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Last updated: 07:34:09 Friday Sep 25, 2009


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  • HSBC moves its chief executive to Hong Kong
    LONDON (AFP) - HSBC on Friday said its chief executive Michael Geoghegan would move to Hong Kong from London to be closer to the banking group's "largest and most important region" of operation.   Nations:Hong Kong U.K. China   Source:(AFP)   2009-09-25

    Lloyds bank hits huge loss as bad debts rocket
    LONDON (AFP) - Britain's state-controlled Lloyds Banking Group said Wednesday it crashed into the red in the first half, in stark contrast to strong performances this week by three top banks wholly in private hands.   Activities:Global Financial Crisis   Source:(AFP)   2009-08-05

    Barclays, HSBC results boost bank sector
    LONDON, Aug 3, 2009 (AFP) - Leading banks Barclays and HSBC raised hope of a recovery in the crisis-hit financial sector on Monday, sending share prices surging after they posted strong profits despite soaring bad loans.   Nations:Qatar   People:Gordon Brown   Activities:Global Financial Crisis   2009-08-03

    HSBC says profit slumps 57% as bad debts leap
    LONDON (AFP) - HSBC, Europe's biggest bank, said on Monday that first-half net profits slumped by 57 percent to 3.35 billion dollars (2.35 billion euros) as bad debts ballooned to nearly 14 billion dollars.   Source:(AFP)   2009-08-03

    JPMorgan tops strong bank list, RBS biggest loss
    LONDON (Reuters) - JPMorgan (JPM.N) tops a list of the world's strongest banks, while Royal Bank of Scotland (RBS.L) suffered the biggest loss of any lender last year, according to new industry rankings on Wednesday.   Nations:Spain   2009-06-23

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