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Results 1 - 10 of 245 for tax havens

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  1. Business - Banking & Finance - BANKING

    HSBC pledges tax haven cutback at annual meeting

    Posted May 25th 2013, 12:00am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Chairman tells angry shareholders bank will improve compliance, sees great opportunities in increasingly internationalised yuan HSBC pledges tax haven cutback Follow @SCMP_News HSBC pledged to cut its activities in tax havens and further tighten compliance procedures, under a barrage of complaints about past misdeeds from shareholders ...

    http://www.scmp.com/business/banking-finance/article/1245482/hsbc-pledges-tax-haven-cutback-annual-meeting
  2. 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
  3. Business - Banking & Finance - BANKING

    HSBC asset sale to LGT will halve countries served by its private bank

    Posted Jun 25th 2014, 02:37am by Reuters

    ... to Liechtenstein's biggest bank LGT Group Foundation. Wealth management can be an extremely high return business, but a clampdown on tax evasion and tougher compliance rules across banking have put intense ...

    http://www.scmp.com/business/banking-finance/article/1539895/hsbc-asset-sale-lgt-will-halve-countries-served-its-private
  4. Business - Banking & Finance - BANKING

    British tax authorities investigate list of HSBC accounts in Jersey

    Posted Nov 10th 2012, 12:00am by BLOOM

    ... terrorists and drug cartels access to the US financial system. Britain probes accounts on HSBC tax haven list ... British tax authorities are investigating a list of more than 4,000 British residents who have bank accounts with HSBC Holdings, the country's biggest lender, in the offshore tax ...

    http://www.scmp.com/business/banking-finance/article/1078994/british-tax-authorities-investigate-list-hsbc-accounts
  5. Business - Banking & Finance - EARNINGS

    Tough road ahead for HSBC as first quarter 2014 profits down 20pc

    Posted May 08th 2014, 01:15am by Jeanny Yu

    ... for the drag on growth during a conference call after HSBC revealed a 20 per cent year-on-year fall in profit for the first quarter. Pre-tax profit was US$6.79 billion, in line with the US$6.75 billion ...

    http://www.scmp.com/business/banking-finance/article/1506941/tough-road-ahead-hsbc-first-quarter-2014-profits-down-20pc
  6. Business - Banking & Finance - BANKING

    19pc growth in HSBC pre-tax profit estimated as impairments stabilise

    Posted Feb 20th 2014, 10:44am by KANIS LI

    ... HSBC's North American operations and better cost control are likely to have boosted the banking giant's pre-tax profit by 19 per cent last year, analysts estimate. They are tipping, ... HSBC's pre-tax profit grew 15 per cent year on year to US$18.6 billion, with revenue down 3.9 per cent, continuing a decline in growth momentum that began in 2008. Potential positive news from ...

    http://www.scmp.com/business/banking-finance/article/1431570/19pc-growth-hsbc-pre-tax-profit-estimated-impairments
  7. HSBC drawn into US tax hunt in India

    Posted Apr 09th 2011, 12:00am

    ... to catch tax cheats who have stashed money illegally in Asia, or offshore havens worldwide. In February, two of HSBC's American clients, a father and son team of Miami property developers, got ... Naomi Rovnick The United States government has taken steps towards investigating HSBC for potentially enabling tax evasion. The Department of Justice has demanded the bank reveal names ...

    http://www.scmp.com/article/964572/hsbc-drawn-us-tax-hunt-india
  8. Business - Banking & Finance - BANKING

    HSBC targets higher lending margins

    Posted Mar 10th 2014, 05:59am by KANIS LI

    ... the London-based banking giant that reported sluggish growth last year, relies on Hong Kong to drive its earnings. The pre-tax profit generated by HSBC Hong Kong is larger than the profit from ... It contributed 36 per cent of the group's pre-tax profit. Fung said the Hong Kong operation would keep looking for talent to grow its business. Including the local unit, Hang Seng Bank, HSBC had ...

    http://www.scmp.com/business/banking-finance/article/1444816/hsbc-targets-higher-lending-margins
  9. Business - Banking & Finance - BANKING

    HSBC stock set to fall in Hong Kong as Q4 profit disappoints

    Posted Feb 24th 2014, 09:32pm by KANIS LI

    ... for its revenue remained HSBC's main challenge. The bank reported a pre-tax profit of US$22.56 billion last year, up 9 per cent from 2012 but short of the US$24.5 billion market consensus forecast. Its pre-tax profit for the fourth quarter was about 12 per cent lower than in the third quarter. Chief executive Stuart Gulliver took home £8.03 million (HK$104 million) in salary ...

    http://www.scmp.com/business/banking-finance/article/1434297/hsbc-stock-set-fall-hong-kong-q4-profit-disappoints
  10. Business - Banking & Finance - BANKING

    HSBC tipped for surge in pre-tax earnings

    Posted Oct 31st 2013, 10:49am by KANIS LI

    ... in pre-tax earnings Banking giant HSBC is set to report a surge in third-quarter pre-tax profit next week on the back of its fast-growing Asia-Pacific business and increased trade flows. However, ... survey of pre-tax profit for the quarter is US$5.4 billion. That translates into a leap of 54.2 per cent from a year earlier. Excluding one-off gains on the disposal of assets and fair-value ...

    http://www.scmp.com/business/banking-finance/article/1344305/hsbc-tipped-surge-pre-tax-earnings

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