HSBC, the London-based banking group, just announced it was putting together its Distressed Opportunities Fund.
Citigroup and HSBC aren't exactly tripping over each other to sign up sub-Saharan Africa's rural poor.
Monday's results make HSBC the second-most-profitable bank among Britain's four big lenders in 2009.
The preliminary reading of HSBC's Purchasing Managers' Index (PMI) fell to 50.5, from 51.6 in March.
He will be responsible for beefing up HSBC's anti-money laundering and sanctions compliance systems.
Surveys by HSBC Corp. and a Chinese industry group showed Chinese manufacturing growth weakened in April.
Nick Robins from HSBC says that electric cars and other low carbon technologies are next.
Neither Barclays nor HSBC received any direct support from the government during the financial crisis.
Andy Betts, from Luton, had to leave his shopping behind after his HSBC debit card failed.
Mr. Wong is head of global payments and cash management in China for HSBC.
Citibank, HSBC, Standard Chartered, Bank of East Asia are among the most aggressive players.
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The jobs are going at HSBC as the bank streamlines its number of customer advisers.
In spite of the challenges faced by HSBC, foreign banks continue to invest in Mexico.
Stuart Gulliver, HSBC's new boss, confirmed that the bank is to scale back its global business.
HSBC, for instance took control of its Argentine operations to create HSBC Bank Argentina in 1997.
"QE is not inflating the world economies like governments have hoped, " said Mr Rose at HSBC.
In the UK, for example, Nationwide and HSBC weathered the storm, because their foundations were stronger.
Four of seven key HSBC marketing executives, including Stringham, had strong connections to Omnicom.
Knight says HSBC should push harder in Asia and put Asian representatives on its board.
Mr Echegaray added that HSBC also helped clients evade taxes on an additional 224m pesos.
Alex Hundt, 49, was at the time running a global trading desk at HSBC.
"Things are going to get a lot worse before they get any better, " says HSBC's Muzaffar.
Perhaps because it was the first to fess up, HSBC hasn't done so badly since then.
The preliminary reading of HSBC's Purchasing Managers Index (PMI) rose to 51.7, from 50.4 in February.
Shortly after, the agents turned their attention to HSBC, according to people familiar with the probe.
The HSBC version of events nudged marginally higher but tracked the same uptick in activity.
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The HSBC preliminary reading, called Flash PMI, is a private survey of more than 420 companies.
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Bank of Communications is the only Shanghai-based big firm, in which HSBC holds a 19% share.
Meantime, as Parmy Olson's story explains, HSBC was conservative enough to fill the leadership void.
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