HSBC Holdings PLC

By Shelley Smith

I put my first HK$50,000 into HSBC Holdings shares and thousands more afterwards.

I have given my three-year-old one lot of HSBC shares, plus a teddy bear, on each of her birthdays. Like many of my peers, and many of you, I was a die-hard HSBC supporter.

I had my first outing at the "Lion Bank". A photo of me as a girl and Stein the Lion still sits in my drawer.

Dec. 17 (Bloomberg) -- Indonesia has a scandal on its hands, and it involves gross domestic product.

That won’t sound too serious to observers worried about corruption or anti-pornography laws intensifying debates about Islam’s role in public. Yet what might best be described as the “4 percent crisis” is getting breathless press coverage.

That’s the dismal rate at which many expect the economy will grow next year. What, did someone say dismal? When you look around the world, it’s hard to think of a sizeable economy that might perform at even close to 4 percent.

The Republic of the Philippines mandates three banks for a $500 million offering as the country's first public subordinated debt issue is priced.

After requesting that banks submit ideas for a new dollar bond, the Department of Treasury mandated three houses yesterday (Wednesday) for a $500 million 10-year deal. HSBC, Salomon Smith Barney and UBS Warburg won the books for an offering, which may launch as soon as today.

In the meantime, Metrobank successfully completed the Republic's first public subordinated debt transaction yesterday under the lead of UBS Warburg.

......The appeal of the consumer - even the most humble one - has grown during the current bear market, which has cut into the returns that banks earn from serving the rich and powerful.

The biggest recent wager has been placed by HSBC, which last month completed its $14bn purchase of Household International, a US consumer lender.