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HSBC HSBC is considering plans to shed up to 50 of the 800 jobs at its HFC sub-prime loans business in Birmingham. 13-Nov-2008 HSBC is to set up an 18,750 sq ft banking services office at 141 Bothwell Street in Glasgow early next year. 10-Oct-2008 HSBC is to shed 1,100 of the 335,000 jobs in its worldwide banking business, with many of the losses being at its investment banking division in London's Canary Wharf. 29-Sep-2008 HSBC is considering a site at Monks Cross in York for the development of a new credit card data processing centre, which could create up to 200 jobs. 17-Sep-2008 HSBC is creating 20 jobs at a new bank branch on Royal Avenue in Belfast, and is now planning further expansion for its chain of six branches in Northern Ireland over the next three years. 25-Aug-2008 HSBC is to expand its customer services call centre in Newport, South Wales, with the creation of 250 jobs. 20-Jun-2008 HSBC has sold a 51% stake in its UK card processing operation to Global Payments of the US for £225m, with the transfer of 400 staff. 19-Jun-2008 HSBC is to relocate its Liverpool-based retail and commercial departments from a 17,000 sq ft office on Dale Street to two new locations in Lord Street and the city centre. 19-May-2008 HSBC is to set up a 14,000 sq ft office at Team Valley in Gateshead, employing 90 staff in its commercial, corporate and private wealth divisions. 12-May-2008 HSBC is to close its banking call centre in Livingston, but hopes to redeploy most of the 167 staff. 04-Apr-2008 HSBC is expected to stop trading in mortgage-backed securities with the loss of up to 120 jobs. 12-Nov-2007 HSBC has sold its Marbles and Beneficial credit card operations to SAV Credit for £385m. 31-Oct-2007 HSBC is planning to consolidate its Birmingham-based staff into two new office blocks totalling 400,000 sq ft at Arena Central, and a prelet with Miller Developments is expected to be signed in November. 12-Sep-2007 HSBC is planning to halve the 8,000-strong workforce at its Canary Wharf head office in London by 2014, in order to allow 4,000 staff to work from home. 18-Jun-2007 HSBC is considering plans to consolidate its five sites in Sheffield city centre and up to 2,500 staff into a new purpose-built regional office of up to 600,000 sq ft. 28-May-2007 HSBC is considering plans to consolidate its offices in Sheffield, Birmingham and London into single regional sites, following a property review by CB Richard Ellis. 05-Feb-2007 HSBC is shedding about 130 jobs in its bond trading business, which will mainly affect offices in London, Hong Kong and the US. 11-Dec-2006 HSBC is planning to open at least six bank branches in Scotland over the next 18 months, and 30 new jobs will be created when it opens a new main Edinburgh branch on Princes Street in early 2007. 09-Nov-2006 HSBC is planning to set up five "megastore" bank branches, with the first 35,000 sq ft site opening on London's Brompton Road, as part of a £400m investment in new outlets. 30-Oct-2006 HSBC is to invest £400m in the expansion of its network of 1,528 bank branches this year, including 50 new sites and 200 refurbishments. 07-Mar-2006 Lloyds TSB has sold its banking operations in Paraguay to HSBC for £8.6m, which will involve the transfer of 200 staff at six branches. 23-Feb-2006 HSBC is to expand its fund management operations in Edinburgh, with the creation of 247 jobs. 14-Feb-2006 HSBC has acquired Metris, the US credit card company, for £898m. 05-Aug-2005 HSBC is planning to reorganise its investment research business with the creation of about 50 jobs for analysts in London, New York and Hong Kong over the next six months. 07-Mar-2005 HSBC is planning to open 150 branches and recruit 1,000 commercial bankers in France this year, as part of a rebranding of the business. 17-Jan-2005 HSBC is planning to recruit 130 business bankers next year, as part of a £1.4bn five-year investment that has seen the creation of 214 commercial centres in its branches. 11-Oct-2004 HSBC has acquired Marks & Spencer Retail Financial Services for £762m, but M&S will retain 50% of the earnings from the store cards. 13-Jul-2004 HSBC is considering plans to refurbish about 400 bank branches, in order to improve service and streamline its product range. 05-Jul-2004 HSBC is to shed up to 3,500 head office and support jobs, but 1,000 additional staff will be recruited for its bank branch network. 