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HSBC's shares were flat on Tuesday, while the FTSE 100 index slipped 0.6%. HSBC shares have risen 12% in the last year, underperforming a 33% gain in Europe's benchmark STOXX index of banks ...
The Libor scandal was a series of fraudulent actions connected to the Libor (London Inter-bank Offered Rate) and also the resulting investigation and reaction. Libor is an average interest rate calculated through submissions of interest rates by major banks across the world.
HSBC and Capital One said that they expect no immediate changes to the credit card programs and operations. HSBC customers will see no near-term service changes and should be able to use their credit cards normally. In 2013, HSBC Finance sold its US consumer loans to Springleaf Financial and Newcastle Investment Corp. [14]
He was the former Managing Director of HSBC Private Bank, Chief Investment Officer of Emirates NBD as well as chairman and Director-General of the Board of Investment of Sri Lanka. [3] [4] [5] Mahendran is currently residing in Singapore, which has refused to extradite him on a request from Sri Lanka routed through interpol. [6] [7] [8]
HSBC Holdings plc (Chinese: 滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint.
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After the collapse of the financial industry in 2008, HSBC seemed motivated to lead the industry in scandals. There were accusations of doing business with criminals and rigging markets. In 2010, the year before Mike started, French investigators announced that they had information on 79,000 clients who may have been using HSBC’s private ...
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. Market regulators in Asia, Switzerland, the United Kingdom, and the United States began ...