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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

Business

HSBC drops electoral bomb: quit EU and we may quit London

Britain’s biggest bank HSBC has waded into the UK election campaign by saying it is considering leaving London because of the economic risk of

Britain’s biggest bank HSBC has waded into the UK election campaign by saying it is considering leaving London because of the economic risk of

Business

Nina Ricci fashion and perfume heir guilty of tax fraud

The heir to the Nina Ricci perfume and fashion empire has been convicted of tax fraud. Arlette Ricci has been sentenced to a one-year jail term

The heir to the Nina Ricci perfume and fashion empire has been convicted of tax fraud. Arlette Ricci has been sentenced to a one-year jail term

News

HSBC bank executives apologise for "unacceptable events"

The CEO of scandal-hit bank HSBC has apologised for failings in the operation of its Swiss private branch that allegedly helped clients avoid tax

The CEO of scandal-hit bank HSBC has apologised for failings in the operation of its Swiss private branch that allegedly helped clients avoid tax

News

Swiss prosecutor raids HSBC office as criminal inquiry opens

The offices of HSBC in Geneva have been raided by Swiss prosecutors in a criminal inquiry into allegations of aggravated money laundering. It comes

The offices of HSBC in Geneva have been raided by Swiss prosecutors in a criminal inquiry into allegations of aggravated money laundering. It comes

Business

UBS reveals new potential tax fraud scandal

Swiss bank UBS has revealed that the authorities in the United States are investigating securities that it sold to wealthy clients which may violate

Swiss bank UBS has revealed that the authorities in the United States are investigating securities that it sold to wealthy clients which may violate

Business

HSBC posts higher profit, confirms forex trading probe

HSBC has reported a 10 percent rise in third quarter profits. Europe’s largest bank said that was due to tighter control of costs and fewer losses

HSBC has reported a 10 percent rise in third quarter profits. Europe’s largest bank said that was due to tighter control of costs and fewer losses

News

Belgium police raid homes of HSBC clients in fraud case

Police in Belgium have raided the homes of 20 HSBC clients in Brussels and Antwerp in a tax evasion probe. The bank’s Swiss department is being

Police in Belgium have raided the homes of 20 HSBC clients in Brussels and Antwerp in a tax evasion probe. The bank’s Swiss department is being

Business

HSBC hit by emerging market slowdown

Profit was up but the shares were down at HSBC. That is because Europe’s biggest bank posted slower than expected earnings growth and a twelve

Profit was up but the shares were down at HSBC. That is because Europe’s biggest bank posted slower than expected earnings growth and a twelve

Business

HSBC to lift dividend though 2012 profits dip

HSBC is to increase its dividend as strong growth in Hong Kong and other core Asian markets boosted its capital even though annual profit fell short

HSBC is to increase its dividend as strong growth in Hong Kong and other core Asian markets boosted its capital even though annual profit fell short

News

HSBC and Standard fined for sanction violations

Europe’s biggest bank, HSBC, has agreed to pay a record 1.5 billion-euro fine for failing to prevent money laundering and failing to respect

Europe’s biggest bank, HSBC, has agreed to pay a record 1.5 billion-euro fine for failing to prevent money laundering and failing to respect

News

HSBC pays record US fine for banking violations

Standard Chartered has agreed to pay millions of dollars in fines for violating US sanctions. The move will cost the British bank 327 million

Standard Chartered has agreed to pay millions of dollars in fines for violating US sanctions. The move will cost the British bank 327 million

Business

HSBC sells Chinese insurer stake

HSBC is selling its stake in China’s Ping An Insurance for 7.2 billion euros. The buyer is CP group, a conglomerate controlled by Thailand’s

HSBC is selling its stake in China’s Ping An Insurance for 7.2 billion euros. The buyer is CP group, a conglomerate controlled by Thailand’s

News

HSBC investigates loss of client data

Europe’s largest bank HSBC is looking into an alleged loss of data after a list of more than 4 thousand British clients was handed to tax authorities

Europe’s largest bank HSBC is looking into an alleged loss of data after a list of more than 4 thousand British clients was handed to tax authorities