hsbc

That may explain why HSBC was one of a trio of European banks to defend the integrated model just last week.

The HSBC reading was the lowest in a year, reflecting relatively lacklustre demand in domestic and foreign markets.

As Stephen King, an economist at HSBC, has pointed out, the result might have been a benign deflation that boosted Western living standards.

This showed a contraction in the bank's purchasing managers' index, with it falling below 50 to its lowest level in a year.

HSBC and Standard Chartered, whose businesses are more internationally focused, had never been expected to take part.

Maybe this is what HSBC's own chief executive meant when he said earlier this month that emerging markets were in for a bumpy ride.

Karen Ward, UK economist at HSBC, said the rise in labour availability was "just what the Governor [of the Bank of England] ordered" .

He said in an interview that 'I have always been a follower of HSBC, ' but is still weighing the rights issue.

HSBC defended its pay plans, pointing out that it had not taken taxpayers' money during the crisis and had been profitable.

But HSBC and Barclays continued to see significant loan-impairment charges in the third quarter.

HSBC Holdings Plc, Europe's biggest bank by market value, is ready to list its shares on the proposed international board in Shanghai.

Neither the Bank nor any other HSBC Group member(s) is providing any financial or investment advice.

HSBC said it did not comment on individual cardholders and would not discuss its policy toward settlements.

But regardless of what actually is afoot, from a number of angles, HSBC would be better off moving back to its historical roots in Asia.

People familiar with the matter do not expect the deal with HSBC to be affected by the ABN Amro China investigation.

Michael Geoghegan is to step down as chief executive of HSBC at the end of the year, according to two people close to the bank's board.

HSBC management, though, has said the parent bank will stand behind the U. S. unit.

Barclays said it had taken hits in areas such as Spain and the Middle East, while HSBC continued to rack up impairments in its U.

Economists at HSBC say that the correlations between industrial output and commodity prices began to fall apart a few years ago.

HSBC said the euro's next upside target is $1. 4720, a breach of which should propel the unit to its highest in nearly a year.

HSBC does not look in a great state, but remains fit enough to be able to admit its weaknesses.

But it had served the bank well enough since 1992, when the takeover of Midland in the UK meant HSBC had to kowtow to local rules.

Jenny Lai, head of Taiwan Research at HSBC, said Lenovo's sales in those two markets "would not be enough to make up the $1bn gap" .

Mr Daniels is one of several bank bosses, including Barclays' John Varley and HSBC's Stephen Green, to step down in recent weeks.

After dropping below 50 at the end of the second quarter, HSBC's purchasing managers index has picked up in the last two months.

That may all sound like a disaster but, depressingly, HSBC is one of the best-performing banks in the western world right now.

HSBC has clarified that it has no connection with the fraudulent website .

And like many banks, HSBC argues that there is at least some chance mark-to-market losses overstate the ultimate impairments it will face.

'For my parents' generation, all you had to do was sit on HSBC shares and things went your way, ' he said.

Stephen Green, HSBC chairman, said: "We have passed or are about to pass the bottom of the cycle in the financial markets. "

HSBC, one of the worlds largest financial services organizations, has a long history in supporting nature conservation all over the world.

HSBC posits the benefits of its global network as if the facts spoke for themselves.

Qu Hongbin, China chief economist at HSBC, said the "upbeat reading" implied the growth slowdown seen in previous months was decelerating.

However, big international banks, including Citibank and HSBC, said they had not even been approached about transferring the funds.

An HSBC spokeswoman said the company doesn't comment on pending litigation.

As HSBC says: "After many years of deficit, we anticipate that the platinum market will swing into a surplus . . . in 2009. "

"Risk management ensures there's not so much of that trade now, " said HSBC's Gascoigne.

Since its inception, PDC has expanded at a rapid pace and is now a key department for delivery of banking systems within the HSBC Group.

HSBC has made it clear that it would like to be among the first foreign companies to list.

HSBC says it has a policy of never paying journalists and that it was not involved in organising the China Charity Foundation event.

HSBC plans to send out sales material to roughly 20 real-estate investors this week, a person familiar with the matter said.

Barclays, Deutsche Bank, HSBC and Royal Bank of Canada are among the names to have been bandied about as predators in recent weeks.

