Search Results for: HSBC
HSBC Plans New Mideast Headquarters Near World’s Tallest Tower
January 18th, 2016
20-storey tower to be built in Dubai’s Emaar square by 2017 Construction to start in few days, HSBC to move staff in 2018 HSBC Holdings Plc will start building a new Middle East headquarters near the world’s tallest tower ...
HMRC admits to winding up inquiry into HSBC tax evasion claims
January 14th, 2016
Only one person was prosecuted following claims the bank turned a blind eye to illegal activities of hundreds of wealthy customers HM Revenue and Customs has wound up its inquiries into claims that hundreds of British customers used HSBC’s ...
Cypriot police quiz HSBC officials
January 12th, 2016
A police official says state prosecutors seeking to bring controversial banker Andreas Vgenopoulos to Cyprus to answer criminal charges are now chewing over their next move after questioning several officials of HSBC in London. CID investigators had flown to ...
HSBC escapes action by City regulator following Swiss tax scandal
January 5th, 2016
Financial Conduct Authority will take no action against bank whose Swiss arm helped clients to evade tax. HSBC will not face formal action from the City regulator following revelations that the Swiss arm of Britain’s biggest bank helped clients to ...
Commerzbank sues BNY Mellon, Wells Fargo, HSBC over mortgage losses
December 28th, 2015
Commerzbank AG has sued four banks in the United States, claiming that they failed to properly monitor billions of dollars in toxic mortgage-backed securities acquired by the German lender before the 2008 financial crisis. Bank of New York Mellon ...
FCA set to investigate HSBC amid claims of ‘improper practices’
December 10th, 2015
Complaints commissioner forces inquiry at regulator, accusing it of mishandling reports of credit card overcharging The City regulator is set to launch an investigation into whether large numbers of people lost out financially because of “improper practices” at HSBC, after ...
HSBC looks to global loan book to boost profits
December 8th, 2015
HSBC is looking to boost investment banking profits by packaging more of its loans into bonds and selling them to investors in the United States. Post-crisis regulations have made it more expensive for banks to retain loans on their ...
RBS,HSBC, Barlcays and StanChart announced their stress test results
December 1st, 2015
The Royal Bank of Scotland Group plc, HSBC Holdings plc, Barclays PLC and Standard Chartered PLC have issued press releases to announce their results in relation with the 2015 Bank of England stress test. Royal Bank of Scotland Group ...
Gold prices set to recover from 5-yr lows in 2016 – HSBC
November 26th, 2015
Gold will finally bounce back in 2016 after repeatedly hitting five-year lows in recent months, HSBC said in a report on Wednesday. The bank sees gold averaging $1,160 this year, $1,205 next year, $1,300 in 2017 and $1,325 over ...
HSBC cuts UAE retail, commercial bank jobs
November 23rd, 2015
HSBC has cut jobs in its retail and commercial banking units in the United Arab Emirates (UAE) as the bank prepares for lower growth in the Gulf Arab state next year, a source familiar with the matter said on ...
