Hongkong & Shanghai Banking Corporation
HSBC to set aside another £500 mn for penalties over money laundering
05 Nov 2012
Despite a £937-million fine for the embarrassing money laundering scandal it has been slapped with, HSBC's profit would peak in the third quarter by over 80 per cent to $5.4 billion
HSBC to stop Shariah-compliant products in UK
08 Oct 2012
HSBC exposed US, India to terror funds: US senate panel
17 Jul 2012
HSBC had, in 2009, authorised its affiliate to supply Indian rupees to Saudi Arabia's Al Rajhi Bank, which has links with terrorists, the report said
HSBC to sell Greek stock broking business
08 Jun 2012
HSBC boosts turnaround revenue target to $2 bn
18 May 2012
HSBC Holdings Plc, Europe’s largest lender, has doubled its additional revenue target from the bank’s turnaround plan to $2 billion by improving efficiency, cutting costs, and targeting emerging markets
HSBC in talks to sell Latin American operations
10 May 2012
HSBC to announce 2,000 job losses in UK today
26 Apr 2012
HSBC plans to slash 30,000 jobs globally by 2013 to save $3.5 billion in annual costs and exit countries and areas where it does not have a strong presence
HSBC in talks to sell Mauritius retail banking division
26 Mar 2012
For HSBC, Europe's biggest bank, the sale of its Mauritius retail banking arm is a continuation og its strategy to sell non-core assets to cut costs
HSBC profits at $21.9 billion on strong Asia growth
27 Feb 2012
Europe's largest bank, HSBC Holdings, made a $21.9 billion profit last year, the largest among western banks, due to its Asian strength which allowed it cope with a euro zone debt crisis that has plunged many rivals into huge losses
HSBC to exit retail banking in Japan
23 Feb 2012
HSBC today said that it will withdraw out of retail banking in Japan and close its remaining services for individual customers, as it tries to control costs and refocus its sprawling business
HSBC to issue new shares to pay bonuses
22 Feb 2012
The pay deal has received approval of the Financial Services Authority, which sees this as a way for banks to bolster their capital base even as they continued to pay staff bonuses
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
.jpg "India, Nigeria agree on local currency settlement system")