A person familiar with the matter said HSBC plans to send out sales material to about 20 real estate investors this week.

Britain's biggest bank, HSBC, is preparing to announce major changes to its senior management amid reports of a boardroom power struggle.

HSBC economist Qu Hongbin said the reading confirmed that 'China is moderating rather than melting down. '

"I cannot completely rule out the possibility, but it's a small probability, " says Steven Sun, regional equity strategist at HSBC.

Despite the massive write down due to the U. S. credit problems, gains elsewhere around the world kept HSBC in profit.

Stuart Gulliver, HSBC's new boss, confirmed that the bank is to scale back its global business.

HSBC made $1. 6bn, respectable enough but flat on the previous two years and less than an eighth of the global take on an underlying basis.

HSBC, which operates 26 branches on the mainland, said the rules would allow it "to further expand our network and service range" .

U. K. banks are required to report earnings only twice a year, so HSBC's quarterly figures from a year earlier weren't available.

But a glorious history often seems to impede clear thinking at HSBC.

HSBC is in the unusual position of having a huge cushion of capital and its tier one ratio is now at its highest levels for two decades.

"The impact of higher raw material prices will be passed to consumers, " said Thorsten Zimmermann, a steel analyst at HSBC in London.

A disaster of the scale of the blow-up HSBC saw in its US consumer finance business would have been enough to bring down many banks.

China is also directing about a third of its economic stimulus to green ends, according to research by the bank HSBC.

In Taiwan, the bank yesterday said it would start selling insurance through its HSBC brand.

HSBC Global Research estimated the total green share could be over a third of the total package.

"For the next 18 months to two years, investors will be a little cautious, " says HSBC's Mr Parmar.

HSBC is one of three banks authorized to print the local currency, so its name can be found in just about everybody's hands and wallets.

I was lured into HSBC, then Midland Bank, at the age of eight by the offer of a dictionary and sports bag.

According to a survey to be released Tuesday by HSBC Holdings, the average age of the wealthiest 10% of investors in mainland China is 36.

HSBC will likely hang on to its influential equity stakes, although it is hedging its bets by expanding its own mainland branch network.

An HSBC spokeswoman said the firm doesn't comment on its vault due to 'security concerns. '

In such situations, says Paul Ryder, HSBC's head of resourcing, the bank's policy is to respect the person's wishes.

"If there is one or two more years of this, then things become more tricky, " the HSBC executive says.

HSBC forecast that import growth would 'moderate' due to slowing domestic demand and a 'downshift' in international manufacturing.

HSBC has played its hand on the mainland better than any other foreign bank.

HSBC had a relatively good financial crisis. It did not need a bail-out.

Indeed, an HSBC PMI on services had indicated growth in the sector slowed down in November from October.

At least, says Qu Hongbin, of HSBC bank, inflation is moderating, increasing the scope for stimulatory policies.

HSBC Private Bank uses some of these structures in its portfolio proposals for high net worth clients.

But the strong euro, especially if it stays at an uncomfortably high level for some time, will worsen the trend, says Robert Prior of HSBC.

HSBC has hired older salespeople, often the bank's own retired staff, to make a good impression with their peers.

HSBC offered a payroll facility for clients wanting to pay staff in renminbi, but so far there have been no takers.

Since October 2005, Ms Munro has been global chief investment officer of HSBC Investments, which had responsibility for multi-management.

Close to 90 per cent of the respondents said they were familiar with the name HSBC.

The person said the engagement of HSBC was preliminary and didn't mean the Chinese company has decided to bid.

'Even if Western economies slip into a renewed recession, the impact on China's growth should be much smaller than three years ago.

HSBC profit for the company's credit almost no risk to the risk of loans is certainly a great loss.

Qu Hongbin, an economist at HSBC, forecasts that exports in the first quarter could be 19% lower than a year ago.

'The World Cup has been a booster shot, ' says Clyde Wardle, emerging-markets currency strategist at HSBC Holdings.

HSBC China's $293m bond issued in September 2009 was one of the biggest.

Regardless of who wins and earns the number-one ranking, one thing is certain about this year's HSBC Champions.

HSBC also believes the yuan will gradually appreciate by three to five percent a year.

