VENTURE CAPITAL POST

More than seven banks are changing projecting that the European Central Bank would cut its interest rates after its meeting this November.

As ordered by US District Judge Ronald Guzman, HSBC and individual plaintiffs would go into the process of evidentiary discovery.

Due to the statement by US District Court Judge Ronald A. Guzman, the USD2.46 billion judgment payment charged to HSBC Holdings for improprieties of its unit International Household, may increase due to interest on amounts due.

A decision by US Judge Ronald Guzman put HSBC's Household International Inc liable to pay USD2.46 billion as settlement for misleading its investors.

New appointments to HSBC Holdings management staff were recently announced to respond to the recovery in the region's financial markets.

Several local and international banks come together to provide a loan facility worth USD880 million for Atlantis, The Palm.

As the fruition of months of planning and years of animosity, China and Taiwan formalizes the two way cross border transaction system for companies trading in the yuan.

HSBC Holdings had appointed former Marks & Spencer CEO Stuart Rose for an advisory role in the company.

Europe's biggest bank, HSBC Holdings Plc, said it had appointed Florian Fautz to be its global head for mergers and acquisitions.

SABB, which is partially owned by HSBC, has been busy preparing for a sukuk bond issue by year's end.

A private survey revealed that China's PMI for the services sector showed signs of growth.

HSBC's stock falls as it advises diplomatic missions to close their accounts with their bank.

HSBC Leveraged Finance shelled out GBP 19.5 million to invest in Trustmarque Solutions.

Investors kept their money in US Treasuries after the steepest two month loss for securities.

The Chinese securities regulator grants mutual fund licenses to HSBC and Citigroup.