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Top 500 Islamic Financial Institutions ranking shows Islamic finance continues double digit growth

www.ameinfo.com | Nov 5, 2009

Islamic banking assets continued double-digit growth this year, even as conventional bank growth stagnated, according to The Banker's "Top 500 Islamic Financial Institutions" survey, published in...

http://www.ameinfo.com/214968.html

Finextra: HSBC Merchant Services extends Ingenico deal

www.finextra.com | Nov 16, 2009

Finextra: HSBC Merchant Services extends Ingenico deal - company announcement from Ingenico

http://www.finextra.com/fullpr.asp?id=30973

HSBC broker head joins Lloyd's

www.postonline.co.uk | 8 hours 56 minutes ago

Insurance news in the UK for claims, underwriting, risk management, legal, reinsurance, broking and the Lloyd's of London market with Post Online in conjunction with Post Magazine.

http://www.postonline.co.uk/post/news/1563003/hsbc-broker-head-joins-lloyd

HSBC Operating Profit Beats, US Bad Debts Slip

www.cnbc.com | Nov 10, 2009

Europe's biggest bank HSBC Holdings said its underlying third quarter profits were "significantly ahead" of a year ago and said losses on U.S. consumer loans had shown their first fall in three years.

http://www.cnbc.com//id/33819444

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HSBC Became Mainland China Financial Bonds Underwriter - Zibb.com

SHANGHAI, Nov 18, 2009 (SinoCast Daily Business Beat via COMTEX) --

HSBC Bank (China) Co., Ltd., which is wholly owned by Hong Kong and Shanghai Banking Corporation (HSBC), yesterday joined the renminbi financial bonds underwriting group of Bank of Shanghai, becoming the first foreign lender that participates in such business in Mainland China.

Bank of Shanghai, as a top Chinese city commercial lender, aggregately issued renminbi financial bonds worth CNY 5 billion, and the interest rate of its three-year financial bonds valued at CNY 2 billion is fixed at 3.65. Total value of the five-year financial bonds reached CNY 3 billion, and the variable interest was 92 basis points higher than the current one-year time deposit interest rate.

HSBC Bank (China)'s entry into this renminbi financial bonds underwriting field can be regarded a landmark amid the Chinese financial market development, and the foreign bank would like to further build up its presence in such a market with high growth potential.

As one of the profitable foreign lenders in Mainland China, HSBC Bank (China) holds an 8% stake in Bank of Shanghai.

Source: www.hexun.com (November 18, 2009)

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Analyst Upgrades for November 18th - Zibb.com

Nov 18, 2009 (SmarTrend(R) Upgrades/Downgrades via COMTEX) --

Analyst Upgrades for 11/18/2009... Analog Devices (NYSE:ADI) upgraded to Conviction Buy from Buy at Goldman... Arch Coal (NYSE:ACI) initiated as Overweight at HSBC... Aruba Networks (NASDAQ:ARUN) upgraded to Overweight from Equal Weight, $13 target, at Barclays... Becton Dickinson (NYSE:BDX) initiated with an Outperform at Morgan Keegan... DynCorp (NYSE:DYN) upgraded to Outperform from Market Perform, $18-20 target, at Wells Fargo... Fidelity National (NYSE:FIS) upgraded to Outperform from Sector Perform at RBC Capital... First Solar (NASDAQ:FSLR) upgraded to Outperform at RBC... General Electric (NYSE:GE) reiterated Buy at Goldman... Peabody Energy (NYSE:BTU) initiated as Overweight at HSBC... Pulte Homes (NYSE:PHM) upgraded to Buy from Hold, $12 target, at Citigroup... Reynolds American (NYSE:RAI) maintained Buy, raised price target to $62 from $60, at Deutsche Bank... Rockwell Automation (NYSE:ROK) upgraded to Overweight, $53 target, at HSBC... Smith International (NYSE:SII) upgraded to Buy, $35 target, at Citi... Telecom Italia (NYSE:TI) upgraded to Market Perform at Bernstein...

