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 sues accused Democratic fund-raiser in New York

http://www.reuters.com/article/marketsNews/idCNN1827221920090918?rpc=44

* Fund-raiser for Obama and Clinton
* Bank says it was deceived into lending him $100 million

NEW YORK, Sept 18 (Reuters) - A fund-raiser for Barack Obama, Hillary Clinton and other Democrats who was charged last month with defrauding Citigroup Inc (C.N) is being sued by HSBC (HSBA.L) for deceiving it into lending him $100 million.

The lawsuit filed in New York State Supreme Court in early September accused private equity firm head Hassan Nemazee, 59, of engaging in an elaborate scheme to make HSBC Bank USA believe that its loan was secured by collateral in the form of U.S. Treasury Notes when it was not.

Nemazee, who sits on the board of the Iranian American Political Action Committee, typically donates more than $100,000 annually to Democratic political candidates.

He is listed as one of the top "bundlers" of contributions to Obama's 2008 presidential campaign, according to OpenSecrets,org, a website run by the Center for Responsive Politics research group.

Nemazee was charged on Aug. 25 of one count of bank fraud for seeking a $74 million loan from Citigroup's banking unit under false pretenses.

He was arrested at Newark Liberty International Airport in New Jersey on Aug. 23 as he was checking in for a flight to Italy, according to court papers.

U.S. prosecutors accused him on Sept. 2 of defrauding other banks. In a letter to a magistrate judge in Manhattan federal court, prosecutors said he repaid the Citibank loan by defrauding another bank, but did not identify it.

The bank was HSBC, according to the civil lawsuit. The bank sued Nemazee for breach of contract and fraud. Nemazee's lawyers could not immediately be reached for comment.

The HSBC lawsuit, dated Sept. 2, said that "to accomplish the fraud, Nemazee represented to HSBC that he had $89 million in Treasury Notes, with a current market value of more than $125 million, in a specified brokerage firm account; submitted a supposed agreement from the brokerage firm with forged signatures, false addresses, and false telephone numbers; used a mail drop; and submitted fabricated brokerage statements."

HSBC said that on Aug. 24, "Nemazee drew $75 million from HSBC on his fraudulently obtained credit facility, and used the funds to pay off his Citibank loan."

In court papers, lawyers said the government had frozen two of Nemazee's accounts at JPMorgan Chase & Co (JPM.N).

They said JPMorgan Chase froze his securities account at Brean Murray, Carret & Co and Bank of America Corp (BAC.N) froze his funds and those of his children.

If convicted, Nemazee faces up to 30 years in prison and a fine that could reach $1 million or more on the one criminal charge.

The cases are HSBC Bank USA NA v Hassan Nemazee 602735/2009 in New York State Supreme Court in Manhattan and U.S. v. Nemazee, 09-mj-1927 in U.S. District Court for the Southern District of New York (Manhattan). (Editing by Ted Kerr).

Interim Management Statement

HSBC INTERIM MANAGEMENT STATEMENT




Profitability for the first nine months of 2009 was stronger than our expectations at the start of the year, as positive trends experienced in the first half continued into the third quarter. As a result, year to date pre-tax profit was ahead of the comparable period in 2008 on an underlying basis, excluding movements in fair value on our own debt related to credit spreads. On the same basis, pre-tax profit for the third quarter of 2009 ('Q3 2009') was significantly ahead of Q3 2008. On a reported basis, HSBC's performance in Q3 2009 was lower than in Q3 2008, largely due to fair value movements on our own debt caused by tightening credit spreads.




Building on its exceptional first-half results, Global Banking and Markets maintained its record performance for the year to date. In the US consumer finance run-off portfolio, loan impairment allowances declined in the quarter, representing the first quarterly fall since the start of 2006. In emerging markets, revenues in Personal Financial Services and Commercial Banking held up well and, with the exception of the Middle East, loan impairment charges were notably lower than in the preceding quarter as economic conditions improved. Tight cost control also ensured that total costs for the year to date compared favourably with 2008.




The Group's tier 1 ratio increased to 10.3 per cent, and the core equity tier 1 capital ratio strengthened to 9.0 per cent. HSBC maintained its strong liquidity position, with its published advances-to-deposits ratio remaining under 80 per cent. On 2 November, the Board declared a third interim dividend of US$0.08 per ordinary share, with a value of approximately US$1.4 billion, bringing total dividends in respect of the first nine months to US$4.2 billion. Capital generation comfortably exceeded dividends in each quarter.

