Deutsche Bank shares have recovered some ground after hitting 30-year lows. But concern about the health of Europe’s banks is growing.
In a lawsuit filed Tuesday, families of U.S. citizens killed by Mexican drug gangs alleged that the bank let cartels launder billions of dollars to operate their businesses.
Europe’s largest lender has targeted annual cost savings of as much as $5 billion by 2017.
The British bank has been ordered to disclose a report detailing why it has been slow to comply with laws against money laundering.
The world’s fourth-largest bank by assets announced last April that it was reviewing its headquarters — currently in London.
Cybercrime is now the No. 1 risk for bankers, according to a new survey, with many respondents saying they were powerless against the onslaught of attacks.
Hervé Falciani, a former HSBC employee who leaked the information of over 130,000 clients, has been sentenced to five years in prison.
Europe's Financial Stability Board has recommended that the world's largest banks create financial buffers to save taxpayers from paying for expensive bailouts in the future.
Apple Pay customers in the U.K. can potentially be left on the hook for fraudulent transactions if they share their sensor with a spouse or partner.
The bank earned $6.1 billion in pre-tax profits in the third quarter, nearly 18 percent over analysts' estimates.
Banco Bradesco is expected to announce its acquisition of HSBC's Brazil unit on Monday.
U.S. officials are investigating banks for alleged money laundering related to a FIFA bribery scandal.
The move is likely to target mid-level and back-end staff to achieve maximum savings, according to reports.
Hillary Clinton assails financial executives who break the law, even though her family has accepted money from banks that admitted wrongdoing.
The former secretary of state gave a speech on Monday in New York that outlined a progressive economic agenda.
The bank described the seven-second video, which showed some employees pretending to execute a man in an orange jumpsuit, as "abhorrent."
Standard & Poor's downgraded several U.K. and German banks, saying it considers government support for these banks to be uncertain.
The move will reduce staff strength at Europe's biggest bank by at least 22,000, and is part of a broader cost-cutting process.
CEO Stuart Gulliver is due to outline on Tuesday his second major strategic plan since taking over at the start of 2011.
An estimated 10,000 to 20,000 jobs will be axed, Sky News said, citing unidentified sources.
The House Financial Services Committee also wants to know whether the federal government retaliated against ratings agencies for downgrading U.S. debt.
Europe's biggest bank HSBC beat forecasts with the help of a bounceback in investment banking revenues.
