If the June 30 labor strike in England adheres to recent trends, UK police should be preparing for the worst.
The new chief of Santander UK and her family are facing a tax evasion charges by a Spanish court.
The China units of HSBC Holdings and Citigroup Inc have won initial approval to underwrite corporate debt in China, paving the way for them to be the first foreign banks to win the coveted licenses, sources told Reuters on Thursday.
HSBC Holdings will run down its $33 billion U.S. credit card business if it cannot find a buyer, the bank's chief executive said on Monday, part of efforts to slash costs and cut back on retail banking.
HSBC said it agreed to pay $62.5 million to settle a class action brought against it in the United States over its role in providing administrative services to a fund which placed cash with Wall Street swindler Bernard Madoff.
HSBC said it had paid $62.5 million to settle a class action brought against it in the United States over its role in providing administrative services to a fund which placed cash with Wall Street swindler Bernard Madoff.
Wholesale Gold Bullion Prices surged up by nearly $20 on Wednesday morning, reaching $1550 per ounce while stocks and commodities were flat.
HSBC <0005.HK> faced a fresh backlash from investors on Friday over high executive pay and mediocre returns, echoing the stinging attacks of a year ago that it had tried to duck by revamping its remuneration package.
HSBC Holdings Plc <0005.HK> faces scrutiny from investors over its ambitious plans to cut costs and lift waning profits, as well as a revamped pay format for managers through which it hopes to placate critics.
HSBC Holdings Plc executives faced investor anger on Friday over lackluster returns and high executive pay, prompting Chairman Douglas Flint to admit performance had been disappointing.
Some of the biggest and best-known international banks held billions of dollars Libyan state oil money.
After Chinese government tightened the monetary policy in April for four times, the manufacturing growth of the country slowed in May, while price pressures eased, according to a survey showed on Monday, Reuters reported.
HSBC Holdings Plc , Europe's biggest bank, will find most of the $3.5 billion it wants to save by trimming staff and cutting less profitable operations outside of Asia, its chief executive said on Thursday.
Thursday's London Silver Fix set the white metal's price at $32.50 per ounce, nearly $7 lower than a day earlier and 33% below the 31-year high of $48.70 set on April 28. [Silver] is still in an uptrend, despite the sharp sell-off reckons Mary Ann Bartels, head of US technical and market analysis at Bank of America Merrill Lynch, who said yesterday silver could hit $50 per ounce by the end of the year.
HSBC Holdings Plc (NYSE: HBC) said it plans to save up to £2-billion (or $3.5-billion) over the next two years. by downsizing its wealth management and retail segments
HSBC's new boss is to cut back in retail banking and may sell its U.S. credit card arm in a bid to cut $3.5 billion in costs and revive flagging profits.
HSBC is to streamline its wealth management business, retreat from retail banking in some countries and may sell its U.S. credit cards arm as new CEO Stuart Gulliver attempts to cut $3.5 billion in costs and revive flagging profits.
HSBC is to streamline its wealth management business, retreat from retail banking in some countries and may sell its U.S. credit cards arm as new CEO Stuart Gulliver attempts to cut $3.5 billion in costs and revive flagging profits.
HSBC Holdings Plc is reviewing its U.S. cards business and streamlining its wealth management and retail banking operations as it eyes savings of up to $3.5 billion, Europe's biggest bank said on Wednesday.
HSBC Holdings Plc <0005.HK>, Europe's biggest bank, is looking to slash up to $3.5 billion in costs by cutting the scale of its wealth management and retail banking businesses, it said on Wednesday.
British banks gave up a fight over compensating customers wrongly sold insurance, forcing Barclays Plc and HSBC to take a combined hit of more than $2 billion in the latest blow to the industry.
ST. LOUIS, May 5 - The Justice Department's money-laundering probe against banking giant HSBC Holdings Plc is looking at possible prosecution of individual bankers, a source close to the investigation said on Thursday.
