fyi, HSBC = The Hongkong and Shanghai Banking Corporation, http://en.wikipedia.org/wiki/Hongkong_and_Shanghai_Banking_Corporation
*Nasty... apa semua bank US/EU mau di caplok sama China/ME? Lagi musim hostile take over nih, Kek BUMI vs Herald. Cmon guys, this kinda thing becoming too obvious lately.... * Regards, DE http://www.reuters.com/article/GCA-GC08SocGen/idUSPAC00922120080206 Société Générale shares rise on takeover talk Reuters Wednesday, February 6, 2008 *PARIS:* Shares of Société Générale rose more then 6 percent as traders cited renewed market talk that HSBC Holdings could make a bid for the French bank, which is reeling from a trading scandal. "We never comment on market rumour or speculation," a spokesman for HSBC said. At midday in Paris, the shares were up 4.91, or 6.2 percent, at 84.11. The bank has a market value of 39.3 billion, or $57.5 billion. HSBC shares in London slipped 9 pence, or 1.2 percent, to £7.50, or $14.73. Société Générale has been the subject of speculation of a bid mainly from its French rival BNP Paribas, but HSBC was one of the European banks reported by analysts to be a potential suitor last week. The French government has said that it will oppose any hostile offer for the bank, and that it would prefer a French takeover if one is necessary to help Société Générale overcome its problems. The bank has said it lost 4.9 billion as a result of unauthorized trading by an arbitrageur, Jérôme Kerviel.
