EARNINGS FORECAST TABLE: HSBC Holdings 2Q 2010
29th Jul 2010 15:27
FRANKFURT (Dow Jones)--The following is a summary of analysts' forecasts for HSBC Holdings plc's (HBC) half year results, based on a poll of 7 analysts by Dow Jones Newswires (in million USD; dividend in USD, target price in pence, according to IFRS). Earnings figures are scheduled to be released Au
Read moreEARNINGS PREVIEW:UK Banks 1H Good On Charges, Hit By Mkt Woes
29th Jul 2010 15:24
By Patricia Kowsmann Of DOW JONES NEWSWIRES TAKING THE PULSE: U.K. banks will likely report higher pretax profit for the first half of the year on lower impairment charges, although investment-banking activities could disappoint following a shaky second quarter, analysts say. "Overall, t
Read moreCORRECT: 2nd UPDATE:Santander Plans 4-Yr Euro Bond At Swaps +1.60 Area
29th Jul 2010 14:59
("=2nd UPDATE: Santander Plans 4-Yr Euro Bond At Swaps +1.60 Area," at 1111 GMT, wrongly attributed the comment in the last paragraph. The correct version follows:) (Adds details, background) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Spain's Banco Santander SA plans
Read moreMetro Bank Opens Its Door In Bid To Change Face Of UK Banking
29th Jul 2010 11:28
By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Metro Bank PLC, the brainchild of U.S. entrepreneur Vernon Hill, opened its first branch Thursday in a bid to become a major player in the U.K., but banking experts said its success will depend on how much emphasis customers wi
Read moreIPF Pricing EUR200M Minimum Bond To Yield Around 11.25%
29th Jul 2010 10:58
LONDON (Dow Jones)--International Personal Finance (IPF.LN) will price at least EUR200 million of five-year bonds to yield in the region of around 11.25%, one of the banks leading the deal said Thursday. Citi and HSBC Holdings PLC are joint bookrunners on the unsecured deal, which is expected to
Read moreUPDATE: Santander Plans 4-Year Euro Bond At Swaps +1.60 Area
29th Jul 2010 10:44
(Adds detail, background, comment) By Mark Brown Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Spain's Banco Santander SA plans to issue a euro-denominated, benchmark, senior unsecured bond, maturing August 2014, and has set guidance in the area of 160 basis points over midswaps, as the d
Read moreSantander Plans 4-Year Euro Benchmark Bond At Swaps +1.60 Area
29th Jul 2010 09:28
LONDON (Dow Jones)--Spain's Banco Santander SA is planning to issue a euro-denominated, benchmark bond, maturing in August 2014, and has set guidance in the area of 160 basis points over mid-swaps, one of the banks running the sale said Thursday. HSBC Holdings PLC, Natixis, and Santander are joi
Read moreMARKET TALK: HSI Down 0.1%; 20,500-21,200 Range N/T -Wing Fung
29th Jul 2010 07:48
0648 GMT [Dow Jones] HSI down 0.1% at 21,071.52, snapping 7-session winning streak (+5.0%), but profit-taking looks modest so far, as China markets remain buoyant (Shanghai Composite last +0.6%), says Mark To at Wing Fung Financial. Tips 20,500-21,200 near-term trading range. "Consolidation looks in
Read moreMARKET TALK: HK Short Sales Down 5.9% Midday; A50 Leads
29th Jul 2010 06:53
0553 GMT [Dow Jones] HK short-selling volume down 5.9% at HK$1.339 billion midday, 4.2% of total market volume vs 4.3% at Wednesday's midday, suggesting view HSI's 0.1% retreat normal consolidation following 7-day winning streak. A50 China Tracker (2823.HK) tops list with HK$163.63 million, no other
Read moreMARKET TALK: HK Short Sales Down 6.2% Thursday; AgBank Tops
29th Jul 2010 00:31
2331 GMT [Dow Jones] HK short-selling volume down 6.2% at HK$2.804 billion yesterday, as percentage of total market volume at 5.0% little changed vs Wednesday's 4.8%, suggesting bears remained reluctant to short amid HSI's 8-day winning streak. Agricultural Bank of China (1288.HK) led with HK$281.28
Read morePRESS RELEASE: Fitch Upgrades HSBC Bank (Uruguay)'s Ratings after Sovereign Upgrade
28th Jul 2010 20:43
The following is a press release from Fitch Ratings: Fitch Ratings-Buenos Aires-28 July 2010: Fitch Ratings has upgraded HSBC Bank (Uruguay) S.A.'s ratings following the upgrade of Uruguay's sovereign ratings announced on July 27, 2010 as follows: --Foreign currency Issuer Default Rating (I
Read morePRESS RELEASE: HSBC Private Bank Appoints Mark Pittsey Regional Manager for the Bay Area and Northwest Region
28th Jul 2010 18:02
NEW YORK--(BUSINESS WIRE)--July 28, 2010-- HSBC Private Bank today announced the appointment of Mark Pittsey as a Managing Director and Regional Manager for the Bay Area and Northwest Region of the United States. Reporting to Patrick Campion, CEO US Private Bank, he will head the HSBC Private Ba
Read moreHSBC Hires Private Banking Chief For US Northwest Region
28th Jul 2010 17:59
By Thomas Coyle Of DOW JONES NEWSWIRES HSBC Private Bank has made former Deutsche Bank (DB, DBK.XE) wealth manager Mark Pittsey head of its office in San Francisco and manager of its U.S. northwest region. As a report to Patrick Campion, chief executive of HSBC's U.S. private bank, Pitts
Read morePRESS RELEASE: HSBC Names Cards Executive Patrick Burke as HSBC Finance CEO
28th Jul 2010 15:52
Brian Hughes Promoted to Head of Card and Retail Services METTAWA, Ill.--(BUSINESS WIRE)--July 28, 2010-- Patrick "Pat" Burke has been appointed Chief Executive Officer (CEO) of HSBC Finance Corporation, to lead the U.S. consumer finance division. Burkes's appointment was effective July 12, 2010
Read moreEIB Prices GBP200M 2014 Bond At Par, Sterling Libor +0.07
28th Jul 2010 14:29
LONDON (Dow Jones)--The European Investment Bank has priced a GBP200 million bond via lead managers Deutsche Bank AG and HSBC Holdings PLC, one of the lead managers on the deal said Wednesday. Terms are as follows: Amount: GBP200 million Maturity: Jan. 30, 2014 Coupon:
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