The London gold fix, the benchmark used by miners, jewellers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say.
HSBC is one of the largest banking and financial services organisations in the world.
'We don't want to do this at all....Sadly because of the EU directive we've had to change'.
"Dear shareholder, this new EU law capping bonuses is silly so we've decided to exploit the enormous and very obvious loophole. Stuff Brussels: we're not paying ourselves less. Your co-operation in this matter is greatly appreciated."
Shares in HSBC fell over 5 percent on Monday as pretax profit disappointed for full-year 2013, coming in at $22.6 billion.
HSBC will join the ranks of British banks awarding significant bonuses for 2013 when it unveils a discretionary pay pool of more than £2bn for its staff around the world on Monday.
The bosses of Britain's biggest banks are on course to be awarded millions of pounds in share payments to circumvent a Brussels-imposed bonus cap – a move that risks inflaming the toxic row over City pay deals.
HSBC was sued by Singaporean billionaire Peter Lim’s ex-wife, who claimed she suffered losses because of the bank’s negligence.
Bloomberg News reports that Yunho Song, who oversees Bank of America Corp.’s rates and currencies business in Europe, has stepped down from his role, said a person briefed on the matter.
Shares of U.K. bank HSBC briefly surged 9.8 percent in morning trade on Thursday, with market watchers blaming a trading error for the move.
Former Goldman Sachs Vice Chairman Robert Kaplan on HSBC tightening its rules for cash withdrawals.
Here's the results for the Here Is The City Deep Blue Associates-sponsored '2008 Best Chief Technology Officer / Chief Information Officer Poll'.
Here's the latest on the 'Movers & Shakers' front.
A former IT analyst from banking group HSBC who provided prosecutors with data on thousands of accounts said in an interview he hoped a Franco-Spanish tax avoidance probe would widen to other countries.
Ever thought what it would be like to take part in a penalty shoot-out, and face off against soccer legends like Neville Southall (ex-Everton) and Hans Segers (ex-Wimbledon, and the coach to England goalkeeper Nigel Robinson) ? Well, 40 chancers now have a chance to show what they can do from the spot.
Here's the list:
Marc Moses has been appointed an executive director of HSBC Holdings plc with effect from 1 January 2014. He will continue to be a member of the Group Management Board.
Britain's biggest bank, HSBC, is preparing to hand out multimillion-pound share awards to 1,000 of its top staff as it attempts to bypass the new European Union rules capping bankers' bonuses.
Once modest of pay and profile, risk experts are being reborn as rock stars of the banking world - their status and salaries soaring as regulators force financial institutions to clean up.
Twenty two of the most progressive employers have been shortlisted for this year's Workingmums.co.uk Top Employer Awards.
Just what do corporate brokers do ? How do you measure what they bring to a firm ? And why are they suddenly all the rage ? Good questions - but no-one is really sure of the answers.