HSBC to Pay $765M in Toxic RMBS Settlement
The Department of Justice says bank employees ignored the warnings of its primary due diligence vendor about the quality of loans underlying its RMBS.
HSBC Claims Blockchain Breakthrough for Trade
The U.K. bank says a shipment of soybeans for Cargill was completed in only two days using the blockchain instead of paper-based documentation.
Banks Take on the Fintechs
Innovating on digital capabilities enables banks to create more efficient business models.
HSBC Profits Fall 29% But Stock Climbs 4.8%
Europe's largest bank soothed investors by announcing a share buyback of up to $2.5 billion in the second half of this year.
Deutsche Bank Criticized by IMF, Fed
Deutsche Bank 'is one of the most important net contributors to systemic risks in the global banking system,' the IMF said.
HSBC To Slash Up to 25,000 Jobs, Sell Units in Turkey, Brazil
Moves accompanied by plans to ratchet up presence in Asia.
HSBC Boss Sees No ‘Drastic’ Outcome for U.S. Units
CEO Stuart Gulliver says Europe's largest bank still relies heavily on its U.S. business, despite recent poor returns.
France Steps Up Probe of HSBC in Tax Evasion Case
The case, about the bank allegedly helping wealthy clients commit tax fraus, is upgraded to a formal criminal investigation.
Regulators Reject ‘Living Will’ Plans of Three Banks
BNP Paribas, HSBC, and Royal Bank of Scotland are told to resubmit their plans by the end of the year.
Can HSBC Hold Itself Together?
"We’re still on a journey to simplify the firm. I don’t rule out that we might make more disposals,” says CEO Stuart Gulliver.
Leaked Files Show HSBC Helped Clients With Tax Dodges
The Swiss private banking arm of HSBC abetted wealthy clients looking to avoid taxes on more than $100 billion, documents show.