Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

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HSBC Holdings PLC (HSBA)

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Thursday 19 August, 2004

HSBC Holdings PLC

HSBC disposal in USA

HSBC Holdings PLC
19 August 2004

                        PORTION OF HSBC'S TRUST BUSINESS
                        TO BE ACQUIRED BY ALLIANCE BANK

HSBC Bank USA, N.A. and Alliance Bank, N.A. have entered into an agreement for
Alliance Bank, a wholly-owned subsidiary of Alliance Financial Corporation, to
acquire part of HSBC Bank's personal trust business, enabling HSBC to focus on
its larger trust accounts. The consideration of US$9.5 million is subject to
adjustment based on the value of the trust assets transferred.

The acquisition, which is pending regulatory approval as well as approval by the
New York State Supreme Court, is expected to close in December 2004.

Gerard Joyce, Senior Vice President for Personal Trust at HSBC Bank USA, said:
"This sale reflects a repositioning of our trust business to target other
segments of the market. Alliance's interest in expanding its trust business
coincided with our desire to redefine our strategy to focus on our larger trust

"We know that our clients will continue to be well served by Alliance and, since
they will be opening an office in Buffalo, our trust administration employees
will be able to continue to do the work they enjoy in the community they love."

Alliance Financial Corporation Chairman, President and Chief Executive Officer
and bank President and CEO Jack H Webb, said: "We are delighted to have the
opportunity to acquire a business firmly rooted in upstate New York, where we
have been growing our presence."

Sandler O'Neill & Partners, L.P. represented Alliance Bank and Berkshire Capital
Corporation represented HSBC in the transaction.

Notes to editors:
1. Alliance Bank
Alliance Bank, N.A. is a nearly US$860 million bank, headquartered in Syracuse,
New York with 20 branches in central New York State.

2. The HSBC Group
HSBC Bank USA, N.A., with its main office in Delaware, has nearly 400 branches
in New York State, as well as 11 branches in Florida, six in California, and one
branch each in Pennsylvania, Washington, Oregon and Panama.

HSBC Bank USA is a wholly-owned subsidiary of HSBC Holdings plc, and a member of
the HSBC Group. Serving over 110 million customers worldwide, the HSBC Group has
approximately 10,000 offices in 76 countries and territories in Europe, the
Asia-Pacific region, the Americas, the Middle East and Africa. With assets of
US$1,154 billion at 30 June 2004, HSBC is one of the world's largest banking and
financial services organisations. HSBC is marketed worldwide as 'the world's
local bank'.

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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