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Hsbc News

Deutsche Bank fails to end four U.S. lawsuits over soured mortgages

Deutsche Bank AG has failed to win the dismissal of four U.S.
In the Media by Reuters

HSBC taps ex-Homeland Security agent for anti money-laundering role

HSBC Holdings has named a former agent of the Department of Homeland Security and expert on high-risk clients to head a U.S.
In the Media by Brett Wolf (Reuters)

HSBC bank says annual net profit jumps to $16.2 bn  

London - Banking giant HSBC announced on Monday a 15.5-percent rise in annual net profit to US$16.2 billion (11.8 billion euros).The company's performance in 2013 compared with profit after tax of $14.03 billion in 2012.That was when HSBC had been hit by high f...
In the Media by AFP

HSBC cost cuts set to lift profits as CEO faces growth challenge

HSBC's <HSBA.L> profits are expected to rise by almost a fifth to $24 billion for 2013 as it benefits from a cost-cutting drive that spans managing its documents more efficiently to telling staff to...
In the Media by Steve Slater (Reuters)

HSBC to announce bonuses totaling $4 billion: report

HSBC will announce staff bonuses totaling just under 2.4 billion pounds ($4 billion) globally for 2013 and is expected to report a significant rise in pretax profit, Sky News reported on its website on Saturday without citing its sou...
In the Media by Reuters

Op-Ed: Sell these major banks involved in corruption and scandals

JPMorgan, Bank of America, HSBC Bank and Standard Chartered Bank, have been involved in both money laundering and LIBOR scandals. Should you trust management and invest in these banks?
In the Media by Monty Spivak - 1 comment

Op-Ed: HSBC criminals escape punishment in money laundering settlement

New York - While HSBC was fined $1.9 billion for money laundering activities as well as illegal transactions involving several sanctioned countries, not a single individual at the bank faced criminal charges.
In the Media by Ken Hanly - 1 comment

British bank to pay $1.9 billion in US money-laundering penalties

New York - British banking giant HSBC has said it will pay US authorities a staggering $1.92 billion in penalties to “settle allegations of money laundering.”
In the Media by Robin Okuthe

Op-Ed: The greatest failure of the DOJ

Four years have passed since we experienced the economic near-collapse of our economy, and for four years we have also witnessed complete and utter failure in the administration of justice.
In the Media by James Raider - 15 comments

HSBC's money laundering: Pressure mounts on Lord Green

London - British Minister of Trade and Investment, Lord Green, is under increasing pressure to provide a detailed account of his involvement with HSBC's money laundering activities.
In the Media by Steve Hayes
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