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HSBC has reached an agreement with the Federal Reserve and the Office of the Comptroller of the Currency to settle allegations of improper conduct regarding its foreclosure practices. The bank ...
The deal struck between the financial crime prosecutor's office and the bank was a first in France under a new procedure that allowed companies under suspicion of corruption or dissimulation of tax fraud to negotiate a fine to stop a case from going to trial. French prosecutors have now dropped the case against HSBC Holdings. [16]
In either case, an alarm was indeed set off after a woman reported that a man calling himself Ruben al-Chidiak had attempted to sell her the private data. [13] Falciani says he paid for the airline tickets from his own HSBC account so that authorities could track him. [11] On 22 December 2008, Falciani was arrested, questioned and released.
The case was about retaliation, not sexual harassment, so Hubbard had to prove there was a causal relationship between Mike’s whistleblowing and HSBC’s actions against him. While several of the most sordid details were revealed—Eileen offering Jill to clients and executives, the breast-flashing incident—they were not the focus of the trial.
HSBC's Swiss private banking arm has agreed to pay nearly 300 million euros ($336 million) to settle a tax fraud case in Belgium, Belgian prosecutors said on Tuesday, the latest blow for the ...
Following the financial crisis of 2007–2008, and allegations over excessive executive pay, demand for products dropped. Anglo Irish Bank: Ireland: 15 Jan 2009: Banking: After the financial crisis of 2007–2008, the bank was forced to be nationalised by the Irish government. Arcandor: Germany: 9 June 2009: Retail
After several such episodes, Stern made contact with the FBI and CIA, which began to investigate HSBC. Self-directed, Stern continued to collect and pass information to the CIA regarding HSBC's blatant abuse and manipulation of wire filters to approve illegal wire transfers. He left HSBC in October 2011.
The forex scandal (also known as the forex probe) is a 2013 financial scandal that involves the revelation, and subsequent investigation, that banks colluded for at least a decade to manipulate exchange rates on the forex market for their own financial gain.