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HSBC

HSBC CEO steps down 18 months after appointment

With a market value of $159 billion, the London- and Hong Kong-listed lender is worth more than Citigroup, even though its stock has fallen under Flint's tenure.

Aug 06, 2019, 10:22 AM IST

HSBC and Reliance Industries execute first of its kind blockchain trade finance transaction

The blockchain platform was integrated with the electronic bill of lading (eBL) platform to issue and manage an electronic bill of lading, a company statement said.

Nov 04, 2018, 18:05 PM IST

RBI may hike rates further to check inflation: HSBC

Earlier this month, the central bank had upped its retail inflation projection by 0.30 percent and kept the policy stance in the neutral zone, even as it hiked the key rate by 0.25 percent to 6.25 percent.

Jun 25, 2018, 15:09 PM IST

HSBC to invest $15-17 billion by 2020 as strategy pivots to growth

The update marks a definitive pivot in HSBC`s post-2008 crisis strategy, from cost-cutting and restructuring to investment and expansion as it seeks to improve returns.

Jun 11, 2018, 14:47 PM IST

IIT Kharagpur business school gets 112 campus offers

IIT Kharagpur have so far received a total of 112 offers from companies that include the likes of Wipro, HSBC, IBM and Deloitte.

Jan 09, 2018, 14:19 PM IST

Over 70% mid-market firms confident on domestic economy: HSBC

Further, it found that more than half of the MMEs in India forecast that technology investments would be a lower priority in the next three years.

Oct 03, 2017, 19:06 PM IST

US fines HSBC $175 million for lax forex oversight

In an order, the Fed also directed HSBC to improve internal oversight measures and compliance with risk management requirements in its foreign exchange trading.

Sep 30, 2017, 14:14 PM IST

HSBC's incoming chairman set to face CEO succession questions

Gulliver, who has been HSBC`s boss since 2011 and joined the bank 37 years ago, is due to step down next year.

Sep 13, 2017, 16:22 PM 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

'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.

May 14, 2017, 17:00 PM IST

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.

May 03, 2017, 21:11 PM IST

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.

Apr 27, 2017, 11:07 AM IST

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.

Mar 21, 2017, 18:21 PM IST

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.

Mar 21, 2017, 11:29 AM IST

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.

Feb 26, 2017, 18:11 PM IST

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.

Feb 26, 2017, 16:55 PM IST

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.

Feb 21, 2017, 18:12 PM IST

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.

Feb 19, 2017, 14:35 PM IST

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.

Feb 17, 2017, 20:58 PM IST

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.

Feb 07, 2017, 18:52 PM IST