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Market Watch (Free subscription) | 06/29/2009
TOKYO (MarketWatch) -- Hong Kong shares followed regional stock markets in posting modest gains Monday, with the Hang Seng up 0.3% at 18,661.54 in early trading. The Hang Seng China Enterprises was up 0.6% at 11,098.53. Financials were among gainers, with HSBC Holdings Plc. and Bank of China Ltd. each up 0.8%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move....
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Financial24 (Free subscription) | 06/04/2009
European companies have increased purchases of their asset-backed bonds tenfold this year, taking advantage of prices that slumped 70 percent and signaling to investors that the worst of the recession may be over. HSBC Holdings Plc, Europe's biggest 2 Vote(s)
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Financial24 (Free subscription) | 05/31/2009
Saudi Arabia's central bank ordered the country's banks to freeze the accounts of Maan al- Sanea, the Saudi billionaire who owns a stake in HSBC Holdings Plc, people familiar with the instructions said. The Saudi Arabian Monetary Agency sent circula 2 Vote(s)
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Financial24 (Free subscription) | 05/31/2009
Saudi Arabia's central bank ordered the country's banks to freeze the accounts of Maan al-Sanea, the Saudi billionaire who owns a stake in HSBC Holdings Plc, people familiar with the instructions said. The Saudi Arabian Monetary Agency sent circular 2 Vote(s)
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Financial24 (Free subscription) | 05/25/2009
Italian prosecutors today broke up an international ring led by the Sicilian Mafia that tried to use fake Venezuelan bonds to obtain credit lines totaling $2.2 billion from HSBC Holdings Plc, Bank of America Corp. (NYQ:BAC) and unidentified British 3 Vote(s)
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Financial24 (Free subscription) | 05/08/2009
May 7 - HSBC Holdings PLC: * Will ask US court to overturn mixed decision * Hsbc finance corp strongly disagrees with jury fingings in case of Lawrence E. Jaffe pension plan v. household inte
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Market Watch (Free subscription) | 04/24/2009
LOS ANGELES (MarketWatch) -- HSBC Holdings PLC will shut its stock-research and trading businesses in Japan, Bloomberg News reported Friday, citing bank spokesman Paul Allen. "We're migrating Japanese equity operations to Hong Kong," Tokyo-based Allen was quoted as saying. "We will continue to cover some Japanese companies using the HSBC global network, but we will not be doing research...
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Market Watch (Free subscription) | 04/06/2009
LOS ANGELES -- HSBC Holdings Plc. said Sunday it raised a net 12.5 billion pounds ($17.7 billion) in its recent rights offering to existing investors, a move the international banking giant said would boost its capital levels significantly. The 5-million-plus-share offering was priced at 254 pence, a 41% discount to HSBC's closing London share price on Friday. Of the total, close to 97% was sold,...
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Reuters UK (Free subscription) | 03/13/2009
NEW YORK, March 13 (Reuters) - The NAACP sued mortgage and banking units of Wells Fargo & Co and HSBC Holdings Plc on Friday, accusing them of charging excessive rates to African-Americans who took out subprime mortgages.
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Market Watch (Free subscription) | 03/12/2009
(Adds brokerage comment, information about HSBC share drop.) HONG KONG (MarketWatch) -- Financial Secretary John Tsang said Thursday the Hong Kong stock market might scrap a daily closing auction that has come under fire over a steep plunge in HSBC Holdings PLC early this week. The Securities and Futures Commission is investigating trading during Monday's 10-minute closing auction to see whether market...
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Daily Advance - Business (Free subscription) | 03/10/2009
HONG KONG — Struggling banking giant HSBC Holdings PLC, seeking $17.7 billion in fresh capital...
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Market Watch (Free subscription) | 03/10/2009
HONG KONG (MarketWatch) -- Hong Kong's Securities and Futures Commission is making inquiries regarding the plunge in HSBC Holdings PLC shares in Monday's closing auction, Financial Secretary John Tsang said Tuesday. HSBC tumbled 24% to close at HK$33.00 Monday, as investors sought to cut their holdings in the bank due to an adverse operating outlook and concerns of further price weakness ahead of its...
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NewsObserver.com - Business (Free subscription) | 03/03/2009
World stock markets fell further Tuesday as investors continued to fret about the global financial sector after American International Group Inc. reported the biggest quarterly loss in corporate history, and HSBC Holdings PLC slashed its dividend and revealed it needed to raise nearly $18 billion from shareholders.
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Business Wire (Free subscription) | 03/03/2009
CHICAGO--(BUSINESS WIRE)--Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.
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scold | 02/23/2009
RIYADH: Saudi bank and petrochemical stocks have continued to attract the interest of foreign fund managers despite the global downturn, HSBC's local investment banking affiliate said yesterday. readmore
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konaxis | 01/07/2009
Overseas banks see huge profit potential in the Chinese credit and debit card markets. They can’t help but notice that Chinese banks have already issued over 1.8 billion cards. According to industry analysts, credit cards in China will grow at about 35% between 2008 and 2012. The Bank of East Asia China, a wholly owned subsidiary of The Bank of East Asia, has launched its core credit card portfolio,...
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socialexpert | 10/09/2008
The government this morning announced details of its much heralded plan to shore up the British banking system.
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