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'Only 21% feel millennials will have comfortable retirement'

'Only 21% feel millennials will have comfortable retirement'

Only 21 per cent felt they are in a comfortable position for retirement, says a recent report, which puts them in difficult position in comparison to their elders.

HSBC foreign accounts case: Govt raises Rs 5,419 crore tax demand

HSBC foreign accounts case: Govt raises Rs 5,419 crore tax demand

The government has raised tax demand of Rs 5,419 crore on individuals who had undisclosed offshore accounts with HSBC of which around Rs 337 crore has been recovered.

RBI penalises HSBC, Kotak over violation FEMA

RBI penalises HSBC, Kotak over violation FEMA

The Reserve Bank of India (RBI) on Wednesday imposed monetary penalty on the Hongkong and Shanghai Banking Corporation Ltd. and the Kotak Mahindra Bank for violation of instructions on reporting requirements of FEMA 1999.

Probe into Indians named by HSBC, Leichstenstein complete: Govt

Probe into Indians named by HSBC, Leichstenstein complete: Govt

The government has completed investigation against persons named in HSBC and Liechtenstein banks for black money stashed abroad and made an assessment totalling around Rs 15,000 crore in the two cases.

Google apologises to ad clients for YouTube content fiasco

Google apologises to ad clients for YouTube content fiasco

Google apologised on Monday for allowing ads to appear alongside offensive videos on YouTube as more high-profile firms such as Marks & Spencer and HSBC pulled advertising for British markets from Google sites.

HSBC's India headcount rises by 4,000 despite global drop

HSBC's India headcount rises by 4,000 despite global drop

UK-based banking major HSBC saw its India headcount rise by 4,000 people to reach 37,000 last year even as its worldwide workforce got trimmed by nearly 23,000 persons.

 HSBC discloses tax evasion probes in India, other countries

HSBC discloses tax evasion probes in India, other countries

Global banking giant HSBC has disclosed being probed by tax authorities in India and several other countries, including against its Swiss and Dubai units, for allegedly abetting tax evasion of four Indians and their families.

HSBC warns of risks to world economic growth as profit dives

In the most recent quarter, HSBC's net loss widened to USD 4.2 billion from USD 1.3 billion in the same period the previous year.

HSBC, UBS stop issuing P-Notes as India steps up clampdown

HSBC, UBS stop issuing P-Notes as India steps up clampdown

A number of foreign investors including HSBC and UBS have stopped issuing controversy-ridden P-Notes as regulatory and enforcement agencies step up their clampdown on misuse of this once-popular instrument among foreigners to invest in Indian markets.

Sebi settles Adani Exports scrip case with 5 persons

Sebi settles Adani Exports scrip case with 5 persons

Markets regulator Sebi has settled a case with five individuals of erstwhile Investmart India Ltd regarding alleged manipulation in the scrip of Adani Exports more than 16 years ago.

HSBC, ICIJ list: I-T dept detects Rs 16,200 crore black money

HSBC, ICIJ list: I-T dept detects Rs 16,200 crore black money

Over Rs 16,200 crore in black money has been detected by the government after investigations on global leaks about Indians stashing funds abroad, Parliament was informed Tuesday.

GST, demonetisation to push Sensex to 30,500 by year-end: HSBC

GST, demonetisation to push Sensex to 30,500 by year-end: HSBC

The benchmark BSE Sensex could hit 30,500 level by year-end, said global financial services major HSBC on Wednesday, expressing confidence in the Modi government's structural reforms.

EU fines HSBC, JP Morgan and Credit Agricole $520 million over interest rate rigging

EU fines HSBC, JP Morgan and Credit Agricole $520 million over interest rate rigging

The EU's top anti-trust regulator on Wednesday slapped fines on banks HSBC, JP Morgan and Credit Agricole for rigging the Euribor interest rate benchmark used for a wide range of financial instruments.

HSBC launches its Unified Payments Interface for corporates in India

Foreign lender HSBC on Monday launched its Unified Payments Interface (UPI) for corporates in the country.

Citi and JPMorgan top list of globally systemic banks, replaces HSBC

Citi and JPMorgan top list of globally systemic banks, replaces HSBC

Citi has joined JPMorgan at the top of global regulators` list of systemically important banks, replacing HSBC and meaning the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability.

HSBC should stand trial in tax fraud case, says French prosecutor

A French prosecutor has called for British banking giant HSBC to stand trial for enabling French clients to hide at least 1.67 billion euros ($1.84 billion) from the taxman, a source close to the probe said Thursday.

HSBC should stand trial in tax fraud case: French prosecutor

HSBC should stand trial in tax fraud case: French prosecutor

If the case goes to trial, HSBC would face charges that its Swiss unit HSBC Private Banking offered its customers several ways of hiding assets from the French taxman, notably via the use of offshore tax havens.

HSBC sees inflation below RBI's 2017 target, room for rate cut

HSBC sees inflation below RBI's 2017 target, room for rate cut

Inflation is likely to remain below the Reserve Bank's early 2017 target of 5 percent for the next 12 months, opening up space for monetary easing, says an HSBC report.

HSBC sees room for 0.50% rate cut this fiscal

HSBC sees room for 0.50% rate cut this fiscal

 RBI is expected to go for a 50 basis points rate cut over the remaining months of the fiscal as inflationary pressure is expected to stay contained thanks to good monsoon and falling vegetable prices, says a report.

HSBC, BofA apply blockchain to trade finance, seek more partners

HSBC and Bank of America Merrill Lynch said on Wednesday they had created the world`s first application using blockchain technology to simplify one of the most cumbersome aspects of trade finance.