HSBC was sued by Singaporean billionaire Peter Lim’s ex-wife, who claimed she suffered losses because of the bank’s negligence.
HSBC is one of the largest banking and financial services organisations in the world.
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.
HSBC and Citigroup both suspended foreign exchange traders on Friday as a global probe into possible currency market manipulation intensified.
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.
Britain's biggest banks benefited from a "too big to fail" subsidy from the taxpayer of £38bn last year, according to a leading economic thinktank which argued that they are not giving enough back to the public.
Andrew Tyrie's work is nearly done.
HSBC has played down the prospect of spinning off its UK business in a separate stock market listing in a move that would undo its takeover of Midland Bank 20 years ago.
Bloomberg’s Manus Cranny reports on JP Morgan Chase and two other banks rejecting a European Union deal to end an antitrust probe into the rigging of Euribor lending rates.
Here a a few links to some interesting Bloomberg, London Evening Standard, New York Times, New York Post and Reuters stories that are currently doing the rounds.
A great note to end the week on.
Each year thousands of graduates / MBAs find work in the financial markets. All start at (or near) the bottom of the ladder, and hope that one day they will make it big. Few do. And those who eventually achieve success usually face a relatively long wait. Not so one young man who, at 23, just might be the youngest VP ever to attain that position in a major investment bank.
Fortune magazine has partnered again with London think-tank AccountAbility and for-profit consultancy CSR Network to rank the largest global companies by the quality of their commitment to social and environmental goals. Here's the Top 20, and the rank of other firms of interest:
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.
Most firms boast about their client lists - this firm didn't. And no wonder.
HSBC has announced that Paul Thurston will retire as a Group Managing Director and Chief Executive of Retail Banking and Wealth Management (RBWM), after a distinguished 37-year career with the HSBC Group, on 31 December 2012.
Here's the 10 largest European M&A deals of the last five years. Data provided by M&A intelligence and research service mergermarket.
Even more ?