Search Results for: HSBC
HSBC settles $250 billion on blockchain
January 16th, 2019
According to a press release sent by HSBC Bank to the Financial Times and published in the newspaper on 15th of January, it settles $250 billion of Forex trades on the blockchain during 2018. HSBC, an international banking giant, uses ...
HSBC hires robots to work in a branch’s lobby
June 27th, 2018
HSBC is hiring a small army of four-foot-tall robots at its flagship branch on Fifth Avenue in downtown Manhattan. The bank has ordered seven of the humanoids, which go by the name Pepper, from Japanese group Softbank and is ...
Former HSBC Executive Found Guilty of Fraud in $3.5 Billion Currency Trade
October 24th, 2017
A U.S. jury on Monday found former HSBC executive Mark Johnson guilty of defrauding Cairn Energy (CRNZF, +0.00%) in a $3.5 billion currency trade in 2011. U.S. prosecutors have said that Mark Johnson, formerly head of HSBC’s global foreign ...
HSBC reports Interim Results 2017
July 31st, 2017
HSBC Holdings plc has issued today a press release to publish results for the first half of 2017. The highlights according the press release are: Strategic execution Delivered growth from our international network with a 7% increase in revenue ...
HSBC Predict Pound to Euro Exchange Rate at 1:1
July 4th, 2017
HSBC Predict Pound to Euro Exchange Rate at 1:1, say Bank of England Rate Rise Would Actually be Bad for Sterling Markets have got it all wrong – a Bank of England interest rate rise will not in fact ...
HSBC faces fresh legal battle over forex manipulation allegation
June 7th, 2017
HSBC is facing a fresh law suit over allegations of forex manipulation. The bank’s traders are being accused of manipulating the markets for their own profit more than a decade ago, according to the Financial Times. ECU Group, a ...
SFC bans former account executive of HSBC Broking Securities (Asia)
March 20th, 2017
The Securities and Futures Commission (SFC) has banned Mr Philip Leung Ming Yin, a former account executive of HSBC Broking Securities (Asia) Limited (HSBC Securities), from re-entering the industry for six months from 17 March 2017 to 16 September ...
British HSBC chief faces probe into tax affairs
March 17th, 2017
The boss of Britain’s biggest bank is facing a probe over his tax affairs after insisting his main home is in Hong Kong. HSBC chief exec Stuart Gulliver, 58, is fighting HMRC’s bid to claw back cash despite working ...
HSBC appoints Group Chairman
March 13th, 2017
HSBC appoints Mark Tucker to succeed Douglas Flint as Group Chairman HSBC Holdings plc announces the appointment of Mark Tucker as a director and Group Chairman Designate from 1 September 2017. Mr. Tucker will take over as non-executive Group ...
HSBC announced 2016 Results; $1.0bn share buy-back
February 21st, 2017
Strategic execution Completed a $2.5bn share buy-back following the sale of the Brazil business Further reduced our risk-weighted assets (‘RWAs’) during 2016 by $143bn as a result of extensive management actions, including the sale of operations in Brazil Generated ...