It will examine how so much data could have been stolen and whether HSBC's response had met legal requirements.

The solution from HSBC PLC, owner of one of the biggest vaults in the U. S. : somewhere else.

Buffeted by slowing economies around the world and losses at its U. S. consumer-lending operation, HSBC is in fund-raising mode.

The HSBC ads will appear opposite the three covers, inside the front cover flap, on the inside back cover and on the back cover.

HSBC forecasts a rise in global steel prices due to falling production in China until at least the end of the current five year plan.

HSBC, Standard Chartered and Citigroup have taken over small Taiwanese banks in the last two years.

Qu Hongbin, economist at HSBC, said: "This is just a slowdown towards more sustainable growth, not a meltdown. "

"One of our big growth areas is philanthropy, " says Russell Prior, head of philanthropy at HSBC Private Bank.

HSBC is still awaiting clearance from the Chinese authorities to go ahead with a stock market listing in Shanghai.

"Chinese consumers tend to have low brand loyalty, especially in the lower-tier cities, " HSBC said in a recent report.

'Beijing must keep credit tight for the rest of the year to check inflation, ' says Qu Hongbin, China economist for HSBC.

Behind the scenes, authorities debated for months the advantages and perils of a criminal indictment against HSBC.

HSBC has lost $42. 2 billion to date, most of it thanks to its disastrous foray into America's subprime-mortgage market.

HSBC told Edward McClelland it would forgive 20 percent of his balance if he paid it off.

HSBC is telling clients to either move their metal, or prepare for it to be delivered to their doorsteps.

Michael Geoghegan, chief executive of HSBC, this week told the FT he was also sceptical about the risk of a property bubble.

'Households have now become a driver in the recovery' across the region, says Frederic Neumann, Asia economist for HSBC.

HSBC, another carbon-neutral bank, finds the market for offsets so murky that it bypasses all brokers and devises its own projects.

The price target of the company was further lifted by Goldman Sachs and HSBC.

HSBC includes retail banking, credit cards, insurance, pension savings and investments in its personal financial services operations.

"It's a difficult market in Russia. You can't just come in and say, 'I'm HSBC', " said an executive at a rival Russian bank.

"We believe inflationary pressures will peter out in the coming months, " said Qu Hongbin, at HSBC.

We talk in his office at HSBC's headquarters in London, where he is freshly returned from breakfast with the Chinese ambassador.

HSBC is now 'a vastly different bank from the conservatively run local institution' of decades ago, one newspaper editorial said.

This combination of factors means HSBC is left as the only natural buyer for what RBS is selling.

For its first 85 years HSBC concentrated on Asia, although it retained a presence in London.

Mr Madoff predicted two other banks being sued by Mr Picard, HSBC and UBS, "are going to have big problems" .

In theory HSBC has the right to increase its stake in BoCom to 40% if regulators approve, but it is far from clear that they would.

HSBC also forecast additional reserve ratio cuts and an increase in the amount of total lending Chinese authorities would approve.

HSBC is pursuing criminal charges against Mr. Falciani in Switzerland, but for the moment he remains free in France.

Hang Seng Bank is a principal member of the HSBC Group, one of the world's largest banking and financial services organizations.

[font=Times New Roman][color=#000000]So far, the authorities have been cautious, says Alain Cany, HSBC's chief in Vietnam.

It is a measure of the severity of the crisis that HSBC executives talk of "signature financial strength" with a straight face.

Brazilian financial chiefs are known to tap their temples and say that HSBC is, in their considered view, nuts.

"We are no longer in a world driven by the US, but one driven by the emerging markets, " says Stephen King, chief economist at HSBC.

However, Stephen King and Stuart Green, economists at HSBC, argue in a recent report that it raises many awkward questions.

So far, the authorities have been cautious, says Alain Cany, HSBC's chief in Vietnam.

Northbound opposite HSBC Centre will continue to be temporarily relocated to Hoi King Street outside HSBC Centre .

Expectations are already low, after a report last week from an HSBC survey of purchasing managers pointed to a fall in manufacturing output.

Yet as a 250-page report by HSBC Global Research argues, the country's economic miracle has not been confined to the megacities.

