HSBC's US division faces $24m lawsuit (Daily Telegraph)
Duties of the credit department Legal action Taking necessary steps to ensure settlement of account Knowing the credit policy and procedures for credit control Setting credit limits Ensuring that statements of account are sent out Ensuring that thorough checks are carried out on credit customers Keeping records of all amounts owing Ensuring that debts are settled promptly
HSBC's US division faces $24m lawsuit (Daily Telegraph)
HSBC is being sued in the United States by a real estate fund that alleges the bank's American mortgage operation took advantage of the credit crisis to profit at the expense of investors.
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HSBC chairman and activist to meet (Daily Telegraph)
HSBC chairman Stephen Green has agreed to meet with rebel investor Knight Vinke – but on the condition that nothing said in the meeting is leaked to other shareholders.
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HSBC Bank Canada rated one of the top employers in the country (CNW Group via Yahoo! Finance)
HSBC Bank Canada has once again been selected as one of MediaCorp's "Canada's Top 100 Employers" as featured in Maclean's Magazine and one of The Financial Post's "100 Best Companies to Work For".
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Hari Raya Brunch At HSBC Serusop (BruDirect.com)
Bandar Seri Begawan - Hundreds of walk-in customers at the HSBC Serusop Branch received a pleasant surprise yesterday when they were met with Hari Raya food, drinks and hospitality.
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HSBC wants to raise stake in China’s BoCom (The Star Online)
BEIJING: HSBC Holdings Plc wants to increase its stake in China's Bank of Communications over the next 12 months, BoCom chairman said yesterday.
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Real estate fund sues HSBC over bond deal: report (EARTHtimes.org)
ZURICH (Reuters) - A U.S. real estate fund has sued HSBC Holdings alleging the British bank's U.S. mortgage trading operation took advantage of the credit crisis to profit at the expense of the fund, the Wall Street Journal reported.
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HSBC says has not joined talks for US mortgage fund (Reuters via Yahoo! Singapore News)
HONG KONG, Oct 15 - HSBC , Europe's biggest bank, said on Monday that it has not participated in talks with big U.S. banks forming an US$80 billion fund to buy ailing mortgage securities and other assets.
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(AFX UK Focus) 2007-10-16 14:28 GMT: Knight Vinke renews attack on HSBC (Interactive Investor)
LONDON (Thomson Financial) - US activist investor Knight Vinke has renewed its attack on UK bank HSBC Holdings PLC, recommending that the group liquidate a majority of its investment banking business on top of other "radical" strategic changes in order to unlock value.
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US Dollar: 90% Chance for October Rate Cut! (Daily FX)
US Dollar: 90% Chance for October Rate Cut! The price action in the financial markets this week is a testament to how quickly expectations and sentiment can change.
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US Dollar: 90% Chance for October Rate Cut! (Daily FX)
• US Dollar: 90% Chance for October Rate Cut! • G7 Meeting: Clearest Trend is Yen Strength • Canadian Dollar Hits 33 Year High, RBNZ Rate Decision Next Week
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HSBC's US division faces $24m lawsuit (Daily Telegraph)
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