Write to Chip Brian at cbrian@tradethetrend.com

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Companies: Analog Devices, Inc. (ADI), Arch Coal, Inc. (ACI), Aruba Networks Inc (ARUN), Becton, Dickinson & Co. (BDX), Dynegy, Inc. (DYN), Fidelity National Information Services Inc (FIS), First Solar Inc (FSLR), General Electric Co. (GE), Peabody Energy Corp. (BTU), Pulte Homes Inc. (PHM), Reynolds American Inc (RAI), Rockwell International Corp. (ROK), Smith International, Inc. (SII), Telecom Italia S.p.A. (TI)

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HSBC Bank to sell 8 Canada Square to National Pension Service - Zibb.com

Nov 18, 2009 (Datamonitor Financial Deals Tracker via COMTEX) --

HSBC Bank plc, a wholly-owned subsidiary of HSBC Holdings plc, has agreed the sale of 8 Canada Square, Canary Wharf, London to the National Pension Service of Korea (NPS) for GBP772.5 million in cash. As a result of the transaction, a gain of approximately GBP350 million will be recognized in HSBC's income statement on completion, expected to be before December 31, 2009.

NPS, through a wholly-owned subsidiary, NPS 8CS Holdings Sarl, will purchase HSBC's 100% shareholding in Project Maple II B.V., the sole asset of which is the 998-year leasehold interest in 8 Canada Square. Under the terms of the agreement, HSBC will retain full control of occupancy for the remaining 17.5 years of the existing 20 year leaseback period at a current rent of GBP46 million per annum.

CB Richard Ellis Limited, HSBC Bank plc and Linklaters LLP are acting as advisors to HSBC, and JP Morgan Asset Management and Berwin Leighton Paisner are acting as advisors to NPS on the transaction.

Deal Value (US$ Million) 1279.99
Deal Type                Acquisition
Sub-Category             100% Acquisition
Deal Status              Announced: 2009-11-13

Deal Participants

Target (Company)   Project Maple II B.V.
Acquirer (Company) NPS 8CS Holdings Sarl
Vendor (Company)   HSBC Bank plc

Companies: HSBC Holdings plc (HBC)

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HSBC Holding combines global markets, banking ops in Australia - Zibb.com

SYDNEY, Nov 16, 2009 (Asia In Focus via COMTEX) --

One of the world's biggest banks, HSBC HOLDING PLC, has merged its global markets and banking operations in Australia, appointing one executive to lead the combined division. HSBC BANK AUSTRALIA appointed Tony Cripps, who has been with the bank since 1986, as head of global banking and markets, according to a statement on Monday.

* The global banking and markets division encompasses sales and trading, debt finance and advisory, institutional wealth management and relationship management of corporate and institutional clients.

* "Our Global Banking and Markets business combines an in-depth understanding of the industries in which our Australian clients operate with international sector and product specialists, putting HSBC in its global entirety to work for each of our clients," HSBC Australia's chief executive Paulo Maia said in the statement.

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DJ HSBC CEO Geoghegan Fears Second Downturn - FT - Zibb.com

www.zibb.com

DOW JONES NEWSWIRES HSBC Holdings PLC's (HBC) chief executive officer, Michael Geoghegan, expects a second downturn in the coming months and plans to delay any rush to expand the bank, the Financial Times reported on its Web site Sunday. "Is this a V recovery or a W?" the FT quoted

http://www.zibb.com/article/5567071/DJ+HSBC+CEO+Geoghegan+Fears+Second+Downturn+FT

HSBC South Africa

The HSBC Group is one of the largest banking and financial services organisations in the world. After obtaining a South African banking licence in 2004, we restructured our operations in sub-Saharan Africa in 2005 to focus on our Global Banking and Markets Commercial Banking clients.

http://www.hsbcequator.com/

Super Review - HSBC Bank of Australia

www.superreview.com.au

http://www.superreview.com.au/directory/24041.aspx

DTC - September 02, 2009 - 5447-09 - Optional Dividend: HSBC Holdings PLC CUSIP: 404280406 R/D: 08/21/2009 P/D: 10/07/2009 Rate: $0.40 per share DTC EDS Cut-Off: 09/16/2009 no later than 8:00 P.M. New York time

www.dtcc.com

DTCC is now offering enhanced access to all important notices via a new, Web-based subscription service. The new notification system leverages RSS Newsfeeds, providing significant benefits including real-time updates and customizable delivery.

http://www.dtcc.com/downloads/legal/imp_notices/2009/dtc/div/5447-09.pdf

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HSBC Became Mainland China Financial Bonds Underwriter - Zibb.com
Analyst Upgrades for November 18th - Zibb.com
HSBC Bank to sell 8 Canada Square to National Pension Service - Zibb.com
HSBC Holding combines global markets, banking ops in Australia - Zibb.com

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Money Management provides accurate and informative editorial coverage on finance topics such as risk insurance, taxation, banking, superannuation and mortgages.

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