+9p

+22 - just closed a long HSBA and short BARC :-)

4.5% ...by march2010 hope to reach 8.25

Daubai started investing again.
Should have no problem paying debt, IMO, just playing with the bear.

2 Banks to Buy, 2 to Sell and 1 to Hold. I bumped into this. Published on Monday

http://uk-analyst.com/shop/page-article/action-article.show/id-130003327

FINAL RESULTS

Underlying performance significantly ahead



Underlying pre-tax profit up US$4.7 billion or 56 per cent to US$13.3 billion, after excluding the goodwill impairment in North America in 2008.

On a reported basis, pre-tax profit down 24 per cent to US$7.1 billion.

Reported profit attributable to shareholders up 2 per cent to US$5.8 billion.

Positive jaws, with revenues up 8 per cent, costs down 4 per cent, and cost efficiency ratio 47.5 per cent on an underlying basis, after excluding the goodwill impairment in North America in 2008.

Dividends in respect of 2009 totalled US$5.9 billion, or US$0.34 per ordinary share, with a fourth interim dividend for 2009 declared of US$0.10 per ordinary share.

One of leading dividend payers in financial services. HSBC has declared dividends in respect of last three years totalling more than US$24 billion.

Earnings per share down 17 per cent to US$0.34 (2008: US$0.41).

only US$0.10 dividend oh crazy

Dividends in respect of 2009 totalled US$5.9 billion, or US$0.34 per ordinary share, with a fourth interim dividend for 2009 declared of US$0.10 per ordinary share.

eventhough it is so bad

Underlying pre-tax profit up US$4.7 billion or 56 per cent to US$13.3 billion, after excluding the goodwill impairment in North America in 2008.

On a reported basis, pre-tax profit down 24 per cent to US$7.1 billion.

Reported profit attributable to shareholders up 2 per cent to US$5.8 billion.

Positive jaws, with revenues up 8 per cent, costs down 4 per cent, and cost efficiency ratio 47.5 per cent on an underlying basis, after excluding the goodwill impairment in North America in 2008.

thx Ahoj for the details hopefully HSBC will report better report next quarter and share price break gbp8.00 again.

Interim Management Statement.

HSBC Holdings plc (HSBC) will be conducting a trading update conference call with analysts and investors today to coincide with the release of its Interim Management Statement and the third quarter results of its principal operations in the United States ('US'), HSBC Finance Corporation and HSBC Bank USA Inc., whose formal SEC 10-Qs will be available at Investor Relations on www.hsbc.com shortly after 08.15 GMT (in London). The trading update call will take place at 12.00 GMT (in London), and details for participating in the call and live audio webcast can be found at Investor Relations on www.hsbc.com and at the end of this statement.

Market outlook: HSBC, Pearson, ITV, GKN

http://www.whatinvestment.co.uk/trading/markets/news/1605403/market-outlook-hsbc-pearson-itv-gkn.thtml

Blue Chip Bulletin: HSBC dividend up but targets cut

http://www.whatinvestment.co.uk/trading/share-dealing/uk-companies/1605433/blue-chip-bulletin-hsbc-dividend-up-but-targets-cut.thtml

Interim management Statement.

Sitting @6 - waiting for 5.

Firmly through 6 this morning.

Interim Results.

Attributable profit up 16% to HK$8,057m (HK$6,964m for the first half of 2010; up 1% compared with HK$7,953m for the second half of 2010).


Profit before tax up 15% to HK$9,320m (HK$8,103m for the first half of 2010; up 1% compared with HK$9,242m for the second half of 2010).


Operating profit up 6% to HK$7,129m (HK$6,697m for the first half of 2010; down 4% compared with HK$7,388m for the second half of 2010).


Operating profit excluding loan impairment charges and other credit risk provisions up 6% to HK$7,287m (HK$6,850m for the first half of 2010; down 4% compared with HK$7,625m for the second half of 2010).


Return on average shareholders' funds of 22.7% (22.8% for the first half of 2010; 23.5% for the second half of 2010).


Earnings per share up 16% to HK$4.21 per share (HK$3.64 per share for the first half of 2010).


Second interim dividend of HK$1.10 per share; total dividends of HK$2.20 per share for the first half of 2011 (HK$2.20 per share for the first half of 2010).


Capital adequacy ratio of 13.8% (13.6% at 31 December 2010); core capital ratio of 11.0% (10.8% at 31 December 2010).


Cost efficiency ratio of 34.6% (33.8% for the first half of 2010 and 33.6% for the second half of 2010).