HSBC

Wall Street set to jump on earnings optimism

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Wall Street was poised to open about 1 percent higher on Monday, building on last month's solid gains as investors focused on encouraging corporate results, including strong bank earnings out of Europe.
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HSBC, BNP profits top forecasts as bad debts tumble

HSBC and BNP Paribas, strengthened by the financial crisis in their roles as top European banks, both trumped earnings forecasts as bad debts fell sharply to make up for slowing investment banking growth.
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AgBank raises $10.5 billion in HK IPO

Agricultural Bank of China Ltd, the country's third-largest lender, raised $10.5 billion when it priced its Hong Kong initial public offering at the middle of its original range, a source with direct said on Tuesday.
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China braces for AgBank IPO price as books close

Agricultural Bank of China, the country's No.3 bank by assets, has closed the books on its dual Hong Kong and Shanghai share sale and is on track to raise around $20 billion in what could be the world's largest ever IPO.
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China markets brace for AgBank IPO pricing

Agricultural Bank of China, the country's No.3 bank by assets, is set to price its dual Hong Kong and Shanghai IPO late on Tuesday, determining whether it will become world's largest ever share offer.
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Emerging market M&A gains share on West

A burst of corporate acquisition activity in Asia shows that executives throughout the region are gaining confidence in their financial outlook and expansion strategy, with cross-border deals on the upswing.
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HSBC exec pay under fire, fears more global shocks

HSBC's executive pay policy got a grudging green light on Friday, along with a stinging rebuke from one of its top investors, as Europe's biggest bank said it was bracing for further economic shocks.
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European banks settle Madoff cases

Some 20 European banks agreed to reimburse non-U.S. investors for $15.5 billion of losses from convicted swindler Bernard Madoff's Ponzi scheme, but some Swiss lenders remain holdouts, a lawyer for victims said.
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Thomas Cook raises $1 billion through bond issues

Thomas Cook , Europe's second-biggest travel firm, said on Friday it had raised over $1 billion through new sterling and euro bond issues with the proceeds to be used for general corporate purposes.
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Greek banks hit as money moved offshore: report

Greek banks are being hit by a wave of redemptions as rich citizens and companies look to move their money to big global banks or offshore as the country's debt crisis rages, the Telegraph newspaper reported on its website.
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BOJ split vote raises doubts about future easing

The Bank of Japan loosened monetary policy on Wednesday in a split vote that suggested the central bank would struggle in the future to meet government demands for easier monetary conditions.
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HSBC may have another go at South Korea's KEB

It's early days, but speculation is already building that HSBC may participate in the auction for a $3.9 billion stake in Korea Exchange Bank , South Korea's sixth-largest lender.
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U.S. likely to get peek at HSBC accounts

The revelation that an ex-employee of HSBC Holdings Plc stole tens of thousands of its Swiss accounts is likely to give U.S. tax authorities fresh clues in their pursuit of wealthy tax cheats abroad.
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HSBC profits dip

HSBC Holdings missed expectations with a $7 billion annual profit after bad debts rose and risked a public backlash by paying three investment bankers over 9 million pounds ($13.7 million) each.
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HSBC misses expectations after accounting losses

HSBC Holdings missed expectations with a $7.1 billion annual pretax profit as accounting losses masked record investment bank earnings and a late year slowdown in bad debts at its troubled U.S. business.
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UK's Pru plans $20 billion rights offering

Britain's Prudential Plc plans to do a rights offering of about $20 billion to finance a $35.5 billion purchase of American International Group's Asian life insurance unit, a source familiar with the situation said on Sunday.
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HSBC, Standard CEOs to donate bonuses -report

The chief executives of HSBC Holdings , Europe's biggest bank, and Asia-focused rival Standard Chartered are set to give their bonuses to charity, newspapers reported on Sunday, following a high-profile row over the sums paid to bankers.

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