hsbc sells 195 us branches for 1 bn

HSBC sells 195 US branches for $1 bn

British-based banking giant HSBC has announced it will sell 195 retail branches, primarily in upstate New York, to First Niagara Bank for an estimated $1 billion.
hsbcs new mobile platform access to homeaway lifestyle credit card privileges

HSBC’S new mobile platform access to home&away lifestyle credit card privileges

HSBC has launched on July 14th a mobile platform for its global credit card privileges programme, enabling cardholders to access HSBC’s Home&Away Privilege Programme anytime, anywhere on their iPhone and other compatible Apple devices.
hsbc vietnam named best foreign commercial bank

HSBC Vietnam named best foreign commercial bank

HSBC Bank (Vietnam) Ltd. has just been awarded the prestigious title of Best Foreign Commercial Bank in Vietnam.
weakest emerging market growth in the second quarter

Weakest emerging market growth in the second quarter

HSBC Emerging Markets Index (EMI) reported slow level of emerging market growth in the second quarter of 2011, its weakest level in the last two years, reflecting global economic fragility, the exceptional consequences of the Japanese tsunami and amid the lingering impact of recent inflation.
hsbc is ready to rise to the challenge

HSBC is ready to rise to the challenge

“But the beauty of a young market is you have an almost un-exploited land to discover.”
hsbc vietnam launched new online savings accounts

HSBC Vietnam launched new online savings accounts

HSBC Bank (Vietnam) officially launched on June 22 a high-interest online savings account to help their personal financial customers earn bigger returns on their savings.
hsbc bank vietnam has new ceo

HSBC Bank (Vietnam) has new CEO

HSBC (Vietnam) announced on June 14 Sumit Dutta officially assumed his role as Chief Executive Officer for HSBC Bank (Vietnam) Ltd since May.
hsbc warns of east west divide on pensions

HSBC warns of East-West divide on pensions

Global banking giant HSBC warned of a "major East-West divide" over pensions on Thursday, as workers in Europe and the US struggle to match their Asian counterparts in adequately saving for retirement.

Citi, DBS and HSBC provide syndicated loans to Vietnam Airlines

Three banks of Citi, DBS and HSBC today joined together to provide a syndicated loan, to Vietnam Airlines for the purchase of eight Airbus A321-231S from Airbus.
first foreign banker to receive certificate of merit

First foreign banker to receive certificate of merit

HSBC Bank Vietnam’s chief has received a State Bank certificate of merit. Thomas Tobin is the first foreign banker to receive this award from Vietnam’s national banking authority.
hsbc targets five billion dollar markets in asia

HSBC targets five ‘billion dollar’ markets in Asia

HSBC expects India, Singapore and Malaysia/Indonesia to each deliver over $1 billion in profit before tax in the medium term, joining Hong Kong and mainland China as ‘billion-dollar’ businesses, to accelerate the bank’s growth in the region.
hsbc shares fall in hong kong after cost cut plans

HSBC shares fall in Hong Kong after cost-cut plans

Shares in HSBC fell in Hong Kong Thursday, a day after the banking giant announced plans to slash costs by up to $3.5 billion by 2013 and said it was considering selling its US branch network.
hsbc bank slashes costs as new boss stamps mark

HSBC bank slashes costs as new boss stamps mark

HSBC bank on Wednesday unveiled plans to slash costs by up to $3.5 billion within two years, as new boss Stuart Gulliver stamped his mark and drew a line under the global financial crisis.
hsbc bank to seek 25 35 bln of cost savings

HSBC bank to seek $2.5-3.5 bln of cost savings

Banking giant HSBC said Wednesday it will cut $2.5-3.5 billion (1.7-2.4 billion euros) in costs by 2013 as part of a strategic review, two days after unveiling mixed first-quarter results.
hsbc delivers mixed earnings before key strategy update

HSBC delivers mixed earnings before key strategy update

HSBC bank said on Monday that net profits surged 58 per cent to $4.15 billion in the first quarter on lower taxes and bad debts, as the Asia-focused giant prepared to deliver a key strategy review.