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Business

HSBC to buy back shares amid profit slump

HSBC.,Europe's biggest bank, just reported a 29 percent drop in pretax profits for the first half of 2016 and will buy back $2.5 billion worth of shares.

HSBC.,Europe's biggest bank, just reported a 29 percent drop in pretax profits for the first half of 2016 and will buy back $2.5 billion worth of shares.

Business

HSBC post unexpected quarterly loss, confirms 'princeling' probe

HSBC confirms it's part of US regulators probe into hiring of people tied to Asian government officials, announces lower than expected profit, warns of "bumpier financial environment" from China slowd

HSBC confirms it's part of US regulators probe into hiring of people tied to Asian government officials, announces lower than expected profit, warns of "bumpier financial environment" from China slowd

Business

Financial world ponders impact of a 'Brexit'

As Britain's future membership of the European Union hangs in the balance the financial world is looking on nervously with banking and business leaders concerned about the impact a 'Brexit'.

As Britain's future membership of the European Union hangs in the balance the financial world is looking on nervously with banking and business leaders concerned about the impact a 'Brexit'.

Business

London beats Hong Kong to keep HSBC headquarters

HSBC has decided to keep its headquarters in Britain. The unanimous decision by the board of Europe's biggest bank rejected the idea of shifting to Hong Kong.

HSBC has decided to keep its headquarters in Britain. The unanimous decision by the board of Europe's biggest bank rejected the idea of shifting to Hong Kong.

Business

HSBC freezes salaries and hiring

Europe's largest lender, HSBC, has confirmed it is imposing a hiring and pay freeze across the bank globally in 2016.

Europe's largest lender, HSBC, has confirmed it is imposing a hiring and pay freeze across the bank globally in 2016.

News

Switzerland: HSBC whistleblower jailed for five years

A former HSBC bank employee, who leaked information on clients and their tax situation, has been jailed for five years. Herve Falciani, who worked

A former HSBC bank employee, who leaked information on clients and their tax situation, has been jailed for five years. Herve Falciani, who worked

Business

HSBC quarterly profits exceed expectations

Europe’s biggest bank HSBC has seen profits jump by a third in the third quarter, to $6.1 billion (5.5 billion euros). The results, which exceeded

Europe’s biggest bank HSBC has seen profits jump by a third in the third quarter, to $6.1 billion (5.5 billion euros). The results, which exceeded

Business

HSBC in first half pretax profit boost

HSBC has beaten expectations with a 10 percent rise in first-half profit. The unexpected jump has been driven by a strong performance in Hong

HSBC has beaten expectations with a 10 percent rise in first-half profit. The unexpected jump has been driven by a strong performance in Hong

News

Gulliver's travails at HSBC mean more job cuts

Britain’s biggest bank and Europe’s biggest lender HSBC is to slash nearly 50,000 jobs from its global workforce as the bank strives to cut costs in

Britain’s biggest bank and Europe’s biggest lender HSBC is to slash nearly 50,000 jobs from its global workforce as the bank strives to cut costs in

News

HSBC to pay 38 million euros to settle Swiss money-laundering probe

HSBC has agreed to pay Geneva authorities some 38 million euros to settle a money laundering investigation at its Swiss private bank, Geneva’s

HSBC has agreed to pay Geneva authorities some 38 million euros to settle a money laundering investigation at its Swiss private bank, Geneva’s

Business

Up to 20,000 jobs to be cut at struggling HSBC - report

HSBC is planning to announce a huge swathe of job cuts next week, according to a report by UK broadcaster Sky News, which cited unidentified people

HSBC is planning to announce a huge swathe of job cuts next week, according to a report by UK broadcaster Sky News, which cited unidentified people