HSBC allegedly coached one Iranian bank on how to avoid setting off alarms at HSBC when routing transactions through the British lender.

Mr Flint was an ally in identifying HSBC's problems in the US sufficiently quickly.

Two directors of The Economist Newspaper are also directors of HSBC; they were not approached for this article.

HSBC forecast that China, India and smaller markets including Vietnam and Indonesia would account for an increasing share of profit.

HSBC estimates that this might reduce Chinese economic growth to 8 per cent.

In April, HSBC helped arrange the first, and so far only, initial public offering outside mainland China to be denominated in renminbi.

That fits the mantra jokingly muttered by HSBC types since the deal was struck: "We'll have BoCom in the end, but it'll go bust first. "

The establishment of the global business will enable HSBC to distribute funds around the world.

HSBC says the growth in new skills in the region is due to a 'massive growth' in investment in research and development.

More than a quarter of Chinese people in the HSBC study said the prospect of caring for their parents made them anxious.

The preliminary reading of the HSBC index is one of earliest indicators to shed light on the Chinese economy's performance each month.

The scheduled keynote speaker was Sandy Flockhart, head of Asia operations for HSBC - one of the world's top-five banks.

In the financial sector, meanwhile, banks like HSBC, UBS and Nomura are cutting jobs around the globe.

"The permitting process has been easier in the United States than in certain countries in Europe, " said HSBC's Robert Clover.

However, HSBC also said its sub-index for Chinese factory output fell to 49. 6, which would be consistent with a slight fall in production.

with the help of HSBC, developing international exchange& international settlement to improve off-balance sheet and overall profitability.

But HSBC can fairly portray Mr Gulliver as a different kind of banker, given the group's low risk profile and emerging markets focus.

HSBC is backing the British & Irish Lions' rugby tour to South Africa, which starts this weekend.

Mr Pickerell was head of the Asian fund management arm of HSBC, where he led the bank's expansion into the Chinese retail fund market.

HSBC has told retail clients to remove their small holdings from its fortress beneath its tower on New York City's Fifth Avenue.

The HSBC situation involves a case in which Mr. Falciani apparently tried and failed to market the stolen data to several governments.

HSBC this month confirmed it was increasing base salaries as a proportion of total compensation.

"Inflation is set to rise further in the coming months, ? outweighing growth risks as the top concern, " HSBC said.

HSBC's performance is under close scrutiny from investors and rivals looking for signs of a worsening crisis in the US.

But Mr. Qu of HSBC cautioned that the recovery was still in its early stages and global economic growth remained fragile.

"RIM is in a quandary, " said Grinnan, HSBC's head of Asian telecommunications research.

The prospect of the top two executives of HSBC leaving simultaneously caps a tumultuous week in European banking.

Banks around the world, including HSBC and Royal Bank of Scotland, lent billions to funds that invested in Mr Madoff's scam.

HSBC's chairman, Douglas Flint, is also based in London.

Although preoccupied with profits, he exudes pride when he speaks of the honour of running HSBC.

Only her grandmother, who trades through an on-line account with HSBC, and a 56-year-old uncle flipped their shares immediately yesterday.

HSBC didn't receive capital from the U. K. during the banking crisis, and Mr. Green has been vocal in promoting prudent corporate behavior.

Donna Kwok, an economist with HSBC, predicts that asset prices will continue to be "doused in gasoline" .

British tax on bank assets to be introduced this year would cost HSBC about $600 million based on its balance sheet at the end of December.

Bank of Communications is the only Shanghai-based big firm, in which HSBC holds a 19% share.

HSBC has continued its expansion into fast-growing Asian economies by buying a majority stake in an Indonesian bank.

hsbc said today that it is in talks to buy the controlling stake held by the u . s . private equity group lone star funds.

To be sure, the Shanghai venue where HSBC wants to list, the planned 'international board, ' has been beset with delays.

"Equities as an asset class are being rehabilitated, " said Kevin Gardiner, head of global equity strategy at HSBC.

Ian Poulter will return to play in the Abu Dhabi HSBC Golf Champonship in January, after narrowly missing out on victory last time around.

"What was previously regarded as overly prudent is now regarded as a sign of strength, " says Richard Yorke, CEO of HSBC in China.

