More than 10 per cent of shareholder votes went against HSBC's pay report at its annual meeting yesterday, after the banking giant's boss took home £7.5m in pay and bonuses last year.

More than 10 per cent of shareholder votes went against HSBC's pay report at its annual meeting today after the banking giant's boss took home £7.5 million in pay and bonuses last year.

British regulators may be powerless to act against JP Morgan over its chief investment office's huge, loss-making positions in credit derivatives because of the bank's structure, i has learnt.

Today

HSBC has set out contingency plans for all its 15 Greek branches to cope with a return of the drachma.

Outlook Stuart Gulliver got the top job at HSBC after a bout of destructive fratricide that ought to concern regulators just as much as the bank's capital position.

Britain's biggest bank will this week update shareholders on its strategy to streamline operations that has already seen it reduce headcount by 14,000 in the past year.

Banking giant HSBC has made 1.2 billion US dollars (£741 million) in cost savings in the last year as it cuts thousands of jobs worldwide, including the UK.

Shareholders have claimed another high-profile scalp as Britain's biggest insurer announced the abrupt exit of its chief executive.

Today

Francesco Molinari returned to winning ways yesterday as the Italian Ryder Cup star produced a best-of-the-week 65 – seven under par – to turn a four-stroke deficit into a three-shot win at the Spanish Open in Seville.

HSBC is facing explosive allegations that South American drug cartels have used it to launder money, and that the bank systematically and deliberately failed to install the systems needed to catch illegal transactions.

HSBC is facing potentially explosive allegations that South American drug cartels have used it to launder money, and that the bank systematically and deliberately failed to install the systems needed to catch illegal transactions.