18-Jun-2004 HSBC is said to be planning to recruit 300 equity analysts over the next three years, as part of a strategy to expand its brokerage operations. 02-Feb-2004 HSBC is to close its investment funds administration office in Sheffield with the loss of 182 jobs, and transfer the work to its stockbroker services division in Leamington Spa. 30-Jan-2004 HSBC is to shed 450 of the 1,500 jobs in the equities side of its worldwide investment bank. 28-Nov-2003 HSBC has acquired Bank of Bermuda for £770m, as part of a strategy to expand its private banking and fund administration operations. 30-Oct-2003 HSBC is planning to shed 4,000 jobs in its UK banking operations by 2006, affecting sites in Brentwood, Birmingham, Sheffield and Cardiff, in order to transfer work to India, China and Malaysia. 17-Oct-2003 Lloyds TSB is to sell part of its Brazilian business to HSBC for £490m, including its consumer lending operation and Banco Multiplo. 10-Oct-2003 HSBC is to shed about 40 investment banking jobs from its London-based corporate advisory and project finance business. 17-Sep-2003 HSBC is to close its banking call centre in Southend by next April with the loss of 200 jobs. 16-Jul-2003 HSBC is to shed 1,400 administration jobs at offices in Canary Wharf, Southampton and Sheffield. 03-Jul-2003 HSBC Private Equity has undergone a £25m management buy-out from HSBC, and the business will be renamed Montagu Private Equity. 19-Mar-2003 HSBC is planning to move out of five locations in the West End of London next year, in order to relocate to new offices in St James's Street. 02-Dec-2002 HSBC is to acquire Household International, the US consumer finance company, for £8.6bn. 15-Nov-2002 HSBC is to shed 100 jobs at its investment banking business in London, with equities and corporate finance being hardest hit. 08-Nov-2002 HSBC is to shed about 40 banking jobs in the Isle of Man, in order to transfer back office work to India. 08-Mar-2002 HSBC is planning to combine its corporate lending and investment banking operations in order to allow more cross-selling of services. 19-Feb-2002 HSBC is planning to close a banking administration centre at Landport in Portsmouth with the loss of 150 jobs. 23-Jan-2002 HSBC is to set up a £14m call centre at the De Montfort Business Park in Leicester, and 625 staff will be relocated from the bank's existing sites on Charles Street and Wellington Street. 13-Dec-2001 HSBC has shed a further 60 investment banking jobs in London. 13-Nov-2001 Charterhouse Development Capital, the venture capital group, has undergone a management buy-out from HSBC for undisclosed terms. 21-Jun-2001 Merrill Lynch and HSBC have launched their new online bank and brokerage for the mass affluent, and the first two of about 20 investment centres have been opened in London and Birmingham. 09-May-2001 HSBC is to expand its call centre operations in Leicester with the creation of 250 jobs, and will move its commercial contact operations to the city over the next 18 months. 25-Apr-2001 HSBC is to buy Barclays Bank's 13 branches and fund management operations in Greece. 31-Jan-2001 HSBC is to buy the Indian retail banking operations of Deutsche Bank for undisclosed terms. 02-Jan-2001 Merrill Lynch is linking up with HSBC to set up a network of local investment centres, in order to provide a physical presence to support their online share dealing services. 09-Oct-2000 HSBC is linking up with Merrill Lynch to develop a $1bn London-based online financial institution, in order to provide a range of services to non-US investors. 19-Apr-2000 HSBC is considering plans to sell CCF Charterhouse, the London-based investment banking division of Credit Commercial de France. 17-Apr-2000 HSBC Select is to transfer 260 jobs from two sites in Newcastle-under-Lyme to a new Auto Direct call centre in Stoke-on-Trent, and a further 100 new jobs will be created. 06-Apr-2000 HSBC is to acquire Credit Commercial de France for £6.6bn, in order to create a platform to expand its banking business into continental Europe. 03-Apr-2000 HSBC is opening a bank in a Waitrose store in Twyford, Berkshire, and more could follow if the trial is successful. 29-Mar-2000 HSBC is to invest £1.2bn on the development of internet banking services this year, but is not planning to close branches or reduce staff numbers. 29-Feb-2000 HSBC is to recruit a further 120 staff for its banking call centre in Swansea, in order to set up a 24-hour service. 