Bad days are gathering over China’s manufacturing in May

Bad days are gathering over China’s manufacturing in May

By Anna Domanska - May 23, 2013

Apparently, signs of the China’s economic recovery are weakening as the latest flash manufacturing PMI showed that factory activity slumped significantly in May. Data release

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HSBC on restructuring spree

HSBC on restructuring spree

By Anna Domanska - May 13, 2013

The restructuring spree of HSBC Holdings Plc is likely to continue as the European bank aims to improve its performance. It is widely speculated that HSBC CEO Stuart Gulliver will

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HSBC Reports Declining Full Year Profits

HSBC Reports Declining Full Year Profits

By Jay Raol - Mar 05, 2013

On the 4th of March, HSBC Holdings reported a fall in its full year preliminary profit for the year ended December 2012. The bank cited debt revaluation and the US related money-la

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HSBC to pay $1.92b settlement over U.S. money-laundering claims

HSBC to pay $1.92b settlement over U.S. money-laundering claims

By Richard Meryn - Dec 11, 2012

On the 11th of December, HSBC Holdings PLC informed that it decided to pay approximately 1.9 billion in settlement with U.S. regulatory authorities to end a long and embarrassing A

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HSBC to sell $9bn stake in China’s Ping An

HSBC to sell $9bn stake in China’s Ping An

By Jay Raol - Nov 19, 2012

HSBC Holdings Plc has confirmed that it is negotiating the sale of its 15.6 percent stake in China’s Ping An Insurance Co., which is worth approximately $9 billion, as it tries t

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