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| View All Articles About 'Hsbc' |
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| 1. |
HSBC continues recovery after computer problem
HSBC Bank USA is apologizing to customers following a computer crash that interrupted services and delayed payday for thousands of people. A statement from the bank Friday said while most of the impacted systems are now up and running, recovery efforts continue.
22 Aug 2008 |
| 2. |
Karen Ward, economist at HSBC
"Due to current accounting standards, the latest calculations do not incorporate a 2.8% fall in financial intermediation, which may have taken around 0.2 percentage points off quarterly growth. While a number of factors that are due to change when the accounts are next revised could impact on this, the risk is that, following this accounting change, we will discover that (UK) second quarter GDP has contracted."
22 Aug 2008 |
| 3. |
HSBC spent $660,000 lobbying government in 2Q
The U.S. subsidiary of British financial conglomerate HSBC Holdings PLC spent $660,000 in the second quarter lobbying the federal government on mortgage lending and credit card rules, according to a recent disclosure form.
19 Aug 2008 |
| 4. |
Robert Lynch, currency strategist at HSBC
Dow Jones - "In theory, that condition (ECB target inflation od 2%) will preclude any further dovish shift by the ECB in the foreseeable future. However, the ECB's recent actions - shifting away from a hawkish bias despite continued high headline inflation and the increasing risk of second-round effects - raises the risk of credibility issues in the market's eyes."
14 Aug 2008 |
| 5. |
Stewart Hall, currency strategist at HSBC
Dow Jones - "Dollar sentiment turned negative rather swiftly Tuesday, with a better-than-expected trade number in the U.S. doing little to halt the decline. The stronger than expected (Canadian) trade data complimented the broader market move against the U.S. dollar."
12 Aug 2008 |
| 7. |
Kosuke Hanao, head of forex sales at HSBC
Thomson Financial News - "The deteriorating economic outlook for the euro zone and elsewhere is now having an impact after the market had become used to weakness in the U.S. economy. Technical factors may drive the dollar a little higher, but how long it will stay strong remains to be seen especially when the U.S. economy is not in good shape either."
12 Aug 2008 |
| 8. |
Hong Kong stock exchange closes due to storm
Hong Kong's stock exchange was closed Wednesday due to a severe tropical storm sweeping the region. Trading was canceled after weather officials issued a typhoon warning because of the storm, the exchange said in a statement. The storm was centered about 80 miles south-southwest of Hong Kong.
05 Aug 2008 |
| 9. |
Asia stocks fall amid resource rout; HSBC retreats
Asian markets dropped on Tuesday, as falling oil and metal prices hammered shares in resource companies and weak earnings from banking heavyweight HSBC Holdings PLC sent financial stocks lower.
05 Aug 2008 |
| 10. |
HSBC reports 1H fall in profit
HSBC Holdings PLC, Europe's largest bank by market value, reported Monday its steepest fall in profit since 2001 as costs for bad U.S. mortgage loans mounted.
04 Aug 2008 |
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