HSBC Australia Sued for ‘Widespread' Anti-Fraud Failings
Banking giant HSBC is facing a lawsuit in Australia over alleged fraud-prevention failures. The Australian Securities and Investments Commission (ASIC) announced Monday (Dec. 16) that it was suing ...
HSBC Australia accused of ‘widespread and systemic' failure to prevent scams
Australia's financial regulator has filed a lawsuit against HSBC Holdings PLC (LSE:HSBA) for allegedly failing to protect customers from scams. The allegations, brought before the Federal Court by ...
Australia takes HSBC to court over neglecting scam victims
Australia's corporate regulator has initiated legal action against the local affiliate of the global bank HSBC , claiming it failed to correctly respond to about 950 reports of customers losing clo...
Report: HSBC to Scale Back Retail Banking in Mexico, Malaysia and Indonesia
HSBC is reportedly considering scaling back its retail banking operations in Mexico, Malaysia, Indonesia and some other countries.
RBI may cut rates in February if winter harvest goes well: HSBC
Pranjul Bhandari, HSBC's chief India economist, explains that because food is a factor in India's inflation considerations, the Reserve Bank of India could have room to ease rates if the winter cro...
HSBC share price is soaring: technicals point to more gains
The HSBC share price is firing on all cylinders and is hovering at its all-time high as the company's turnaround measures continue. It has risen in the last five consecutive weeks and moved to a re...
HSBC, NatWest, and Lloyds: Citi's mixed outlook for UK banks in 2025
Citi analysts have offered a mixed forecast for UK banks in 2025, favouring HSBC Holdings PLC (LSE:HSBA) and NatWest Group PLC (LSE:NWG) while expressing caution over Lloyds Banking Group PLC (LSE:...
HSBC eyes $3 bln in potential savings from overhaul, Bloomberg News reports
HSBC Holdings Plc is examining plans that could cut costs by at least $3 billion as the bank continues to restructure its worldwide operations under new CEO Georges Elhedery, Bloomberg News reporte...
HSBC reportedly seeking out $3bn in savings through overhaul
HSBC Holdings PLC (LSE:HSBA) is reportedly looking to save as much as US$3 billion (£2.4 billion) through its overhaul under new chief executive George Elhedery. Bloomberg-cited sources said manage...
HSBC shipping expert discusses upcoming shocks to the global supply chain
Parash Jain, global head of shipping and ports at HSBC, discusses market outlook ahead of expected changes in U.S. trade policy.
HSBC to Close China Credit Card Business Amid Expansion Struggle
HSBC plans to move away from its China credit card business as it faces growth and profitability constraints, given high competition and lower consumer spending.
HSBC economist says he prefers countries with a strong domestic market in light of tariff risks
Frederic Neumann, chief Asia economist and co-head of global research for Asia at HSBC, says he favors countries with a strong domestic economy and limited external trade exposure in the near term,...
TD Bank taps HSBC Canada's former chief compliance officer, sources say
TD Bank has hired Georgia Stavridis from Royal Bank of Canada to become a vice president in financial crimes risk management, a newly created role, three sources told Reuters.
Exclusive: HSBC pulling back from China credit card business after struggling to expand, sources say
HSBC is pulling back from its credit card business in China eight years after its launch, as the lender struggled to expand and make the enterprise profitable in the world's second-largest economy,...
Expect RBNZ to 'slow down' pace of monetary easing in 2025: HSBC
Paul Bloxham of HSBC explains why he expects the Reserve Bank of New Zealand's official cash rate to lower to 3.25% by the end of 2025.
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