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HSBC keeps headquarters in London, rejects move to Hong Kong

HSBC keeps headquarters in London, rejects move to Hong Kong

HSBC Holdings decided on Sunday to keep its headquarters in Britain, rejecting the option of shifting its centre of gravity back to its main profit-generating centre Hong Kong after a 10 month review.

HSBC's H1 profits rise 10% on bumper Hong Kong results

HSBC also announced the sale of its Brazil unit to Banco Bradesco SA , the country`s second-biggest private-sector bank, for 17.6 billion reais ($5.2 billion) as HSBC seeks to cut underperforming businesses.

France imposes Euro-1 bn bail on HSBC; begin formal probe

The bank, however, said the French magistrates' decision was "without legal basis" and it would appeal against it.

HSBC profits seen up 10% as cost cuts pay off

HSBC Holdings is expected to report a 10 percent rise in quarterly profit on Monday as Europe's biggest bank benefits from cost cuts and the absence of a big provision to cover a fine last year.

Narayana Murthy to exit HSBC Holdings board as Director

UK-based global banking giant HSBCBSE 0.24 % Holdings Plc Friday said N R Narayana Murthy, co-founder of IT giant InfosysBSE -0.58 % and the only Indian on its board, would retire as its director at the end of 2012.

HSBC's pre-tax profit from India rises 22%

Robust growth in Asian countries like India has helped the largest European bank HSBC Holdings to report its second record pre-tax profit in 2011 at USD 21.9 billion, up 15 percent over 2010.

HSBC to issue shares to pay UK bonuses: Source

HSBC Holdings is to issue shares to pay the cash element of bonuses for its UK bankers in response to regulatory pressure to preserve capital, a person familiar with the matter said on Tuesday.

HSBC cuts several hundred investment bank jobs

HSBC Holdings is laying off several hundred investment bankers in London, Hong Kong and elsewhere this week as part of its jobs cull to save billions of dollars.