hsbc news

The Hongkong and Shanghai Banking Corporation Limited and the Bank of Communications Co. Ltd. (BoCom) are in advanced discussions to transfer their existing joint credit card activities in China to a newly established joint venture company.

HSBC Insurance (Asia Pacific) Holdings Limited (HSBC) has signed an agreement to increase its shareholding in Bao Viet Holdings, Vietnam’s leading insurance and financial services group to 18 per cent from 10 per cent currently for VND1.88 trillion (approximately US$105.3 million).

HSBC intends to make an offer to acquire from minority shareholders the remaining 6.14 per cent of Investsmart it does not currently own and to delist Investsmart shares from the Bombay Stock Exchange and the National Stock Exchange of India (the "delisting offer").

HSBC Insurance (Asia) Limited (HSBC Insurance) has received final approval from the China Insurance Regulatory Commission (CIRC) to launch a jointly held insurance company with Beijing-based National Trust Limited (National Trust).

HSBC has chosen SAS®Fraud Management , the real-time fraud detection system and part of the SAS Fraud Framework, as its principal solution for fraud management across its global network. HSBC and SAS are working together to expand SAS Fraud Management’s capabilities, beyond protecting against credit and debit card fraud, to provide a comprehensive approach to combating fraud across multiple lines of business and channels.

The Hongkong and Shanghai Banking Corporation Limited, through its wholly-owned subsidiary of HSBC Asia Pacific Holdings (UK) Limited, has completed its acquisition of 88.89 per cent of PT Bank Ekonomi Raharja Tbk (Bank Ekonomi) for US$607.5 million in cash, paid in US dollars.

Rosetta, the largest independent interactive marketing agency in the U.S., today released a study showing 37 percent of 100 leading online retailers currently offer alternative payment methods -- a 23 percent increase since November of 2007.

The world's Leading International Small Business Bank commits new $5bn fund to SMEs

HSBC today formally adopts The Climate Principles, a framework for climate change best practice for the financial sector.

HSBC France, as a member of the French banking community, together with the other major French banks and the French government, is to invest in a new financing company established at the direction of the French government to support the French economy.

Cisco Unified Communications deployments in Latin America increased 300% in the last two years

UK's Largest Bank Turns to VeriSign Extended Validation SSL to Keep Customers Safe From Fraudsters

HSBC, Europe's largest bank by market value, has been named the world's most valuable banking brand according to the Banker magazine's Top 500 Financial Brands listing.

The Hongkong and Shanghai Banking Corporation Limited has been named the successful bidder in a government auction to acquire The Chinese Bank Co., Ltd. (The Chinese Bank) in Taiwan.

Microsoft Corp. and Novell Inc. today announced that Dell Inc. is the first major systems provider to join the business collaboration that was formed by Microsoft and Novell in response to customer demand for greater interoperability and intellectual property (IP) assurance.