UK recoups 135 million Pound in tax from Swiss bank list

Britain has recovered USD 231 million from clients named on a leaked list of HSBC`s private banking operation in Switzerland, the tax authority has said.

Global financial biggies catch India poll fever

These firms also include Bank of America Merrill Lynch, Nomura, Barclays, UBS, CLSA, BNP Paribas, RBS, Deutsche Bank, Credit Suisse, Morgan Stanley and JP Morgan.

Not all Indian money in Swiss banks is black

Arvind Kejriwal alleged that Rs 6,000 crore black money was parked by Indians in Swiss banks. This figures does not tally with BJP leader LK Advani`s who alleged that Rs 35 lakh crore were stashed.

IAC protest outside Ambani home fails

India Against Corruption (IAC) workers protested alleged corruption by industrialist Ambani and HSBC bank outside the Ambani residence in Cuffe Parade on Saturday.

Congress, RJD slam Kejriwal, IAC activists protest in Mumbai

Arvind Kejriwal was on Saturday accused of being interested only in defaming people and also called "mentally sick" by the Congress and the RJD, a day after the activist fired another salvo as part of his campaign against corruption.

I`m a dengue mosquito; will bite BJP, Congress: Arvind Kejriwal

The war of words between Arvind Kejriwal and Cong raged with the activist-turned-politician, saying that he was a dengue mosquito and would bite the BJP.

Why isn’t HSBC raided, asks Arvind Kejriwal

Activist-politician Arvind Kejriwal questioned the government’s intention, asking whether hawala raids were mere face savers.

Congress slams Arvind Kejriwal

Congress hit out at activist Arvind Kejriwal for levelling charges of financial wrongdoing against people through media.

Arvind Kejriwal’s next target will be judiciary

Activist-turned-politician Arvind Kejriwal said that India Against Corruption would now target the judiciary, after taking on politicians and businessmen.

Reveal American tax dodgers in India: US to HSBC

The US government has sought permission from a federal court to ask for information from HSBC about Americans who may be hiding money in offshore accounts in India to dodge taxes.

No immediate pressure on interest rates: HSBC

HSBC has said there`s no immediate pressure on lending rates even if Reserve Bank squeezes money supply to contain inflationary expectations.

RBI may hike CRR by 0.5 per cent in January policy: HSBC

The RBI is likely to hike its cash reserve ratio, the amount banks have to park with the central bank, by 0.5 per cent later this month and may start increasing policy rates from March, HSBC said on Wednesday.

HSBC says profits `significantly` up on last year

HSBC, Europe`s biggest bank, said on Tuesday that pre-tax profits during the third quarter were "significantly ahead" compared with the equivalent period a year earlier.

HSBC Global acquires 0.68% stake in L&T for Rs 628.72 cr

Foreign fund HSBC Global Investment
Funds, Mauritius has acquired 0.68 per cent stake in engineering major, Larsen and Toubro, after buying shares worth Rs 628.72 crore, through an open market transaction.

HSBC sees India GDP growth at 6.2% in FY10, inflation at 8%

Global banking major, HSBC has
retained its India GDP growth forecast of 6.2 per cent in FY10
but hiked the outlook for next fiscal by 0.5 per cent to 8.5
per cent given the economic recovery.

HSBC launches new service for Indians in Australia

HSBC Bank Australia is setting up a dedicated team to provide global financial services to the Indian diaspora in the country, a bank official said.

Indian economy needs stimulus package to continue: HSBC CEO

Indian economy needs the stimulus
package to continue and the Reserve Bank might not reverse its
expansionary monetary policy, which is to be reviewed by the
RBI tomorrow, HSBC India CEO Naina Lal Kidwai said.

HSBC India expects GDP to grow by 8 pc in FY 11

HSBC India has forecast the
country`s GDP to grow by 8 per cent next year against the
estimated GDP growth of 6.5 per cent in the current year, a
top bank official said here.

HSBC, others resume talks for RBS Asia units

HSBC has resumed talks with Royal Bank of Scotland over the sale of the remaining retail and commercial units that the bailed out UK bank owns in Asia, sources familiar with the matter said on Thursday.

HSBC in talks to buy RBS Asia assets including in India:Report

Financial services major HSBC Holdings Plc is in advanced talks to acquire the retail and commercial banking assets of Royal Bank of Scotland (RBS) in India, China and Malaysia, says a media report.