HSBC

HSBC to start retail banking operations in Japan

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HSBC said on Thursday it plans to start retail banking operations in Japan from January 2008, making Europe's largest bank the latest foreign player to target Japan's legion of wealthy individuals.
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HSBC's China fund plans major expansion

HSBC Holdings Plc's Chinese fund arm aims to launch two new funds over the next year amid feverish demand for asset management services fuelled by a bullish local stock market, the venture's head said on Tuesday.
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HSBC says in talks to buy S.Korea's KEB

HSBC Holdings Plc said on Monday it was in talks to buy a majority stake in Korea Exchange Bank (KEB) worth $4.8 billion from Lone Star, the latest chapter in a lengthy financial and judicial saga.
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Asia's central banks move to calm nervous markets

Asia's central banks took further steps on Monday to calm markets roiled by fears over a credit squeeze, with the Bank of Japan injecting $5.1 billion into the banking system and others pledging to follow suit if needed.
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Bear Stearns may be attractive for JPM, BofA, HSBC

Banks including JPMorgan Chase, Bank of America and HSBC might be interested in buying Bear Stearns Cos at the right price, but there would be real obstacles to a deal happening anytime soon, analysts said.
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DuPont profit slips on weak housing, auto markets

DuPont Co., the No. 2 U.S. chemical company, on Tuesday reported lower-than-expected second-quarter profit as weak U.S. housing and auto markets slowed demand and overshadowed growth in other regions.
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Yen, European stocks fall

The yen faced fresh losses on Friday, while bonds were flat as investors put this week's wave of risk aversion behind them, comforted by a relatively neutral statement from the Federal Reserve.
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Ford hires KPMG to eye Jaguar books: report

Ford Motor Co. has hired accountancy group KPMG to examine the books at its British units Jaguar and Land Rover ahead of their expected sale later this year, the Sunday Times reported.
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China Opens Precious Metals Exchange to Foreign Banks

China’s central bank has agreed in principle to allow foreign members into the Shanghai Gold Exchange, marking an opening in China’s precious metals trading market, according to the state news agency.
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FTSE pares 2-day losses

The FTSE 100 index rose on Friday, recovering from a sharp sell off over the past two sessions, as crude oil prices fell and Asian markets gained.
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FTSE 100 at 3-week high as oils and miners jump

Britain's FTSE 100 share index hit a 3-week high on Thursday, fired up by strong resources and bank stocks, although trading levels were modest ahead of a U.S. interest rate decision. Banks saw HSBC and Royal Bank of Scotland gain 1.1 percent, while Barclays put on 1.5 percent.
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ING Direct CEO girds for Citigroup, HSBC Web foray

The recent forays by global banking powers Citigroup Inc. and HSBC Holdings Plc into U.S. Internet banking don't alarm the chief executive of ING Direct, which has been in that market for five years now.

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