HSBC Holding News

Banking giant HSBC is to sell its London headquarters to the National Pension Service of South Korea for 772.5m . HSBC will retain occupancy of the building under the leaseback deal.

South Korea's National Pension Service is to pay KRW1.5 trillion for HSBC Holding PLC's /quotes/comstock/13*!hbc /quotes/nls/hbc headquarters building in London, Maeil Business Newspaper reported Friday citing unnamed official from the NPS.

Today's top business stories U.S. financial reform urged, Cossette stock up on buyout Photo of 3-D movie viewers that appeared in Life Magazine in 1952 J.R. Eyerman / Life Magazine/AP Plus, why there's no business like show business in a slump.

Britain's two biggest banks, HSBC Holdings PLC and Barclays PLC, reported strong investment banking profits on Tuesday and signalled that bad debts may be nearing their peak, raising hopes the worst of the financial crisis is over for them.

Morning Business Briefing Rona cites signs of recovery, recession reduces burglaries Plus, the movies that drove Cineplex profits.

While U.S. and European officials this weekend squabbled over the specifics of an economic recovery plan, China took another step to ensure long-term economic growth by inking another multibillion-dollar deal with Africa.

Both HSBC Holdings and Barclay's both benefited from a decline in loan losses during the third quarter, but while HSBC reported a healthy profit, Barclays reported a 54% drop in earnings.

Britain's two biggest banks, HSBC Holdings PLC and Barclays PLC, reported strong investment banking profits and signaled that bad debts may be nearing their peak, raising hopes the worst of the financial crisis is over for them.

HSBC Finance Corp. said Tuesday it will sell its auto loan servicing business and $1 billion in car loan receivables for $904 million.

HSBC, Europe's biggest bank, said today that its pre-tax profits during the third quarter were 'significantly ahead' compared with the same time a year earlier.

HSBC Bank USA said Tuesday that it expanded into San Mateo County with a branch in Daly City.

A BARCLAYS BANK BRANCH IN LONDON YESTERDAY: The bank reported buoyant investment bank earnings as it took advantage of resurgent debt and foreign exchange trading.

Export orders were on the rise in October in China , suggesting a strengthening recovery and an opportunity to cut back on stimulus spending.

More bad news for those in the finance industry. The latest reports and rumors of layoffs are at HSBC Holdings plc , Royal Bank of Scotland Group plc , Danversbank and CIT Group Inc.

HSBC Holdings PLC says it is cutting 1,700 positions from its British work force.

Leading U.K. bankers have urged the Financial Services Authority to slow down its efforts to reform markets, according to documents seen by Financial News, which demonstrates the level of discomfort within the industry at the pace of change.

Faith Hung and Joseph Chaney TAIPEI - Reuters Published on Monday, Nov. 02, 2009 7:10AM EST H SBC Holdings HBC-N is preparing to boost its China presence about 20 per cent next year, as it ramps up for an IPO in one of its fastest growing markets, a top company executive said.

Bloomberg reports that billionaire philanthropist Pete Peterson , has suggested that Goldman Sachs needs to make a charitable donation of at least $1bn if the firm is to mollify the public's anger over employee bonuses.

HSBC, the self-proclaimed 'world's local bank', is closing more branches in the New Year and has been accused of 'doing a Barclays' by stealth - a reference to that bank's' decision to close 171 branches in one day in 2000.

Although there has been a lot of talk lately of breaking up big banks so the idea that they're "too big to fail" doesn't have an effect on the banks going to the governments to be bailed out every time they get in trouble, HSBC Holdings sees it differently, believing we're going to enter into even more consolidation, as retail banking margins will ...