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HSBC Holdings PLC

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  • 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.

  • U.S. Real Estate Fund Sues HSBC over Bond Deal: WSJ Friday, 19 Oct 2007 | 5:27 AM ET
    HSBC

    A U.S. real estate fund reportedly has sued HSBC alleging the its U.S. mortgage trading operation took advantage of the credit crisis at the expense of the fund.

  • HSBC Files for Anti-Trust Body Review of KEB Deal Tuesday, 2 Oct 2007 | 12:41 AM ET

    HSBC has applied for a review of its $6.3 billion purchase of a stake in Korea Exchange Bank to South Korea's Fair Trade Commission, the anti-trust body said on Tuesday.

  • 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.