Forty-eight workers at HSBC Mortgage Services’ Chesapeake facility are losing their jobs.

HSBC Holdings PLC said Monday that first-quarter profit was better than a year ago, despite a $3.2 billion write-down on subprime mortgage assets in the United States.

HSBC has announced that it will extend its Rate Matcher service, as from April 14, 2008, to non-existing HSBC mortgage customers who are coming to the end of their fixed rate deals. The Rate Matcher service was introduced by HSBC at the start of...

Banking giant HSBC said on Monday it has lost a computer disc containing details of nearly 370,000 customers. The names, date of birth and insurance policies with banks and many other details of the consumers were lost. The data disk lost by...

Banking group HSBC Holdings PLC said Monday that profit rose 21 percent in 2007 in the face of hefty impairments on subprime and other loans in North America.

HSBC Holdings PLC, Europe’s largest bank, said Friday it has received an offer of about $3.2 billion in cash for its French regional banking subsidiaries from France’s Banque Federale des Banques...

Top-ranked Lorena Ochoa began her season by shooting six birdies to take a one-stroke lead after the first round of the inaugural $2 million HSBC Women’s Champions tournament on...

World�s local bank, Hongkong and Shanghai Banking Corporation Bank (HSBC), is all set to expand its operations at major level in India. According to a top HSBC official, India has gained the status of Bank�s fastest growing market in the...

HSBC Holdings PLC, Europe’s largest bank, said Monday it will bail out two troubled funds it manages by transferring about $45 billion of their assets onto its balance...

HSBC Holdings PLC, Europe’s biggest bank, reported another big hit from exposure to the U.S. mortgage crisis Wednesday and warned that bad debts could increase if the U.S. housing market weakens...