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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

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.
In the Media by Steve Hayes

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.
In the Media by Steve Hayes - 8 comments

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.
In the Media by Samuel Okocha - 4 comments

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.
In the Media by Christopher Bates

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.
In the Media by Stephanie Dearing - 4 comments

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 the Media by Chris Dade

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.
In the Media by Michael Krebs

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.
In the Media by Chris Dade

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.
In the Media by Chris V. Thangham - 1 comment

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.
In the Media by David Silverberg - 4 comments

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
In the Media by Jishpar - 1 comment

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

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