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HSBC awaits RBI nod for NBFC

 After investing $150 million this year, HSBC is willing to step up investments in India as it expects the economy to sustain over 7 per cent growth in the coming years.HSBC is also awaiting nod......

HSBC set to cut thousands of jobs globally

 An estimated 10,000 to 20,000 jobs will be axed, according to a media report HSBC Holdings Plc could announce thousands of job cuts at a strategy day next week, Sky News reported on Monday, part of......

Swiss prosecutor searches HSBC premises, opens criminal inquiry

 Geneva's public prosecutor searched the premises of HSBC Holdings PLC in Geneva on Wednesday and said it had opened a criminal inquiry into allegations of aggravated money laundering. "A search is......

HSBC admits Swiss bank failings over client taxes

 HSBC's Swiss bank routinely allowed clients to withdraw “bricks” of cash British bank HSBC Holdings Plc admitted on Sunday failings by its Swiss subsidiary, in response to media reports......

HSBC gets Indian-origin executive to head internal audit

 Indian-origin Manveen Pam Kaur will takeover as the Internal Audit head of global banking major HSBC from April.The appointment comes amid the HSBC looking to strengthen its capabilities and......

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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