Headquartered in London, HSBC is one of the largest banking and financial services organisations in the world. HSBCs international network comprises over 9,800 offices in 77 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. Companby has listings on the London, Hong Kong, New York, Paris and Bermuda stock exchanges. Through an international network linked by advanced technology, including a rapidly growing e-commerce capability, HSBC provides a comprehensive range of financial services: personal financial services; commercial banking; corporate, investment banking and markets; private banking; and other activities.

            Red = 25 day moving average.           Green = 200 day moving average.

HSBC (hsba)

Broker upgrade....Petropavlovsk PLC

HSBC Holdings
FTSE 100
Financial
Add
629
557.4
12.8%
AlphaValue

Target SP 629p 12.8% Upside.

HSBA

HSBC Holdings
FTSE 100
Financial
Buy
650
550.4
18.1%
Societe Generale

Target Sp 650p 18.1% upside.

HSBC Holdiings (hsba)

Broker Note out this morning.....

HSBC Holdings
FTSE 100
Financial
Outperform
710
559.9
26.8%
Sanford C. Bernstein & Co

710p Target SP 26.8% upside

HSBC in talk to sell its Korean retail..

...
According to the HSBC Korea website, HSBC has 11 branches in Korea and total assets of some 30,020 billion Korean won ($26.4 billion) as of June 2011.
....

HSBC launching first offshore yuan bond in London

(Reuters) - HSBC is launching its first offshore yuan bond, which will be the first offshore yuan deal to be listed in London, IFR, a Thomson Reuters publication, reported on Wednesday.

HSBA Exane BNP Paribas reiterates it's Outperform TP 675.00p

HSBC Holdings plc (HSBA)Apr 27, 2012 Analyst Comment by Zacks Investment Research

As part of its plan to reduce cost by retrenching 30,000 employees by the end of 2013, HSBC Holdings Plc ( HBC ) has announced job cuts in the UK. The company stated that there would be a reduction of about 3,167 jobs, out of which nearly 950 employees would be redeployed in other departments. This implies an effective job cut for over 2,200 employees. more
As part of its plan to reduce cost by retrenching 30,000 employees by the end of 2013, HSBC Holdings Plc ( HBC ) has announced job cuts in the UK. The company stated that there would be a reduction of about 3,167 jobs, out of which nearly 950 employees would be redeployed in other departments. This implies an effective job cut for over 2,200 employees

http://www.zacks.com/stock/news/73997/hsbc-downsizing-workforce-in-uk

SALE OF CARD AND RETAIL SERVICES BUSINESS TO CAPITAL ONE

On 10 August 2011 HSBC Holdings plc ('HSBC') announced that, through its wholly owned subsidiaries, HSBC Finance Corporation, HSBC USA Inc., HSBC Technology and Services (USA) Inc. ('HTSU') and other wholly owned subsidiaries, it had agreed to sell and transfer certain of the assets and liabilities of its card and retail services business in the United States (the 'Business') to Capital One Financial Corporation.

The transaction, which was subject to various conditions including, among others, the receipt of applicable governmental and regulatory approvals, closed on 1 May 2012.

Under the terms of the transaction, HSBC received a cash consideration of US$31.3bn, including US$2.5bn based on a premium of 8.75% over the gross customer loan balances at 31 March 2012. The consideration and premium are subject to an adjustment based on final closing balances.

In connection with the transaction, HTSU entered into a Purchaser Transition Services Agreement with Capital One Services, LLC ("Capital One Services"), a wholly owned indirect subsidiary of Capital One Financial Corporation, pursuant to which HTSU and its subsidiaries will provide certain services to Capital One Services and its subsidiaries related to the operation of the Business for a period of up to two years. Capital One Services may extend these services for an additional year in certain circumstances.

HSBC Bank USA continues to offer credit cards to its customers. The Business sold excludes HSBC Bank USA's credit card programme of US$1.2bn at 31 March 2012, of which US$0.4 billion is scheduled to be sold to First Niagara Bank, N.A. in the second quarter of 2012.

HSBC BANK USA, N.A. TO TRANSFER RETAIL MORTGAGE PROCESSING AND SERVICING OPERATIONS
***HSBC to continue providing mortgages through its U.S. branch network***
***PHH Mortgage engaged to service HSBC's prime mortgage portfolio***
***Up to 400 HSBC mortgage employees to transfer to PHH Mortgage***


HSBC Bank USA, N.A. ('HSBC'), a wholly-owned subsidiary of HSBC Holdings plc, has entered into a strategic relationship with industry leader PHH Mortgage Corporation ('PHH Mortgage'), a subsidiary of PHH Corporation, to manage HSBC's mortgage processing and servicing operations.

