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HSBC Relocates CEO To Hong Kong For Asia Expansion

In a move to strenghten its Asian presence and emerging markets HSBC decided to relocated its CEO to Hong Kong. This is in line with the group's earlier strategy to expand in Asian and emerging markets. HSBC says the Holdings will remain domiciled in the UK.

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Dream of the Red Chamber Reinvented as Investment Manual

HSBC’s innovative rewrite of the classic 18th century Chinese tale, Dream of the Red Mansion, as a financial planning text.

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Investment Wisdom from Chinese Classic, “The 36 Stratagems”

A 2,500-year-old military classic ingeniously reinterpreted and applied for investors.

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Global Stock Fall Further On Latest Economic Data

World shares tumbled Monday as the recession worsened in the U.S. and more bad international corporate news was released. In London, banking giant HSBC Holdings announced it was seeking to raise nearly $18 billion from investors and British Prime Minister Gordon Brown prepared for his meeting later this week with U.S. President Barack Obama at the White House.

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HSBC announces winners of the HSBC Student Bursary Awards

Three London students and a Birmingham sports science student have each won one of four £30,000 HSBC Student Bursaries following a national competition to identify and support high potential individuals starting out in student life.

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HSBC Mexico Deploys Cisco Unified Communications Solution

Cisco announced that HSBC Mexico has deployed a Cisco Unified Communications solution that will help the financial institution lower costs by converging voice, data and video onto one network. This will also enable the bank provide better services to its customers and employees.

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Britain's Biggest Bank Takes $17 Billion Hit on US Credit Woes

Britain's largest bank, HSBC, has written off $17.2 billion in bad debt after the U.S. housing market slide hit the value of its loans in 2007. The annual loss is the largest reported amongst Britain's big five mortgage lenders. For VOA, Tom Rivers in London reports.

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HSBC Unveils Household Bank Credit Cards

The Household Bank Credit Card, issued by HSBC Bank Nevada, N.A., start from 0% introductory rate and go for 12 months on that rate. This makes The Household Bank Credit Cards a great tool for family finance.

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Fire reported at One HSBC Center in downtown Buffalo, New York

According to scanner frequencies of the Buffalo, New York fire department, smoke has been reported on at least five floors at the northeast side at One HSBC Center in downtown Buffalo. The call cam in around 10:50 p.m. (Eastern Time).

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How the World Bank and HSBC are investing in deforestation

Congo, The Democratic Republic of the — Back in April, at the World Bank's spring meeting, there was much talk about the plight of the Congo rainforest.

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HSBC to Implement Fraud Detection Service from VeriSign

HSBC USA Inc., the U.S. banking unit of one of the world's largest financial services companies, and VeriSign, Inc., the leading provider of intelligent infrastructure services for the networked world, today announced an agreement for HSBC USA to deploy the VeriSign Identity Protection (VIP) Fraud Detection Service (FDS) to enhance the protection it provides to customers to prevent identity theft and fraud.

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Vietnam to Sell Shares in State Banks

Vietnam says that four of the country's state-owned banks will sell shares to private investors by the end of this year. The announcement is part of a drive to privatize state-owned companies and make them competitive with foreign rivals. Western investors say they are eager to buy in. In Hanoi, Matt Steinglass has more.

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