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HSBC shuts Muslim accounts in UK

 In a controversial move, global private banking major HSBC has closed a number of "risky" accounts belonging to Muslim groups and individuals in the United Kingdom. HSBC has written to one of......

HSBC to shut down India private banking business

 Global banking major HSBC on Friday announced shutting down of its private banking business in India that offers wealth management services. "After a strategic review of our global private banking......

'When the market is good, you have to capitalise on it'

 'Within India, people want high-quality, personalised banking services, and the demand for such services has exploded.' Photograph: Carlo Allegri/Reuters At a time when foreign banks in India are......

SBI mulls firm for private banking biz

 State Bank of India (SBI) is considering setting up a separate company for its private banking initiative, as part of a plan to garner a larger share of business from the country's burgeoning......

Private banks: cap on voting rights may go

 The government is likely to remove the 10 per cent cap on voting rights on foreign shareholders of private Indian banks. In addition, the guidelines for banks eligible to invest in the country are......

Foreign, private banks on hiring binge

 With new generation private banks increasing their footprint across the country, it is churn time in the job market.Senior and middle level bankers are being chased by headhunters to fill in new......

Uruguay's star footballer Forlan among HSBC's Swiss account holders

 Uruguayan soccer player Diego Forlan on Monday denied evading taxes by hiding money in Swiss accounts with the British bank HSBC Holdings PLC. Forlan was among a list of rock stars, Hollywood......

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