Under the terms of the agreement, PHH Mortgage will provide HSBC with mortgage originations processing services as well as sub-servicing of the bank's prime mortgage loan portfolio and serviced for others portfolio. There is no consideration payable or transfer of assets involved but HSBC will pay fees to PHH Mortgage for the services provided in accordance with the agreement. As at 31 March 2012 the unpaid principal balances of the owned prime mortgage loan portfolio and the serviced for others portfolio were US$15.5bn and US$36.6bn, respectively.

The relationship allows HSBC to leverage PHH Mortgage's mortgage platform capabilities. HSBC will continue to offer mortgages through its branch network, and its in-house loan officer sales force will maintain its focus on originating mortgages for HSBC customers, including Premier clients. Servicing of existing customers1 will not be affected and PHH Mortgage and HSBC are working closely together to ensure seamless service throughout the transition.

The agreement will see approximately 400 HSBC employees given the opportunity to transfer to PHH Mortgage. Further information on the transitional arrangements will be communicated to affected staff and other stakeholders from today.

"I would like to take this opportunity to thank the HSBC mortgage team for the significant contribution they have made over the years," said Irene Dorner, President and CEO, HSBC USA. "This agreement is a continuation of HSBC's strategy to reposition our U.S. business and ensures we manage our mortgage activities most efficiently. We look forward to this new relationship with PHH Mortgage and the outstanding support they will provide."

The transfer of these operations to PHH Mortgage is expected to complete in the first quarter of 2013.

HSBC to issue trading update

HSBC profit up on strong investment bank, cost cuts
http://www.reuters.com/article/2012/05/08/hsbc-results-idUSWLA763920120508?feedType=RSS&feedName=financialsSector&rpc=43

09 May HSBC Holdings PLC HSBA Goldman Sachs Conviction Buy 547.05 800.00 820.00 Retains

800p SP target.

CONVICTION BUY

STATEMENT


HSBC Latin America Holdings (UK) Limited, together with other wholly owned subsidiaries of HSBC Holdings plc, confirms that it is in discussions regarding the possible sale of its operations in Colombia, Peru, Uruguay and Paraguay.

HSBC will make a further announcement if or when appropriate.

HSBC AGREES TO SELL ITS BUSINESSES IN COLOMBIA, PERU, URUGUAY AND PARAGUAY

HSBC Latin America Holdings (UK) Limited, together with other wholly owned subsidiaries of HSBC Holdings plc ('HSBC Group companies'1), has entered into an agreement with the Colombian banking entity controlled by the Gilinski Group2, Banco GNB Sudameris S.A., to sell the HSBC Group's businesses in Colombia, Peru, Uruguay and Paraguay for a total consideration of US$400m in cash, subject to adjustment to reflect the net asset value in each of the businesses at completion.

These transactions are subject to the requisite regulatory approvals in each jurisdiction, as well as other conditions. The sales of the businesses in Colombia and Peru are expected to complete in the fourth quarter of 2012 and the sales of the businesses in Uruguay and Paraguay are expected to complete in the first quarter of 2013.

These transactions represent further progress in the execution of the HSBC Group strategy. Antonio Losada, President and CEO of HSBC Latin America and the Caribbean, said: "We are pleased to have reached this agreement with Banco GNB Sudameris as we seek to focus on our operations where we see the greatest potential for sustainable growth for HSBC. I would like to thank the management teams and employees for their dedication and wish them every success for the future."

At 31 December 2011, the businesses to be sold had 62 branches across the four countries and a gross asset value of US$4.4bn.

UPGRADE UPGRADE UPGRADE UPGRADE UPGRADE

17 May HSBC Holdings PLC HSBA Investec Buy 529.35 600.00 - Upgrades

600p SP target.

HSBC is probably the safest bank in the world, some believe that it is even better than European central bank.

only because they don't know the extent of their bad debts which are unprovided.

Nearly back to £5 a share and where I'll accumulate from...

reports suggest they are looking to sell their UK retail business(Midland Bank as was) and slope off to HK.

SALE OF UPSTATE NEW YORK RETAIL BRANCHES TO FIRST NIAGARA COMPLETES
***Branches sold for a consideration of US$0.9bn***
***HSBC to retain commercial banking operations in the Upstate NY market***


On 31 July 2011, HSBC announced that its wholly-owned subsidiary HSBC Bank USA, N.A. and other wholly-owned subsidiaries, had agreed to sell 195 retail branches, primarily in Upstate New York1, to First Niagara Bank, N.A. ("First Niagara")2.

The sale to First Niagara completed today. Consideration received, based on figures at 30 April 2012, was approximately US$0.9bn3.

At 30 April 2012, the branches held approximately US$14.5bn in deposits and over US$4bn of brokerage and insurance assets under management. As at 30 April 2012 the branches had outstanding loans to customers of US$2.2bn.

HSBC Bank USA, N.A. remains committed to serving and further developing corporate banking relationships in Upstate New York, including the provision of a full suite of international commercial banking offerings, including trade and cash management products and services.