Search Results for: HSBC
Citigroup, HSBC Among Banks Named in Brazil Currency Probe
July 3rd, 2015
Citigroup Inc., Morgan Stanley, HSBC Holdings Plc and 12 other banks are being investigated for currency manipulation by Brazil’s antitrust agency after similar probes in the U.S. and Europe led to penalties of more than $10 billion. Cade, as ...
HSBC Said to Get Turkey Unit Bids as Citi Hired for Sale
July 2nd, 2015
HSBC Holdings Plc shortlisted three bidders for a sale of its unprofitable Turkish unit after hiring advisers from Citigroup Inc. to help drive a sale, according to three people with knowledge of the matter. ING Groep NV of the ...
HSBC dumps China PMI as Beijing tightens information flows
June 26th, 2015
For those on wanting to understand China there is one economic statistic more closely watched than any other. It’s the Flash Purchasing Managers Index – or PMI – which is released in the last week of every month. The index claims to be ...
FIFA, Iran, HSBC Top To-Do List for Swiss Prosecutor
June 18th, 2015
After winning re-election as Switzerland’s Attorney-General on Wednesday, Michael Lauber went straight back to work. Not that he had much choice with a to-do list that’s getting longer by the day. Swiss authorities last week opened a probe into ...
HSBC and JP Morgan may relocate parts of their business to Luxembourg from UK
June 16th, 2015
HSBC Holdings Plc (HSBA.L) and JPMorgan Chase & Co (JPM.N) are in talks to relocate parts of their businesses to Luxembourg from the UK as they weigh the possibility of a British exit from the European Union, the Times ...
HSBC to Sell Units in Brazil and Turkey and Shrink Investment Bank
June 9th, 2015
HSBC will take an axe to its investment bank and seek to cut up to $5 billion in costs in an effort to improve its sluggish performance, Europe’s biggest bank said on Tuesday. The announcement to the Hong Kong ...
HSBC pays out £28m over money-laundering claims
June 5th, 2015
Geneva prosecutor agrees to close investigation into HSBC in return for the financial settlement HSBC has been ordered to pay a record 40m Swiss francs (£28m) and been given a final warning by the Geneva authorities for “organisational deficiencies” which ...
HSBC Holdings plc 1Q 2015 Earnings Release
May 5th, 2015
Reported PBT up 4% in the first quarter of 2015 (‘1Q15’) at $7,059m compared with $6,785m in the same period in 2014 (‘1Q14’). Adjusted PBT up $349m or 5% in 1Q15 at $6,892m, compared with $6,543m in 1Q14, primarily ...
HSBC whistleblower claims work ‘not done yet
May 4th, 2015
Herve Falciani, a former HSBC employee who leaked information on the bank’s clients and tax situation, has told Spanish newspaper El Mundo he had knowledge of other cases and could act again, adding his “work was not done”. Mr ...
HSBC launches review into moving HQ from UK
April 24th, 2015
British bank HSBC said Friday it was looking into whether it should move its headquarters from the U.K., following regulatory changes in the banking sector. The question about where to base its headquarters was a complex one and it ...
