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HSBC Holdings Plc

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Industry: Information Technology

News and Blogs

Total : 38 View more »

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

IT jobs safe as HSBC announces redundancies

www.computerweekly.com | Nov 4, 2009

HSBC has announced it is cutting 1,700 jobs in its retail banking operation but no IT workers will face redundancy.

http://www.computerweekly.com/Articles/2009/11/04/238408/IT-jobs-safe-as-HSBC-announces-redundancies.htm

NewsFactor Network | Deal Helps Disabled Dispute Credit Card Charges

www.newsfactor.com | Sep 3, 2009

HSBC Card Services said it will make several changes to its customer service policy and on its Web site to help customers with vision or hearing loss or other disabilities challenge charges on their accounts.

http://www.newsfactor.com/story.xhtml?story_id=68743

HSBC announces 1700 job cuts | Banking Technology magazine

www.bankingtech.com | Nov 3, 2009

HSBC is restructuring in parts of the UK retail bank which will result in the loss of 1700 jobs over the next year. The bank

http://www.bankingtech.com/bankingtech/article.do?articleid=20000163482

News from Zibb.com

Total : 161 View more »

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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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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Web Sites

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HSBC fined over data protection breach

www.bcs.org

The research showed that large amounts of electronic data had been sent via couriers or the postal service without being encrypted, meaning confidential details were placed at risk. Margaret Cole, director of enforcement at the FSA, said: 'These breaches are very disappointing.

http://www.bcs.org/server.php?show=conWebDoc.27634

HSBC to double Indian software staff to 1,000 - IT Director - Breaking Business and Technology News

HSBC is to double the number of staff at its Indian software centre to 1,000 within the next 12 months but the bank has admitted it is also looking at alternative offshore locations.

http://management.silicon.com/itdirector/0,39024855,39120365,00.htm

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Banks get relief with IBM WebSphere software

www.findwhitepapers.com

Retail banks are in a state of transformation all over the world. They must integrate new remote payment systems, digitize process integration and update credit management. Watch this webcast to see how IBM WebSphere Portal is helping these companies deliver targeted information to support

http://www.findwhitepapers.com/whitepaper3562/