Posted by Reuters: Business News on January 25, 2012
(Reuters)- HSBC Holdings PLC is under investigation by a U.S. Senate panel in a money-laundering inquiry, the latest step in a long-running U.S. effort to halt shadowy money flows through global banks, according to people familiar with the situation and a company securities filing.
Posted by Reuters: Business News on August 10, 2011
HONG KONG (Reuters) – HSBC Holdings plc has agreed to sell its U.S. credit card and retail services unit to Capital One Financial Corp for a premium of about $2.6 billion, as Europe’s top bank streamlines its mammoth operations by shedding non-core businesses.
Posted by Reuters: Business News on July 31, 2011
NEW YORK (Reuters) – HSBC Holdings Plc on Sunday said it plans to shed nearly half of its underperforming U.S. branch network, selling 195 branches to First Niagara Financial Group Inc for about $1 billion, and closing 13 others.
Posted by Reuters: Business News on June 30, 2011
LONDON (Reuters) – HSBC Holdings Plc is poised to axe about 700 jobs in its UK retail bank arm, as swingeing staff cuts begin in earnest at banks across Europe stung by a limp economic recovery, trading woes and tougher regulation.
Posted by Reuters: Business News on May 11, 2011
HONG KONG/LONDON (Reuters) – HSBC Holdings Plc is reviewing its U.S. cards business and streamlining its wealth management and retail banking operations as it eyes savings of up to $3.5 billion, Europe’s biggest bank said on Wednesday.
Posted by Reuters: Business News on May 6, 2011
ST. LOUIS, May 5 (Thomson Reuters Accelus) – The Justice Department’s money-laundering probe against banking giant HSBC Holdings Plc is looking at possible prosecution of individual bankers, a source close to the investigation said on Thursday.
Posted by Reuters: Business News on September 22, 2010
LONDON (Reuters) – HSBC Holdings Plc Chief Executive Michael Geoghegan has threatened to quit if he is not promoted to chairman, a report said on Wednesday, potentially adding to a spate of upheavals within Europe’s top banks.
Posted by Reuters: Business News on August 22, 2010
HONG KONG (Reuters) – HSBC Holdings Plc has emerged as the frontrunner to buy a controlling stake in Nedbank , South Africa’s fourth-largest bank, in a deal that could be announced as early as Monday, the Financial Times quoted people familiar with the talks as saying.
Posted by Reuters: Business News on July 7, 2010
NEW YORK/CHARLOTTE, North Carolina (Reuters) – The Department of Justice has opened a criminal investigation into whether some HSBC Holdings Plc clients may have failed to disclose offshore accounts, lawyers familiar with the probe said on Tuesday.
