HSBC to cut 1,149 UK jobs in new cost-cutting drive Apr 23rd, 2013 - 13:50h (CET +01.00) By Steve Slater LONDON (Reuters) - HSBC is cutting 1,149 jobs in Britain in another round of redundancies to save money and slim down Europe's biggest bank. The cuts are part of a 3-year revival plan by Chief Executive Stuart Gulliver to cut cos... [Full Article] Read @ Yahoo More about : hsbc, 1149, jobs, costcutting, drive, Top Keywords

Asia shares, commodities rattled by weaker China flash HSBC PMI Apr 23rd, 2013 - 05:00h (CET +01.00) By Chikako Mogi TOKYO (Reuters) - Asian shares and other riskier assets lost ground on Tuesday after a preliminary reading showed manufacturing growth in China slowed in April, highlighting recent market concerns about global growth prospects. The fl... [Full Article] Read @ Yahoo More about : asia, shares, commodities, rattled, weaker, china, flash, hsbc, Top Keywords

HSBC chairman warns poorer customers could lose out Apr 22nd, 2013 - 20:30h (CET +01.00) LONDON (Reuters) - HSBC's Chairman Douglas Flint has warned less well-off customers could lose access to basic financial services if lenders are overburdened by unnecessary regulation. "I do worry that we are beginning to see the industry m... [Full Article] Read @ Yahoo More about : hsbc, chairman, warns, poorer, customers, could, lose, hsbc, Top Keywords

China regulator says seeking more information on HSBC-Ping An deal Jan 10th, 2013 - 09:50h (CET +01.00) SHANGHAI (Reuters) - China's insurance regulator said on Thursday it has conducted a preliminary review of HSBC Holdings Plc's planned sale of its $9.4 billion (5.8 billion pounds) stake in Ping An Insurance to Thailand's CP Group and ... [Full Article] Read @ Yahoo More about : china, regulator, says, seeking, information, hsbcping, deal, hsbc, Top Keywords

China's insurance regulator to reject $9.4 billion HSBC deal - reports Jan 9th, 2013 - 14:20h (CET +01.00) HONG KONG (Reuters) - China's insurance regulator is expected to reject HSBC's sale of its $9.4 billion (5.8 billion pounds) stake in Ping An Insurance to Thai conglomerate CP Group, media reports said on Wednesday. The failure of the deal ... [Full Article] Read @ Yahoo More about : china's, insurance, regulator, reject, billion, hsbc, deal, reports, Top Keywords

HSBC became bank to drug cartels, pays big for lapses Dec 12th, 2012 - 04:40h (CET +01.00) (Reuters) - In February 2008, Mexican authorities told the CEO of HSBC Holdings Plc's Mexico unit that a local drug lord referred to the bank as the "place to launder money," U.S. prosecutors said on Tuesday, as they announced a record... [Full Article] Read @ Yahoo More about : hsbc, became, bank, drug, cartels, pays, lapses, reports, Top Keywords

HSBC Q3 profit dented by $800 million hit for U.S. fine Nov 5th, 2012 - 10:50h (CET +01.00) LONDON (Reuters) - HSBC Holdings took another $1.15 billion hit to cover a potential U.S. fine for lax anti-money laundering controls and UK mis-selling on Monday, eating into quarterly profits at Europe's biggest bank. HSBC's earnings were... [Full Article] Read @ Yahoo More about : hsbc, profit, dented, $800, million, fine, lapses, reports, Top Keywords

HSBC swings to victory at Hong Kong's hedge fund fight night Oct 25th, 2012 - 21:10h (CET +01.00) HONG KONG (Reuters) - Adam Gazal trained for six months to stand in the ring for six minutes of live boxing. He remembers the noise, and not much else, and said he'd like to try it again, though he realizes that the time in the gym took time awa... [Full Article] Read @ Yahoo More about : hsbc, swings, victory, hong, kong's, hedge, fund, fight, night, Top Keywords

Insight: U.S. probe of HSBC tangled up in bureaucracy, infighting Sep 26th, 2012 - 09:50h (CET +01.00) (Reuters) - In the second half of 2010, a senior federal prosecutor in West Virginia drafted an impassioned plea to his bosses in Washington to end infighting as multiple government agencies pursued a high-stakes investigation of HSBC Holdings Plc. W... [Full Article] Read @ Yahoo More about : insight, probe, hsbc, tangled, bureaucracy, infighting, fund, fight, night, Top Keywords

Bank HSBC probed for money laundering: report Aug 25th, 2012 - 19:20h (CET +01.00) US prosecutors are looking into whether British bank HSBC was involved in laundering money for Mexican drug cartels and moving cash for Saudi Arabian banks with ties to terrorists, The New York Times reported Saturday. (Source: AFP)... [Full Article] Read @ Yahoo More about : bank, hsbc, probed, money, laundering, report, fund, fight, night, Top Keywords