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HSBC Press Releases |
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21st November, 2005
HSBC announces joint investment bank venture in Saudi Arabia
HSBC announces joint investment bank venture in Saudi Arabia
21 November 2005
HSBC’s plans to establish the first full-service, independent investment bank in The Kingdom of Saudi Arabia have been approved by The Saudi Arabian Capital Market Authority.
The decision by the newly-established regulator of the stock exchange and capital markets is a fitting celebration of HSBC’s 55th year in Saudi Arabia.
The joint venture with The Saudi British Bank (SABB), of which the world’s local bank has a 40 per cent shareholding, will be known as HSBC Saudi Arabia Limited. It will provide corporate finance and asset management advisory services to corporations and institutions in Saudi Arabia as well as investment advisory services to individual investors ...
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14th November, 2005
Howell victorious at inaugural HSBC Champions event
Howell victorious at inaugural HSBC Champions event
14 November 2005
Englishman David Howell fired six birdies in his final round at the HSBC Champions event in Shanghai to secure a famous two stroke victory, and first prize of US$833,300.
Howell’s winning total of 20 under par was too good for the chasing pack, led by world number one Tiger Woods.
Beginning the day one shot ahead of Woods and Australian Nick O'Hern, Howell overcame the pressure of the occasion to clinch his third Tour title at the Sheshan International Golf Club.
The Englishman started brightly with birdies at the 2nd, 3rd, 5th and 7th, and in spite of bogies at 8 and 9, his round of 68 put him three shots clear of runner-up Woods and six ahead of fellow Englishman Nick Dougherty in third place.
Howell shared a few words with Woods after putting out on the 18th ...
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10th November, 2005
HSBC Trinkaus & Burkhardt third quarter 2005 results
HSBC Trinkaus & Burkhardt third quarter 2005 results
10 November 2005
HSBC Trinkaus & Burkhardt has announced a strong increase in its third quarter 2005 results.
Operating profit was up 21.0 per cent to EUR87.4 million in the first nine months of 2005, while profit after tax was up 31.2 per cent during the same period ...
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10th November, 2005
HSBC Champions tee off in China
HSBC Champions tee off in China
10 November 2005
The inaugural HSBC Champions golf tournament starts in Shanghai on 10 November 2005.
Many of the world’s top golfers - including Tiger Woods, Vijay Singh and Colin Montgomery - will take part in the inaugural championship, which offers a prize fund of US$5 million, the largest in the history of Asian and Chinese golf.
The tournament is a fitting sponsorship for the world’s local bank, which was founded in Hong Kong and Shanghai in 1865 ...
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2nd November, 2005
HSBC Bank USA wins Small Business Administration plaudit
HSBC Bank USA wins Small Business Administration plaudit
02 November 2005
HSBC Bank USA, North America, has been named top Small Business Administration (SBA) lender in New York State for the third consecutive year.
The bank was top SBA lender by both number of loans and dollar volume for the 2005 SBA fiscal year, making 1,843 SBA-approved loans in the state for a total of $138 million during that period.
HSBC is also top for loans and dollar volume in the highly competitive New York City market, and is the eighth largest lender nationally.
Brendan McDonagh, chief operating officer of HSBC Bank USA, N.A., said HSBC recognises the powerful impact small businesses have on their local economies ...
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31st October, 2005
HSBC celebrates Different Points of View
HSBC celebrates Different Points of View
31 October 2005
HSBC is launching a new global multi-media advertising campaign that focuses on the brand idea ‘the bank that values different points of view’, and replaces the bank’s three-year ‘Cultural Collisions’ campaign.
‘Different Points of View’ celebrates differing views of the world: art, technology, food and people ...
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28th October, 2005
Dar Es Salaam Investment Bank
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28th October, 2005
HSBC receives 2005 green power leadership award
HSBC receives 2005 green power leadership award
28 October 2005
HSBC North America today announced it has been awarded a 2005 Green Power Leadership Award for its commitment to purchasing renewable energy ...
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25th October, 2005
HSBC Bank Canada announces third quarter 2005 results
HSBC Bank Canada announces third quarter 2005 results
25 October 2005
Net income attributable to common shares was C$325 million for the nine months ended 30 September 2005, an increase of 25.5 per cent over the same period in 2004.
Net income attributable to common shares was C$113 million for the quarter ended 30 September 2005, an increase of 37.8 per cent over the third quarter of 2004.
Return on average common equity was 20.4 per cent for the nine months ended 30 September 2005 and 20.9 per cent for the quarter ended 30 September 2005 compared with 19.0 per cent and 16.4 per cent, respectively, for the same periods in 2004.
The cost:income ratio was 52.9 per cent for the nine months ended 30 September 2005 and 51.2 per cent for the quarter ended 30 September 2005 compared with 56.1 per cent and 58.1 per cent, respectively, for the same periods in 2004.
Total assets were C$49.4 billion at 30 September 2005 compared with C$42.3 billion at 30 September 2004.
Total funds under management were C$19.9 billion at 30 September 2005 compared with C$16.2 billion at 30 September 2004.
HSBC Bank Canada recorded net income attributable to common shares of C$325 million for the nine months ended 30 September 2005, an increase of C$66 million, or 25.5 per cent, from C$259 million for the same period in 2004 ...
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12th October, 2005
HSBC establishes sustainable development team
HSBC establishes sustainable development team
12 October 2005
HSBC has created a new team to grow the company’s business in the sustainable development sector.
The Group’s Sustainable Development unit will have two primary roles: Sustainable Risk Advisory and Sustainable Business Development. Its key objective will be to expand sustainability into HSBC’s mainstream operations, both from a risk and a business development perspective.
The unit will work closely with a number of HSBC’s customer groups, including Corporate, Investment Banking and Markets (particularly Project & Export Finance, Energy & Utilities Sector and Trade Services), Commercial Banking, Private Banking and Group Investment Business ...
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