"People always go on about how conservative we are, " one HSBC trader complains.
Some credit card issuers, such as Capital One and HSBC, more than doubled their mail offers during this quarter versus the prior quarter.
For Negyl at HSBC, one of the biggest international fund companies in the world, he looks at a universe of 400 stocks in the big four emerging markets.
Part of the reason is that a strong capital base and a liquid balance sheet--HSBC has one of the strongest Tier 1 ratios out of the big banks--is something the company has never parted from, Green says.
James Steel, precious metals analyst at HSBC, said one positive sign for bullion prices is a recovery in the gold-implied lease rates to minus 0.30% from a year-to-date low of minus 0.57% on Dec. 6.
In volume terms, HSBC expects RMB to become one of top three globally traded currencies by 2015, and within five years, it could be fully convertible.
He's replaced the division's management and is winding down the mortgage services business "very radically" but adds that he still sees some "good development opportunities in the U.S." One is the Hispanic community, building on HSBC's status as Mexico's fourth-largest bank (it bought Banco Internacional there in 2002) and the largest in Central America.
HSBC's underlying profits - which ignore one-time accounting effects as well as the impact of changes in the bank's creditworthiness - rose 18%.
One cautionary note, however, is that while the HSBC PMI is meant to be seasonally adjusted, it has only risen in June from May in two of the last eight years (on average it has fallen by 0.8 points), suggesting there may have been some downward seasonal bias in the way HSBC runs the numbers.
Although Goodwin's institution doesn't have the legacy presence in Asia that HSBC does and hasn't been trying to add one, our story should have some resonance in that region.
When HSBC transferred its HQ to London in 1992, says one veteran, it was relatively easy because the firm was still run by expatriate staff who were used to leading nomadic lives.
HSBC, which lets its sleeping accounts lie, has been one of the few banks to disprove economic theory.
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Since then, KPCB China has staffed up with a few new partners, the most recent one being Victor Leung, who came on board in January 2011 from HSBC Private Equity Asia.
However, HSBC (what was Hong Kong and Shanghai Bank, and one of the largest banks in the world) seems to think that you really, really need to know exactly where the nearest bank branch is.
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In fact, a recent assessment by HSBC names 'tough operating conditions for businesses in Vietnam', as one of the main factors behind the slowing of the country's economic growth in the first quarter of the year.
Of course there is one exception to this trend of banks becoming more British, which is the leviathan called HSBC.
"The start of yuan clearing service in Singapore is one more step forward to the internationalization of the renminbi, " said Matthew Cannon, HSBC's head of global markets in Singapore, referring to the Chinese currency by its official name.
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One option is to promote Mr Geoghegan to chairman, with Stuart Gulliver, the boss of HSBC's investment bank, replacing him.
And some lesser known options for avoiding these fees are the Pentagon Federal Promise and Travel Rewards Amex, the HSBC Premier, and the Schwab Visa (if you were lucky enough to get one before it was discontinued).
He refused to be drawn on what the final outcome would be, but he did not deny that expectations of banks such as HSBC that they'll be forced to hold what's known as core tier one capital equivalent to around 10% of risk-weighted assets are in the right ballpark - or about 3 percentage points more than the new 7% minimum for all banks.
All but one of 25 analysts rate the stock as a "buy" or a "hold, " with HSBC's Husson saying Wal-Mart has improved its product mix to include more high-margin goods.
By 2015 the Chinese currency, the renminbi (RMB), will be one of the three most traded currencies in the world, on par with the euro and the dollar, HSBC said on Friday.
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