23-Oct-1999 HSBC is launching a 24-hour TV banking service for customers with access to digital satellite television, and will later add other products such as travel and health insurance. 16-Sep-1999 HSBC has said it might train its 1,500-strong Midland Bank direct salesforce to be independent financial advisers, in order to sell more investment products to its 8m customers. 03-Aug-1999 HSBC's Auto Direct division is planning to relocate its motor insurance operation to a new £1m call centre at the Trentham Lakes employment park in Stoke, creating almost 200 jobs. 19-Jul-1999 HSBC is to acquire Republic National Bank New York for $7.6bn, and is offering a further $2.6bn for the remaining 51% stake in Safra Republic Holdings, which includes a number of private banks in Europe. 11-May-1999 HSBC is planning a £30m global rebranding programme that will result in the Midland name being removed from its UK banks and replaced with the HSBC initials. 28-Nov-1998 HSBC Midland, the treasury and capital markets division of HSBC, is cutting 60 jobs in London due to market conditions. 18-Nov-1998 HSBC Holdings has announced plans for the construction of a 41-storey headquarters at Canary Wharf in London. 29-Oct-1998 HSBC Holdings has cut 40 jobs in London, by reorganising both the Midland's treasury dealing division and the HSBC Investment Bank's specialised finance operations. 12-Jun-1998 HSBC Securities is to become the first stockbroker to promote a unit trust, and will target Close Fund Management's European Escalator Fund at both wealthy buyers and institutions. 26-May-1998 HSBC is to consolidate its banking and insurance operations into a single site at Canary Wharf in London, a move being seen as the most significant defection from the City by a financial services company. 31-Mar-1998 Hutchison Whampoa has bought the port of Harwich from HSBC Private Equity for a sum thought to be over £100m, and it plans to develop the port as a stop-off for cruise liners and as an entry point to mainland Europe. 03-Mar-1998 HSBC has sold its 20% stake in the Eurorail consortium that is hoping to build the Channel tunnel rail link to its partner companies - BICC, Kvaerner, NatWest and Seeboard. 12-Feb-1998 HSBC is to change the name of its institutional equities business from HSBC James Capel to HSBC Securities, as part of an ongoing effort to restructure its investment banking business under the parent company name. 06-Feb-1998 HSBC has acquired a 19.9% stake in Grupo Financiero Serfin, the Mexican bank, for £105m, which is a 42% lower price than when the deal was originally negotiated earlier this year. 31-Dec-1997 HSBC Holding is acquiring Harwich international port from Stena Line for £72m and plans to double the size of the port and make acquisitions through higher earnings. 06-Aug-1997 HSBC is to acquire the Roberts SA de Inversiones, the Argentine financial services group, for over $600m. 31-May-1997 HSBC is joining forces with Wachovia Corp, the US bank, to market cash management and trade finance services, particularly in the Asia-Pacific region. 11-Feb-1997 HSBC Gibbs Holdings has sold its Premium Credit operation to a management buy-out called Vendcrown, for £40m plus equity. 24-Aug-1996 HSBC's Marine Midland subsidiary in New York is acquiring First Federal Savings & Loan for £397m. 23-Aug-1996 HSBC Holdings, the owner of Midland Bank, is looking to acquire a medium-sized US investment bank, and has already identified about 20 possible targets. 15-Jul-1996 HSBC Holdings has denied it is looking to expand its UK and US banking activities through acquisition, but it is considering acquisitions in fund management. 27-Feb-1996 HSBC Holdings is to merge its European investment banking activities, currently run separately by James Capel and Samuel Montagu, under the name of HSBC Investment Banking. 30-Jan-1996 The Royal Bank of Scotland has denied it has been discussing a potential takeover by HSBC Holdings. 16-Dec-1995 HSBC Asset Management is to stop initial charges on seven of its funds, in a further move in the unit trust price war. 02-Nov-1995 More from the Financial Services sector Related pages: Alliance & Leicester CBG Group Barclays Esure Blake Lapthorn HSBC website: www.hsbc.co.uk The information on this page comes from the UK Activity Report. 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