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 June 16, 2011
HONG KONG/SHANGHAI (Reuters) – The China units of HSBC Holdings and Citigroup Inc have won initial approval to underwrite corporate debt in China, paving the way for them to be the first foreign banks to win the coveted licenses, sources told Reuters on Thursday.
Posted by Reuters: Business News on June 13, 2011
JAKARTA (Reuters) – HSBC Holdings will run down its $33 billion U.S. credit card business if it cannot find a buyer, the bank’s chief executive said on Monday, part of efforts to slash costs and cut back on retail banking.
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 24, 2010
LONDON (Reuters) – HSBC Holdings is set to replace Chief Executive Michael Geoghegan with Stuart Gulliver, the head of its investment bank, and name its finance director as chairman, a person familiar with the matter 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.
