HSBC Holdings PLC

PricewaterhouseCoopers (Bermuda) partner Scott Watson-Brown met with Bernard Madoff in December 2004 — and the report that he and a US colleague produced from their conversation with the fraudster has now resulted in the firm being added to a class-action lawsuit brought by investors in the US. Their visit was to conduct due diligence for at least nine feeder funds audited by the PwC group that, as of December 2008, had approximately $17 billion invested with Madoff. After the meeting, Mr. Watson-Brow

There is formal monitoring of all mail, faxes and e-mail (both in and out bound). Following the rule for retention and monitoring of e-mail, no outgoing e-mail for traders or any instant messaging is available. BM limited e-mail function as he feels it will be the undoing of many firms. Internet reviews and e-mail reviews are done and internal fines are in place for inappropriate Internet usage.   -Scott Watson Brown

 

A total of 75 up-and-coming entrepreneurs, students and members of the community were on show at the final presentations of Global Entrepreneurship Week (GEW). The three-and-a-half hour event, which was held at XL Corporation on Tuesday with title sponsorship from HSBC; the Youth Entrepreneurship Initiative of Bermuda (YBI), the Bermuda Small Business Development Corporation (BSBDC) and the Ministry of Energy, Telecommunications & E-Commerce, started at 5 p.m. with a welcome by YBI director, Joe Mahoney,  

Bandar Seri Begawan - HSBC is giving away 500,000 Royal Skies Miles, enough to send the lucky winners to London and return, eight times! With the latest promotion from HSBC, existing cardholders and customers applying for an HSBC credit card have more rewards lined up for them. Apply for an HSBC credit card between now till Dec 31 this year and get the annual fee waived in the first year, receive 500 Royal Skies Miles instantly and stand a chance to win 10,000 Royal Skies Miles daily when purchases are  

DETECTIVES hunting the masked men who held up a Preston bank have released images of two vehicles believed to have been involved in the raid. ad, Fulwood, and demanded cash at 4.30pm on Thursday. One struck a manager on the head before the pair fled through a back door with a substantial amount of money. They are believed to have escaped through gardens and on to Marina Drive.  

Enterprising Swallowdale Primary School pupils have come up with their own way of beating the credit crunch - by setting up their own school bank in conjunction with HSBC Bank Plc. Year 5 pupils had to apply for roles within the bank, and after successful interviews, a team of youngsters were selected to run the bank themselves. School governor Tom Netherton officially opened the bank on Monday (November 16) ready for the queue of customers. Swallowdale teacher Andrea Brown, who set up the school ba  

You may not (yet) have to stand up and sing in front of a baying audience, but landing yourself a place on a graduate training programme does appear to be getting more and more like The X Factor. Long gone are the days of turning up for an informal chat, a quick tour of the office and a handshake with your putative line manager before being shown out of the building with a "see you in the autumn". Students applying over the coming months for next year's graduate programmes can expect to have to leap a

By your final year you are likely to be busy worrying about your finals and stressing about getting a 2:1, so don't put it off. Around 80% of applications fail at the first hurdle   -Tony Taylor

 

I believe we were successful in getting a jury of amazing creative talent and innovators that are helping define the future of our industry   -Ty Montague

 

Hongkong and Shanghai Banking (SEHK: 0005 , announcements , news ) Corp, the Asia-Pacific unit of HSBC Holdings, said it had granted HK$17.9 billion to small and medium-sized enterprises from its HK$20 billion SME loan fund since December last year and was cautiously upbeat. Albert Chan, the bank's head of commercial banking, said the "worst was over for SMEs", but it was too early to say that they had completely recovered. Chan said many SMEs were still waiting for Christmas and Thanksgiving sales in

But some have begun to explore expansion opportunities   -Albert Chan

 

The downtown Bank of America branch was held up this afternoon, and the robber made off with an unknown amount of cash, city police said. A man handed a note to a teller at 2:20 p.m. indicating he was armed and saying to hand over the money, said Sgt. Terry Buchanan, a department spokesman. The thief fled the bank branch, which is located at the corner of State and Third streets, with the money.