HSBC to wind up private banking business in India
HSBC to wind up private banking business in India

Some 70 people working in the division headed by Shantanu Ambedkar will now be absorbed into the retail bank.

Lawsuit accuses 22 banks of manipulating US Treasury auctions
Lawsuit accuses 22 banks of manipulating US Treasury auctions

Primary dealers are the banks authorized to transact directly with the Federal Reserve who are big players in Treasury bond auctions and act as market makers in the secondary market.

HSBC must face US lawsuits over $34 billion mortgage debt losses

HSBC Holdings Plc was on Monday ordered to face three U.S. lawsuits accusing it of breaching its duties as a trustee overseeing residential mortgage-backed securities that suffered more than $34 billion of losses in the global financial crisis.

'HSBC set to cut thousands of jobs globally'

HSBC Holdings Plc is planning to cut thousands of jobs globally and is set to make an announcement next week, Sky News reported on Monday, citing unidentified sources.

HSBC names Haythorne, Liu as co-heads of AsiaPac banking

Haythorne and Liu will take over on Sept. 1 the role previously held by Russell Julius, who is transferring to London.

HSBC says bonus for chairman capped at 1 million pounds

HSBC said it could have awarded Flint up to 2.25 million pounds worth of shares as an annual bonus in exceptional circumstances.

Doha Bank to purchase HSBC Bank Oman business in India

Qatar-based Doha Bank has entered into an agreement with HSBC Bank Oman to purchase the latter's banking business in India.

Regulatory action may have negative implication for HSBC: S&P

The ratings agency affirmed HSBC's A+/A-1 credit rating as the banking entity allegedly failed to adhere with the US anti-money laundering standards.

HSBC to sell general insurance biz in four countries

Global financial services giant HSBC Holdings Plc Wednesday said it will sell its general insurance businesses in Hong Kong, Singapore, Mexico and Argentina for USD 914 million in two separate cash transactions with French insurer AXA Group and Australia's QBE Insurance Group.