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HSBC Press Releases |
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14th November, 2002
HSBC completes the acquisition of Household
HSBC completes the acquisition of Household
28 March 2003
HSBC Holdings plc (“HSBC”) today announced the completion of its acquisition of Household International, Inc. (“Household”) by way of merger with H2 Acquisition Corporation (“H2”), a wholly owned subsidiary of HSBC. H2 will be renamed “Household International, Inc.” All necessary regulatory and other consents and approvals were obtained to permit completion in accordance with the merger agreement entered into on 14 November 2002. A certificate of merger was filed earlier today with the Secretary of State of the State of Delaware declaring the merger effective as of 10.02 p.m ...
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14th November, 2002
HSBC to acquire Household International Inc
HSBC to acquire Household International Inc
14 November 2002
HSBC Holdings plc (“HSBC”) and Household International, Inc. (“Household”) have reached agreement for HSBC to acquire Household.
News release
Download the full news release here (16 page pdf, 49k).
Slide presentation
Click here to download a slide presentation given in London on 14 November ...
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4th November, 2002
HSBC USA Inc. third quarter 2002 results
HSBC USA Inc. third quarter 2002 results
4 November 2002
Net income in the third quarter of 2002 was US$216 million compared to US$184 million in the third quarter of 2001 before the effect of a provision for the Princeton Note Matter (“Princeton”) in 2001 ...
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1st November, 2002
HSBC launches cash tender offer for GF Bital
HSBC launches cash tender offer for GF Bital
1 November 2002
HSBC Holdings plc (HSBC) has today (1 November 2002) launched a cash tender offer to acquire all of the outstanding shares in Grupo Financiero Bital S.A ...
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30th October, 2002
HSBC celebrates 10th year in Vietnam
HSBC celebrates 10th year in Vietnam
30 October 2002
Sir Keith Whitson, Group Chief Executive of HSBC Holdings, is visiting Ho Chi Minh City this month to join staff celebrating HSBC's 10 year anniversary in Vietnam.
"With its fast developing economy, no wonder Vietnam is gaining increasing attention from foreign businesses from all over the world," he said ...
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24th October, 2002
HSBC Bank Canada - Q3 2002 Results
HSBC Bank Canada - Q3 2002 Results
24 October 2002
Net income was C$195 million for the nine months ended 30 September 2002, an increase of 19.6 per cent from C$163 million in the same period of 2001.
Net income was C$78 million for the quarter ended 30 September 2002, an increase of 36.8 per cent from C$57 million in the third quarter of 2001.
Return on average common equity was 16.5 per cent for the nine months ended 30 September 2002 and 20.1 per cent for the quarter ended 30 September 2002.
The cost:income ratio (excluding amortisation of goodwill and intangible assets) was 55.3 per cent for the nine months ended 30 September 2002 and 49.8 per cent for the quarter ended 30 September 2002, compared with 57.9 per cent and 56.7 per cent for the respective periods in 2001.
Total assets of C$35.8 billion at 30 September 2002 compared to C$32.6 billion at 30 September 2001.
Total assets under administration were C$14.1 billion at 30 September 2002, of which C$10.0 billion were funds under management and C$4.1 billion were custody and administration accounts.
HSBC Bank Canada recorded net income of C$195 million for the nine months ended 30 September 2002, an increase of C$32 million, or 19.6 per cent, from C$163 million for the nine months ended 30 September 2001 ...
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21st October, 2002
HSBC and Yahoo! to offer insurance in Hong Kong
HSBC and Yahoo! to offer insurance in Hong Kong
21 October 2002
HSBC is looking to expand its insurance services in Hong Kong SAR through a deal with Yahoo! that allows the bank to market insurance products to the millions of Yahoo! users in the territory.
HSBC is offering instant online approval, payment and delivery of policy documents to customers that apply for its travel, home, accident and hospital insurance products through Yahoo!
Online applications to HSBC's insurance products in Hong Kong were initially only available to customers who had registered for the bank's internet banking service, online@hsbc In December 2001, when the bank extended its online insurance to non-customers through www.hsbc.com.hk, online applications increased substantially.
Ann Pearce, Head of Insurance Products, Personal Financial Services at The Hongkong and Shanghai Banking Corporation, said: "Customers like the convenience of buying insurance over the internet, as we have seen through our own site ...
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16th October, 2002
HSBC plans internet banking service in mainland China
HSBC plans internet banking service in mainland China
16 October 2002
HSBC has been given approval to launch personal internet banking services for customers in mainland China, one of the first foreign banks to receive a licence.
Internet banking should be up and running for customers in mainland China by the end of 2002 ...
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9th October, 2002
Saudi British Bank third quarter 2002 results
Saudi British Bank third quarter 2002 results
9 October 2002
The following news release was issued today by The Saudi British Bank, a 40 per cent indirectly-held associate of HSBC Holdings plc.
Net profit of SAR736 million (US$196 million) for the nine months ended 30 September 2002 - up SAR97 million (US$26 million) or 15.2 per cent over the same period in 2001.
Earnings per share of SAR18.39 (US$4.90) for the nine months ended 30 September 2002 - up 15.2 per cent from SAR15.97 (US$4.26) for the same period in 2001.
Customer deposits of SAR34.2 billion (US$9.1 billion) at 30 September 2002 - up SAR4.4 billion (US$1.2 billion) or 14.8 per cent over 30 September 2001.
Loans and advances to customers of SAR19.3 billion (US$5.1 billion) at 30 September 2002 - up SAR2.8 billion (US$0.7 billion) or 17.0 per cent over 30 September 2001.
Total assets of SAR43.8 billion (US$11.7 billion) at 30 September 2002 - up SAR0.9 billion (US$0.3 billion) or 2.1 per cent over 30 September 2001.
Commentary
The Saudi British Bank (SABB) recorded a net profit of SAR736 million (US$196 million) for the nine months ended 30 September 2002 ...
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8th October, 2002
HSBC signs agreement to invest in China’s Ping An Insurance Company
HSBC signs agreement to invest in China’s Ping An Insurance Company
8 October 2002
HSBC Insurance Holdings Ltd, a wholly-owned subsidiary of the HSBC Group, entered into an agreement on 8 October 2002 to subscribe for new common shares of Ping An Insurance Company of China, Ltd ...
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