HSBC to expand retail banking in Chinese market

Article Abstract:

HSBC Holdings PLC of the United Kingdom is to grow into China by opening retail banking interests. China is planning to open the banking market to 100 percent foreign competition by 2007. Global banking interests have been competing for market share in China with China's growing economic recovery.

United Kingdom, Economic aspects, HSBC Holdings PLC, Company overview, Industry overview

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American Express decides to remain in lower Manhattan

Article Abstract:

American Express Co. said that it will return to its previous headquarters in lower Manhattan, New York City instead of moving its offices to midtown New York City. The firm's headquarters were seriously damaged in the September 11 World Trade Center attacks.

New York, American Express Co., AXP, Manhattan, New York, New York

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Cerberus opens Hong Kong office with plans to expand into China

Article Abstract:

Cerberus Capital Management L.P. of the United States plans to grow Asia. The financial services company is opening an office in Hong Kong. Cerberus Capital Management L.P. will assist Chinese businesses in acquiring assets overseas and in the United States.

Management dynamics, Hong Kong, United States, Management, Company business management, Cerberus Capital Management L.P., Financial report, Snow, John

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