

    Banks worldwide may lose as much as $400 billion from subprime mortgages, as at least one in four of the risky home loans go into default, analysts said on Monday.

  • Tech "Jitters" And Subprime Weigh On Markets Monday, 12 Nov 2007 | 9:12 AM ET

    Here's what I see this Monday morning:1) U.S. dollar finally showing some strength on weakness overseas, Hong Kong at a 6 week low, about 12% from historic high. 2) Jitters in tech land. All those momentum traders piling into techs in the last couple months are nervous.

  • HSBC Faces Another Hit from US Mortgages Sunday, 11 Nov 2007 | 9:32 AM ET
    HSBC

    Europe's biggest bank HSBC is this week expected to unveil a further big hit from its exposure to the U.S. mortgage crisis.

  • HSBC to Buy Stake in S.Korea Hana's Insurer Monday, 5 Nov 2007 | 11:46 PM ET

    HSBC Holdings is to buy a 49.9 percent stake in the life insurance unit of South Korea's No. 4 banking group, Hana Financial, an online media firm said on Tuesday.

  • HSBC Outranks Citi as West's Most Valuable Bank Monday, 5 Nov 2007 | 9:58 PM ET
    HSBC

    HSBC Holdings was one of the first and most exposed banks to the U.S. housing crisis, but the recent bigger problems of leading rivals mean its shares have outperformed to make it the West's biggest bank.

  • HSBC Outranks Citi as West's Most Valuable Bank Monday, 5 Nov 2007 | 1:09 PM ET

    HSBC Holdings was one of the first and most exposed banks to the U.S. housing crisis, but the recent bigger problems of leading rivals mean its shares have outperformed to make it the West's biggest bank.

  • Banks Offer More Than $60 Billion Towards Fund: WSJ Sunday, 21 Oct 2007 | 9:34 PM ET

    Banks and other financial institutions have expressed interest in providing more than $60 billion towards a super-sized fund aimed at bailing out structured investment vehicles, The Wall Street Journal reported on Sunday.

  • European Markets End Lower, Banking Stocks Slip Friday, 19 Oct 2007 | 12:22 PM ET

    The major European indexes closed in the red Friday as fresh record highs in the price of oil and a soaring euro versus the dollar gave rise to economic concerns. Banking stocks were among the worst performers, with the Dow Jones STOXX banking index down 1 percent.