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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.

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.

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...

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...

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...

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?

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.

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.”

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.

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.

British minister's position under threat

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.

The plight of money-laundering banks

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.

HSBC announces 30,000 job cuts

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.

UK retailer TJ Hughes enters administration, 4,000 jobs at risk

Liverpool - As British discount department store TJ Hughes has entered administration, a large black cloud continues to hang over the British economy.

Nestle agrees with Greenpeace on palm oil, drops key supplier

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.

HSBC Chairman Speaks of Banks Owing 'Real World' an Apology

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.

In a difficult advertising climate, one Conde Nast title scores

The advertising environment among print publications is particularly brutal - but as Conde Nast announced closures of four titles, one of the company's magazines proved that it can score big.

HSBC and Barclays Announce Billions of Dollars in Profit

Two of the world's largest companies and providers of financial services have this morning announced that they each made large profits during the first 6 months of the year.

Google and HSBC plan to provide cheap internet satellite access for Africa

Google and HSBC bank are planning to provide high-speed, cheap Internet access in Africa via satellites. This service will complement existing services and boost Internet access to millions of Africans.

Study: Customers at Bank of America, HSBC Most Prone to Identity Theft

Customers at Bank of America and HSBC are at the greatest risk of identity theft, according to an eye-opening report. Analyzing identity theft complaints in 2006, a Berkeley researcher also found that ING is the safest U.S. bank.

HSBC, Europe's biggest bank, has reported a 5% rise in profits to a record $22.08bn

HSBC chairman Stephen Green said the growth in profits in the face of the US situation was "a testament to the strength and diversity" of the bank
 

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Lord Green  UK Minister of State for Trade and Investment
Lord Green, UK Minister of State for Trade and Investment
UK Department for Business, Innovation and Skills.
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