HSBC

The outlook for the Japanese economy is bleaker than ever after employment, production and retail figures, all posted severe falls, says the Telegraph.

Fund houses with substantial offshore offerings are building up the profile of the portfolios in the UK retail market ahead of the IMA's introduction of offshore listings.

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.