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HSBC evasive ongoing wholly-owned subsidiary way

Last Updated: Sunday, November 17, 2013, 23:16

Overseas lenders anyway do not wish to become a State Bank of India having a presence across the country with a large network, a top official from HSBC has said.

Global forex probe ensnares banks like Barclays, HSBC, JP Morgan and others

Last Updated: Sunday, November 10, 2013, 14:40

At least a dozen large banks from the US and Europe have come under scanner in a global regulatory probe into suspected manipulations in forex markets, with some of them being investigated for possible manoeuvring in over USD 50-billion a day rupee trade market.