As the fruition of months of planning and years of animosity, China and Taiwan formalizes the two way cross border transaction system for companies trading in the yuan.
Tags: HSBC
Banks expecting ECB rate cut
More than seven banks are changing projecting that the European Central Bank would cut its interest rates after its meeting this November.
HSBC's USD2.46 billion judgment just tip of iceberg
As ordered by US District Judge Ronald Guzman, HSBC and individual plaintiffs would go into the process of evidentiary discovery.
HSBC's loss may increase over time
Due to the statement by US District Court Judge Ronald A. Guzman, the USD2.46 billion judgment payment charged to HSBC Holdings for improprieties of its unit International Household, may increase due to interest on amounts due.
HSBC unit slapped with record USD2.46 billion final judgment
A decision by US Judge Ronald Guzman put HSBC's Household International Inc liable to pay USD2.46 billion as settlement for misleading its investors.
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HSBC Holdings had appointed former Marks & Spencer CEO Stuart Rose for an advisory role in the company.
Europe's biggest bank, HSBC Holdings Plc, said it had appointed Florian Fautz to be its global head for mergers and acquisitions.
SABB, which is partially owned by HSBC, has been busy preparing for a sukuk bond issue by year's end.
A private survey revealed that China's PMI for the services sector showed signs of growth. The HSBC/Markit Purchasing Managers' Index (PMI) survey for the services sector in China showed signs of improvement.
HSBC's stock falls as it advises diplomatic missions to close their accounts with their bank. HSBC had reported lower than expected earnings last Monday.
HSBC Leveraged Finance shelled out GBP 19.5 million to invest in Trustmarque Solutions. HSBC Leveraged Finance announced it has completed its refinancing deal of Trustmarque Solutions amounting to GBP 19.
Investors kept their money in US Treasuries after the steepest two month loss for securities. A total market value of US$317 billion was erased after the steepest two month loss for securities.
Banks, Markit, and ISDA were charged with cutting off two credit derivatives transactions by the EU.
The Chinese securities regulator grants mutual fund licenses to HSBC and Citigroup. (Photo : REUTERS)Banking group HSBC has settled a case brought by a fund over losses it suffered during the collapse of fraudster Bernie Madoff's financial empire, potentially paving the way for more claims against fund custodians.
