HSBC Holdings News
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HSBC Holdings' chief executive for Saudi Arabia, Walid Khoury, has left the bank, a spokesman for the lender confirmed on Monday. Nabeel Shoaib, who was deputy CEO and chief operating officer for HSBC in the kingdom, will become acting CEO, the spokesman added.
Several investment firms have updated their stock ratings and price targets on shares of HSBC Holdings plc in the last week: HSBC Holdings plc had its "hold" rating reaffirmed by analysts at Deutsche Bank. They now have a GBX 640 price target on the stock.
Community Builder or Divider? Homeownership's Pluses and Minuses The benefits of homeownership are often cited in policy debates, though it has some downsides. Following are the advantages and costs of homeownership for neighborhoods and communities, as summarized in a recent research paper by Jason Fichtner and Jacob Feldman at George Mason University.
HSBC Holdings Plc is expected to pay $550 million to resolve a U.S. regulator's claims the bank made false representations in selling mortgage bonds to Fannie Mae and Freddie Mac before the financial crisis, a person familiar with the matter said Friday. A settlement could be announced as soon as later Friday between HSBC and the Federal Housing Finance Agency, the conservator for the two government-controlled mortgage finance companies, the person said.
HSBC Holdings PLC will pay as much as $600 million to settle a U.S. housing regulator's claims the British bank's U.S. arm failed to disclose adequately the risks on the mortgage bonds it sold to Fannie Mae and Freddie Mac ahead of the financial crisis, people familiar with the matter said. The pact, which may be announced as early as Friday afternoon, would add HSBC's name to the list of large financial firms that have settled mortgage-bond lawsuits filed by the Federal Housing Finance Agency in 2011.
The percentage of Hongkongers considering sending their children to study at an overseas university is higher than that of parents in the mainland and Singapore, a study found. The high cost of studying overseas however poses a financial challenge for many parents, with Australia being the most expensive education destination, costing nearly HK$1 million in all.
According to the latest report from HSBC, The Value of Education: Springboard for success , nearly three quarters of parents around the world would consider sending their child abroad for a better university education, and half globally rank the The report, which surveyed over 4,500 parents in 15 countries, suggests that parents recognise the value of a good education, but too many are still financially underprepared. Some 89% of parents across 15 countries said that they wanted their children to go to university, but 51% globally .
Note: We do not store your email address but your IP address will be logged to prevent abuse of this feature. Please read our Legal Terms & Policies Rona Fairhead, the Government's choice as next chair of the BBC Trust, said today she intends to do the job while still working for banking and retail giants HSBC and PepsiCo and holding on to a large shareholding in publishing company Pearson.
HSBC Holdings has started to gauge investor interest on a long-awaited inaugural dollar-denominated contingent convertible bond deal on Wednesday. The trade is coming in the form of two perpetual non-call tranches, one running up to January 2020 and the other September 2024.
The Hang Seng Index in dropped 49.30 points, or 0.2%, to 25,190.45, with its top components - HSBC Holdings PLC and Tencent Holdings Ltd. - as a drag. HSBC was off 0.8%, and Tencent declined 1.6%.
Updated: Tue Sep 16, 2014 04:53 am
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