All Posts Tagged With: "HSBC"
The US banking sector has absorbed the brunt of criticism since the financial crisis – investors and the public have been outraged by the risky behavior and immense losses created by their participation in the market for exotic derivatives. While the activity has been appalling, it pales in comparison to what has transpired in the [...]
The world’s largest bank, Hongkong and Shanghai Banking Corporation (HSBC) (NYSE: HBC) has decided to scrap its plan to buy the retail and commercial banking businesses of Royal Bank of Scotland in India, after negotiating for almost two-and-a-half years. The firms set a long stop date of November 30 2012 to reach an agreement on [...]
HSBC Finance, a subsidiary of HSBC North America Holdings Inc (NYSE: HBC) has announced a planned dividend connected to its preferred shares. HSBC Finance Corporation, through its subsidiaries, owns and services a liquidating portfolio of residential real estate loans and unsecured loans, and also provides specialty insurance products. HSBC Finance Corporation announced today that its board [...]