The truth is that HSBC never took advantage of its rival's weakness to steal business and assert its global supremacy.

The regulator had a busy week, also investigating whether traders were improperly shorting shares in HSBC.

"The ongoing slowdown is helpful to check inflationary pressures, which remain the top macro risk for China, " said Qu Hongbin at HSBC.

HSBC Chairman Stephen Green admits the global financial system had come under what he calls ' extreme strain' in 2007 .

Stephen King, chief economist of HSBC says: "Piecemeal actions by different governments have undermined the credibility of other actions. "

Without the change in debt valuation, pretax profit for the third quarter was 'significantly ahead' of the year-earlier period, HSBC said.

HSBC said it was feeling the effects of the economic slowdown in Asia but expected the region would continue to grow.

UPDATED with HSBC's confirmation of Mr Geoghegan's departure and the appointment of a new chief executive and chairman.

HSBC will inject $300m-$400m into the bank to bring its financial ratios to "appropriate" levels.

HSBC's recent rights issue shows that some banks may be able to.

Only HSBC, a British bank, and GE Capital come close to matching its breadth of reach and depth of local knowledge.

HSBC has a reputation for being conservative and risk-averse, and this has stood it in good stead during the credit crunch.

In the fields of Miyun, however, HSBC is at the vanguard of foreign banks ploughing a new furrow.

In this case, the downswing in HSBC caused by an order seconds before the deadline knocked about 212 points off the HSI.

In India, the HSBC PMI eased slightly from its high in November, although it remained strong by historical standards.

By the end of the 19th century HSBC was already big in Asia and Standard Chartered's predecessor firms were doing well in Africa and India.

HSBC has today reiterated its intention to stand behind bondholders in Household, even though its debts are non-recourse to the group.

An HSBC spokesman declined to comment, saying the bank didn't want to prejudice the rights issue offer.

HSBC this month predicted that Chinese growth would average 6. 5 per cent a year over the next decade, then 5. 7 per cent from 2020-2030.

The huge LED sign measures 60 feet by 40 feet and replaces a billboard at 2 Times Square that had been leased by HSBC for the last decade.

On the face of it, HSBC still looks the obvious choice, even though it is present in "only" 87 countries compared with Citi's 100-plus.

International banks including HSBC, JPMorgan Chase and South Africa's Standard Bank already offer renminbi trade settlement services.

As a foreign company, HSBC cannot participate and its stake would be diluted down to 18. 6 per cent.

It now holds 1, 232 tonnes of the yellow metal, mined by its inventors and reburied in the vaults of HSBC in London.

A top market-watcher with HSBC agrees, saying the fear of rising interest rates is "quite sensationalist. "

Whatever happened to the wall of Chinese money? asks Garry Evans, pan-Asia strategist at HSBC.

Yet the majority of Chinese still feel equipped for the long-term future, according to the HSBC study.

Mr Sun of HSBC says the bear market clouds all good news at the moment.

That would be cultural suicide for HSBC's current, largely Western, top brass.

HSBC predicts that the solar industry will grow by 45% a year until 2012.

Stuart Harris, an analyst at HSBC, argues that the difficulties are cyclical and the basic business model is not broken.

In October, HSBC came close to acquiring the Asian private banking assets sold by ING, the Dutch group.

Others came from HSBC and Citibank, while his consumer banking people came from a local bank, UnionBank of the Philippines.

The yuan will become one of the three major global settlement currencies in five years, the HSBC Group estimated.

HSBC and Bank of China, whose headquarters are often noted as having elaborate feng shui elements, declined to comment.

"For China, the year of the rabbit is the year of inflation, " said Qu Hongbin, greater China chief economist at HSBC.

Among middle-class families, one would be hard-pressed to find an investment portfolio without HSBC shares.

But the HSBC report provided the first quantitative evidence of a significant correction.

HSBC is already the biggest foreign bank in a country where the market potential is viewed as vast.

Farley Thomas, head of ETFs at HSBC, said HSBC was responding to customer demand by launching its own branded ETFs.

HSBC is predicting another mainland interest rate rise by the end of the year.

Most of the new entrants, including multinational giants Citigroup and HSBC, are targeting high net-worth individuals.

