Hsbc News
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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.
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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.”
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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.
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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.
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London -
The position of Lord Green as Minister for Trade and Investment is looking increasingly untenable. Members of the Opposition are calling for him to answer "serious questions" in the light of the latest banking scandal.
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Europe's largest bank, HSBC, faces the prospect of a billion dollar fine, as a US Senate Committee finds it had an operating culture that allowed it to launder suspected drugs and terrorism money.
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Despite posting an impressive half of year profits of 7 billion pounds, Europe's biggest bank HSBC on Monday announced a massive 30,000 job losses, the highest in the banking sector in the last two years.
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Liverpool -
As British discount department store TJ Hughes has entered administration, a large black cloud continues to hang over the British economy.
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Palm oil has turned into a lucrative agricultural product for Indonesia, but the controversial crop has meant the destruction of rainforest and the homes of Orangutans.
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Stephen Green, Chairman of one of the world's largest banking groups HSBC, has spoken of how the banking world owes what he calls the "real world" an apology.
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