Citi, Deutsche Bank, HSBC agree to pay $132 million to settle Libor claims
Banks use Libor to set rates on hundreds of trillions of dollars of credit card, mortgage, student loan and other transactions, and to determine the cost of borrowing from one another.
Oct 13, 2017, 07:00 AM IST
HSBC announces profit increase, share buyback in signs of turnaround
HSBC won approval last month in China to establish an investment banking joint venture with a state-backed fund, ending a 20-month wait, making it the first such venture in China to be majority-owned by a foreign bank.
Jul 31, 2017, 12:26 PM IST
US charges two HSBC executives over forex-related scheme
A senior HSBC Holdings Plc manager has been arrested and charged alongside a former foreign exchange executive with engaging in a scheme to front-run a $3.5 billion transaction by one of the bank`s clients, US prosecutors said on Wednesday.
Jul 21, 2016, 08:54 AM IST
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.
Nov 27, 2015, 14:37 PM IST
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.
Jul 24, 2015, 09:14 AM IST
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.
Jun 02, 2015, 07:12 AM IST
'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.
Jun 02, 2015, 07:05 AM IST
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.
Jun 04, 2014, 11:06 AM IST
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.
May 15, 2014, 09:58 AM IST
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.
Apr 19, 2014, 11:47 AM IST
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.
Aug 24, 2012, 22:12 PM IST
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.
Mar 08, 2012, 00:11 AM IST
