Skip to: Content
Skip to: Site Navigation
Skip to: Search
SUNDAY, NOVEMBER 22, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: HSBC

HSBC stories: 10 news summaries
MARKETS

 Dow Up 115 on Manufacturing 

Oil hits $71.2 a barrel, highest price in a month

Aug 3, 09 3:11 PM CDT
(Newser) - Stocks rallied today on signs of a turnaround for US manufacturing, the Wall Street Journal reports. Oil rose $2.13, to $71.27 per barrel, its highest price in a month, and banks HSBC and Barclays reported strong quarterly earnings. The Dow closed up 114.95 to settle at 9,... More »

MORE ABOUT:
stock market • Barclays • Dow Jones • Nasdaq • HSBC • S&P 500 • manufacturing index • oil prices • financial crisis

Credit Card Firms Cut Deals With Delinquents

Newly relaxed policies allow firms to settle
for portion of debt

Jun 16, 09 8:25 AM CDT
(Newser) - With countless customers running behind on payments, credit card companies are taking it easy on delinquents, letting them off the hook in exchange for partial repayments, the New York Times reports. The firms began easing up on their previous policies last fall, experts say; now they’re letting frontline workers... More »

MORE ABOUT:
bankruptcy • debt • unemployment • credit card • HSBC • settlement • payments • banks • credit card accounts • delinquency

 Markets Dive as HSBC Shuts 
 US Business, Axes 6,100 

Banking giant sells record $17.8B in new stock

Mar 2, 09 3:47 AM CST
(Newser) - European and Asian markets took a nosedive today, and HSBC announced it will sell $17.8 billion in new stock in the largest rights issue in British corporate history. Europe's largest bank ended last year in the black, posting a $9.3 billion profit. But HSBC wrote off $10.6... More »

MORE ABOUT:
earnings reports • bank • HSBC • bonuses • writedowns • subprime lender

More Banks, Celebs Losers
in Madoff Scam

BNP Paribas, RBS join charities of Spielberg, Wiesel as Ponzi victims

Dec 15, 08 10:20 AM CST
(Newser) - Bernard Madoff’s alleged Ponzi scheme, which federal investigators say cost investors $50 billion, continues to claim more victims, reports the Wall Street Journal. Spain’s Grupo Santander and France’s BNP Paribas said yesterday they’re on the list, as are charities involving Nobel laureate Elie Wiesel and director... More »

MORE ABOUT:
Steven Spielberg • Royal Bank of Scotland • UBS • SEC • BNP Paribas • HSBC • Banco Santander • Ponzi scheme • securities fraud • Mortimer Zuckerman • Nomura Holdings • Frank Lautenberg • Bernard Madoff • Elie Wiesel

UK Banks 'Milk Borrowers' to Pay for Credit Crunch

Banks hike mortgage payments despite interest rate cuts

Aug 23, 08 7:19 PM CDT
(Newser) - Britain's big banks are being accused of hoisting nearly £3 billion in interest payments on customers to make up for bad bank investments, the Daily Mail reports. Seeking to recoup huge losses from assets linked to subprime US mortgages, the banks have hiked mortgage rates and fees despite interest... More »

MORE ABOUT:
United Kingdom • Barclays • bank • credit crisis • HSBC • Britain • banking • banking industry

MARKETS

 Oil Drops; Stocks Follow  

Gray day on Street ahead of Fed's policy meeting

Aug 4, 08 3:35 PM CDT
(Newser) - Stocks closed down today, giving back gains from an early rally despite a nearly $4 drop in crude oil prices as worries about economic growth and inflation persisted, the Wall Street Journal reports. The Dow fell 42.17 to close at 11,284.15, the Nasdaq lost 25.40 and... More »

MORE ABOUT:
inflation • Chevron • economic growth • Federal Reserve • Dow Jones • Nasdaq • HSBC • S&P 500 • financial stocks • Exxon Mobil

ANALYSIS

Asia Financiers Looking Askance at Western Banks

Credit crunch has investors, regulators questioning the model

May 16, 08 4:30 PM CDT
(Newser) - Bankers and regulators across Asia have grown wary of the big US banks they once invited to underwrite major moves, the Economist reports. One Chinese regulator described the West’s big banks to the magazine as “shit,” among signs the East no longer trusts the West’s wisdom,... More »

MORE ABOUT:
China • HSBC • Chinese banks • bank regulation

Wounded Bear Scrambles
for a Savior

Stearns hopes
to find a quick buyer
in troubled times

Mar 15, 08 3:38 PM CDT
(Newser) - What's next for Bear Stearns? A Wall Street institution for the better part of a century, it is now scrambling to find a buyer. Its best hope is JP Morgan, which provided a temporary lifeline yesterday along with the Fed. But other possible suitors include Citibank and HSBC, the Wall ... More »

MORE ABOUT:
Wall Street • Federal Reserve • Bear Stearns • Citibank • HSBC • emergency funding • Madison Avenue • subprime crisis • JPMorgan Chase

In Need of Cash, Banks Looking to Sell

It's a buyers market as banks unload 'everything from branches to entire units'

Dec 28, 07 7:48 AM CST
(Newser) - Still in need of cash, as subprime writedowns continue to maul bottom lines, US and European banks are selling off or shuttering non-critical assets. They've already sold stakes to foreign investors and borrowed from central banks; now it's time for the yard sale, as the Wall Street Journal puts it.... More »

MORE ABOUT:
Citigroup • subprime mortgages • Morgan Stanley • UBS • Merrill Lynch • HSBC

HSBC Shops for Controlling Stake in KEB

Bank looks to strengthen presence
in Korean economy

Aug 20, 07 3:29 PM CDT
(Newser) - HSBC is in talks to buy a controlling stake in Korea Exchange Bank from the U.S. private equity group Lone Star. A local newspaper has reported that the deal would be worth $4.5 billion. HSBC wants to strengthen its presence in the Korean economy, and Lone Star has... More »

MORE ABOUT:
bank • acquisition • US economy • HSBC • Korea Exchange Bank • Lone Star • Kookmin

10 Stories


from our news partners

Associated PressAssociated Press