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Results 1 - 10 of 12 for hsbc

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  1. Business - Banking & Finance - FINANCE

    US regulator sues 15 banks, including HSBC, for rigging Libor benchmark

    Posted Mar 16th 2014, 05:54am by AFP

    ... Agence France-Presse in New York FDIC says interest rate manipulation caused 'substantial losses' to 38 now-closed lenders US regulator sues 15 banks for Libor rigging The US Federal Deposit Insurance Corporation (FDIC) has sued HSBC, Citigroup, Deutsche Bank and 12 other big global banks for manipulating the Libor benchmark interest rate. The manipulation caused ...

    http://www.scmp.com/business/banking-finance/article/1449580/us-regulator-sues-15-banks-including-hsbc-rigging-libor
  2. Business - Banking & Finance - FINANCE

    Beijing to back United States over new Fatca law against tax evasion

    Posted Jun 27th 2014, 11:50pm by Toh Han Shih

    ... taxpayers, as required by Fatca, for fear of breaching mainland data privacy laws. Non-Chinese banks like HSBC and Citi had subsidiaries on the mainland which were at risk of being blacklisted ...

    http://www.scmp.com/business/banking-finance/article/1542111/beijing-back-united-states-over-new-fatca-law-against-tax
  3. News - Business - FINANCE

    HSBC cards no longer work in many overseas ATMs

    Posted May 12th 2013, 12:00am by John Carney

    ... John Carney john.carney@scmp.com Customers going abroad complain of trouble getting hold of their money and blame bank's decision to link up to a single global network HSBC ATM cards less usable overseas HSBC customers have complained the bank has made it more difficult to draw out money abroad. Many on business trips or holidays have said they were unable to get ...

    http://www.scmp.com/news/article/1235719/hsbc-cards-no-longer-work-many-overseas-atms
  4. News - Business - FINANCE

    HSBC profits take 6pc dip, but chief executive pockets HK$22m bonus

    Posted Mar 05th 2013, 12:00am by KANIS LI

    ... Kanis Li kanis.li@scmp.com US$4 billion of penalties and fines contribute to 6pc dip, but boss will pocket a 33pc pay rise and dividend for shareholders will go up 11pc HSBC chief gets HK$22m bonus as profits fall HSBC's profit before taxes fell 6 per cent last year, partly as a result of fines and penalties totalling US$4.2 billion, it was revealed yesterday. But its top ...

    http://www.scmp.com/news/article/1177467/hsbc-profits-take-6pc-dip-chief-executive-pockets-hk22m-bonus
  5. News - Business - FINANCE

    Charoen Pokphand insists it has funds to buy HSBC stake in Ping An

    Posted Jan 12th 2013, 12:00am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Thai conglomerate denies that its purchase of HSBC's stake in mainland insurer has soured, and regulators are still considering the matter C.P. says it has funds to close Ping An deal Thailand's Charoen Pokphand Group yesterday issued a statement reaffirming that it had the means to acquire HSBC's US$9.4 billion stake in Ping ...

    http://www.scmp.com/news/article/1125935/charoen-pokphand-insists-it-has-funds-buy-hsbc-stake-ping
  6. Business - Banking & Finance - FINANCE

    Offshore tax havens like Hong Kong contribute to poverty, says ActionAid

    Posted May 14th 2013, 12:00am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Charity says top UK firms, including HSBC, are helping 'siphon' funds to places like Hong Kong Offshore tax havens 'big contributor to poverty' The widespread use of offshore tax havens such as Hong Kong by nearly all 100 of the largest British-listed companies, including HSBC and Standard Chartered, may contribute to world ...

    http://www.scmp.com/business/banking-finance/article/1237109/offshore-tax-havens-hong-kong-contribute-poverty-says
  7. Business - Banking & Finance - FINANCE

    Hong Kong urged to be genuine fund management hub

    Posted Nov 12th 2013, 03:00pm by Ray Chan

    ... a cradle where capital feels very comfortable." The former HSBC Hong Kong chief executive said efforts should be made to turn a saving culture into an investment culture. Most Asian ...

    http://www.scmp.com/business/banking-finance/article/1354304/hong-kong-urged-be-genuine-fund-management-hub
  8. Business - Banking & Finance - FINANCE

    London pushes ahead with yuan ambitions

    Posted Dec 03rd 2012, 12:00am by Enoch Yiu

    ... to discuss what role London could play in offshore yuan trading. A working group formed by leading Hong Kong and British banks, including HSBC, Standard Chartered Bank, Industrial and Commercial Bank ... with yuan bond issues by HSBC and Australia and New Zealand Banking. HSBC issued two billion yuan of bonds in May. China Construction Bank is planning to issue yuan bonds as well. Boleat said ...

    http://www.scmp.com/business/banking-finance/article/1095829/london-pushes-ahead-yuan-ambitions
  9. News - Hong Kong - FINANCE

    HKMA doubles the guard against money laundering

    Posted Apr 25th 2013, 05:44pm by Enoch Yiu

    ... years," McGlynn said. Overseas regulators recently have taken a tougher stance towards banks in relation to money laundering. HSBC agreed to pay a record US$1.92 billion in fines in December ...

    http://www.scmp.com/news/hong-kong/article/1222928/hkma-beefs-anti-money-laundering-push
  10. Business - Banking & Finance - FINANCE

    London and HK push for yuan role

    Posted Sep 15th 2012, 12:00am by Enoch Yiu

    ... Wootton, Lord Mayor of the City of London. A forum formed by bankers including those from HSBC, Standard Chartered Bank, Deutsche Bank and Barclays was formed earlier this year to work out plans ... exports to China surge 20 per cent last year. Wootton said London has already had accumulated more than 109 billion yuan (HK$133 billion) in deposits while companies such as HSBC have issued dim ...

    http://www.scmp.com/business/banking-finance/article/1037232/london-and-hk-push-yuan-role

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