HSBC

HSBC Reports Sharp Drop in Profit in Q1 2016

HSBC has posted a 14% drop in profits for Q1 of 2016 following "extreme levels of volatility" in financial markets…

9 years ago

Panama Papers: Banking Giants Deny Helping Clients to Avoid Taxes

The leaked Panama Papers have revealed that international banking giants are helping clients to avoid tax by using complicated offshore…

9 years ago

HSBC Closes Private Banking Bussiness in India

Swiss bank HSBC has decided to close its private banking unit in India, where the increasing number of wealthy individuals…

9 years ago

Herve Falciani: HSBC Tax Leaker Gets Five-Year Sentence in Absentia

Former HSBC employee Herve Falciani has been convicted of economic espionage and sentenced to five years in jail in absentia,…

9 years ago

HSBC to Cut 8,000 Jobs in UK, Sell off Turkey and Brazil Operations

British bank HSBC is planning to cut 8,000 jobs in the UK as it tries to reduce costs and simplify…

9 years ago

HSBC reports 17% drop in profit for 2014

HSBC has reported a 17% drop in profit to $18.7 billion for 2014. The bank has said 2014 was a…

10 years ago

HSBC Geneva raided by Swiss police for alleged money laundering

Offices of the Geneva subsidiary of HSBC bank are being raided by Swiss police in an inquiry into alleged money-laundering.…

10 years ago

HSBC helped wealthy clients across world evade hundreds of millions of dollars

According to new reports, HSBC helped wealthy clients across the world evade hundreds of millions of dollars worth of tax.…

10 years ago

HSBC accused of tax fraud in Belgium

HSBC Private Bank's Brussels branch is being accused of helping wealthy Belgians to avoid taxes. Belgian prosecutors allege that hundreds…

10 years ago

US Federal Deposit Insurance Corporation sues 16 banks for LIBOR manipulation

The US Federal Deposit Insurance Corporation (FDIC) has sued 16 banks for allegedly manipulating the London interbank offered rate (LIBOR).…

11 years ago

HSBC announces 30% profit rise in Q3 2013

HSBC has announced a 30% profit rise in Q3 2013, boosted by a strong performance in the UK and Hong…

11 years ago

HSBC faces fresh accusations of money laundering in Argentina

HSBC, which was hit with a $1.9 billion US fine for money laundering last year, is facing fresh accusations of…

12 years ago

HSBC to pay $1.9 billion fine for money laundering

HSBC is to pay US authorities $1.9 billion in a settlement over money laundering, the largest paid in such a…

12 years ago

HSBC allowed drug money laundering, says US Senate report

A US Senate probe has disclosed how lax controls at HSBC, Europe's largest bank, left it vulnerable to being used…

12 years ago