Wednesday, April 7, 2010 as of 11:14 AM ET
HSBC Bank USA, National Association, the American subsidiary of UK-based HSBC Holdings plc, is a bank with its operational head office in New York City and its nominal head office in McLean, Virginia (as designated on its charter).
Read More at Wikipedia ›The euro zone will likely hold together, but continuing volatility could result in a deposit-guarantee scheme being created for the members of the monetary union, HSBC Holdings PLC (HBC) Chief Executive Stuart Gulliver said Friday.
"Our working assumption is that the euro zone will hold together," Gulliver told the annual meeting. "But there will be heightened periods of volatility."Gulliver said he could see a European equivalent of the U.S. Troubled Asset Relief Program being implemented and a euro-wide deposit-guarantee scheme to stop deposits fleeing less stable economies. The TARP effort consisted of the U.S. government buying assets and equity from financial institutions during the subprime mortgage crisis.The CEO added that HSBC wouldn't use the ongoing turmoil on the Continent as an opportunity to buy a European bank. "We don't see this as an opportunity to buy a bank," he said.Meanwhile, the majority of HSBC investors voted to back the global bank's executive remuneration repor...FOX Business: The Power to ProsperThe markets took a turn to the downside in cautious trade as a round of glum economic data from around the world weighed on traders...
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A blockbuster initial public offering by one of China's biggest financial firms that should have been welcomed by Western banks grappling with a listing drought in H...
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Genting Bhd (3182.KU) said Thursday its unit Genting Capital Bhd has received approval from the Malaysian Securities Commission to set up a MYR2.00 billion ($634.2 m...
The shadows being cast over the global economy darkened this month as the euro zone's private sector declined further and China's once-booming factories faltered, bu...
European markets traded volatile on Thursday, but stocks moved off earlier lows to trade rise, shaking off a clutch of downbeat euro-area data. The Stoxx Europe 600 ...
A European Union court Thursday rejected a legal challenge by MasterCard Inc. (MA) of a 2007 European Union ruling over its fees, in a case seen as a key test on the...
European stock markets opened higher on Thursday, set to bounce back from a prior-day rout, with banks and resources stocks pushing higher, inspired by a late-stage ...
State-owned People's Insurance Co. (Group) of China Ltd. has asked banks that are pitching to underwrite its US$6 billion initial public offering to guarantee that t...
China's manufacturing activity contracted at a faster pace in May as conditions for exporters worsened during the month, the preliminary findings of a survey by HSBC...
Export credit agencies in the U.S. and China have joined over a dozen banks to offer US$8.5 billion to an Australian joint venture planning to liquefy unconventional...
The euro zone will likely hold together, but continuing volatility could result in a deposit-guarantee scheme being created for the members of the monetary union, HS...
Hong Kong stocks pulled higher in early Friday trading, with gainers including property and airline shares, as the Hang Seng Index added 0.2% to 18,698.76. However, ...
Shares of companies with significant business in China slipped sharply in U.S. trading on Thursday on signs that the Asian country's factory activity is poised for a...
The Federal Reserve Thursday released a set of detailed plans banks have put together to correct problems in their mortgage-servicing and foreclosure-processing oper...
United Technologies Corp. (UTX) has hit the U.S. bond market with a six-part benchmark deal to help it finance its $16.5 billion takeover of Goodrich Corp. (GR).A de...
United Technologies Corp. (UTX) has hit the U.S. bond market with a six-part benchmark deal to help it finance its $16.5 billion takeover of Goodrich Corp. (GR).A de...
A European Union court Thursday rejected a legal challenge by MasterCard Inc. (MA) of a 2007 EU ruling over its fees, in a case seen as a litmus test on the levies c...
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