HSBC

HSBC Global Asset Management has made its Luxembourg-based fund range available to UK advisers via Cofunds.

HSBC has confirmed it will cut 500 UK jobs following a review of business conditions.

The chief executive of HSBC, the world's fourth-largest bank, yesterday warned that the state-sponsored bail-outs of western banks could encourage a return of reckless behaviour in the City and other financial centres, The Guardian reports.

HSBC has hired Standard Life to provide a Group SIPP for employees wanting to invest maturing HSBC Share Reward Plans into a pension.

HSBC says it has been forced to cut 1,100 jobs - about 4% of its entire workforce - as a result of the global financial turmoil.

Gordon Brown has played a pivotal role in Lloyds TSB's approach to buy HBOS, according to reports.

Property manager Guy Morrell is to run the UK and Mena multimanager business as James Hughes is relocated to Hong Kong.

HSBC Bank is to add Life Trust Insurance's Longevity Income Plan (LIP) to its investment panel.

UK banking giant HSBC has been hit with a $3.2bn write-down in Q1 this year, taking its total US sub-prime related losses to over $15bn.

HSBC recorded a 10% increase in pre-tax profit despite a $17.2bn bad debt writedown last year.