HSBC Holdings

World banks in a race for Chinese wealth of $7.6 trillion

November 19, 2009 - 6:57am | Analytics | News

The number of U.S.-dollar millionaires in China is expected to nearly double in five years, luring private bankers eager to help them invest an expected combined wealth over $7.6 trillion by 2013, Boston Consulting Group (BCG) said on Thursday.

Global wealth declined last year for the first time since 2001, the consultancy said, but the number of Chinese individuals with household financial wealth of more than $1 million may grow to 788,000 by 2013 from 417,000 in 2008.

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HSBC Holdings may need to raise $30 billion

January 14, 2009 - 4:22pm | Banks and internet banks | News

HSBC Holdings may need to raise $30 billion in equity and slash its dividend in half, analysts from Morgan Stanley said Wednesday in a research note that challenges the perception that the bank is one of the strongest in the world.

HSBC Holdings Europe's largest, is unusual in that it hasn't accepted cash from any government during the credit crunch.

dividend | HSBC Holdings | Morgan Stanley

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HSBC purchases new headquarters in the heart of London

December 5, 2008 - 3:15pm | Banks and internet banks | News

MarketWatch news agency has reported today that HSBC Holdings announced the coming purchase of its London headquarters from Spanish property group Metrovacesa which it has sold about 1,5 years ago. The expected contract value will be 250 million pounds ($367 million). It is necessary to say that the price will be less that the one received for the building around 18 months ago.

bank | HSBC | HSBC Holdings | Metrovacesa

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