The state-sponsored bail-outs of western banks risk rewarding management teams for failure, the chief executive of HSBC warned yesterday.

The days of adjoining executive offices of HSBC's colonial past have long been replaced by the BlackBerry and video conferencing.

HSBC Private Bank says it is becoming increasingly involved when a client sells a business or makes a lot of money.

Given the problems in the U. S. market, HSBC is restructuring its operations there.

Stuart Gulliver, HSBC's boss, is expected soon to unveil a shake-up of its operations in other emerging markets.

A 10 per cent surge in the company's mainland share price on Christmas Day had taken it ahead of HSBC in the rankings.

HSBC decided to close its retail-banking operations in Russia.

HSBC said the average down payment increased 125% in the month, to more than $220, 000.

However, some of Singapore's tech stars are showing signs of fading, worries Garry Evans, an equity strategist at HSBC.

HSBC continues to lobby for a listing of its shares in Shanghai.

HSBC, down 5 per cent, was among the worst hit, given its estimated $16bn exposure to the United Arab Emirates.

HSBC and Barclays were among the biggest fallers, along with mining companies.

Now, say economists at HSBC, this chain may be fortified with "just-in-case" systems to limit the damage from disruptions.

They said HSBC would be in the first wave of groups seeking a listing, should rules permit.

While it's very easy for EBC to open bank accounts, including HSBC and Standard Chartered Bank.

In fact, say analysts at HSBC, a bank, its Keynesian splurge is one of the world's least green.

Those that are, such as HSBC, are offering debt on terms that would have been considered hugely punitive just two years ago.

In July 2009, HSBC was the first foreign bank to settle cross-border trade in renminbi following landmark reforms by Beijing.

One option is to promote Mr Geoghegan to chairman, with Stuart Gulliver, the boss of HSBC's investment bank, replacing him.

'The flows that we're seeing are soundly based, ' says Richard Yetsenga, global head of emerging-market currency strategy at HSBC.

With HSBC unwilling to offer more, OCBC won out thanks to a pledge to shield its new staff from redundancies.

HSBC estimates that the currency's share of regional trade could swell to up to 50 per cent by 2015.

HSBC uses a broad definition for green projects, including public housing, rural infrastructure, railroads and ports.

Still, everyone is supposed to do their job and both HSBC and UBS transferred many of their duties to a sub-custodian.

Standard Chartered's bigger rival, HSBC Holdings PLC, has also talked up its interest in a Shanghai listing when the rules allow.

However, J. P. Morgan's corporate-banking operations in Asia are still dwarfed by those of Citigroup Inc. and HSBC Holdings PLC.

"Punitive actions are a good way of deterring people, " said HSBC's Mr Mahendran.

Financial Industry: Chartered Bank, HSBC, Bank of East Asia, Australia and New Zealand Bank, Hang Seng Bank and Guiyang Commercial Bank.

Mr. Chang is still torn on whether to buy more shares, but says he sees HSBC as a long-term investment that will eventually bounce back.

HSBC said transactions to other banks, payroll deposits and direct debits have been affected.

as our china headquarters , hsbc buildingshanghai ifc will support the banks plans for expansion across the country.

HSBC says that coal inventories at electricity generators have returned to normal levels.

While limited in size, the acquisition would underscore HSBC's push to expand in Asia as a driver for its growth.

HSBC makes much of its "signature financial strength" .

HSBC Holdings Plc and BNP Paribas SA led bank shares higher after the U. S. payrolls data.

'It's the rest of the world that's now upped the ante, ' says David Bloom, global head of currency trading for HSBC.

"The seeds are being sown for Asia's next bubble, " HSBC economist Frederic Neumann said in a recent report.

But HSBC economist Qu Hongbin told me, longer term, he would bet on the yuan.

Tiger has booked his return to Shanghai in November for the $7 million WGC-HSBC Championships at the Sheshan International Golf Club.

One surprise addition to the field is Italian Francesco Molinari, who qualified by winning the HSBC Champions in Shanghai.

Mr Bloom at HSBC says investors should not assume, therefore, that China's currency will only move in one direction.

My name is LARRY OWEN, Principal Executive Officer, and Audit Department in HSBC BANK here in The United Kingdom.