News

The mistake resulted in the share price of Britain’s largest bank rising more than 10 per cent

The tax affairs of more than 4,000 Britons with an HSBC bank account in Jersey were under scrutiny today

'Bonuses restricted' after HSBC is ordered to pay $1.9bn to settle money-laundering probe

Bank accused of violating the Bank Secrecy Act and the Trading With the Enemy Act

British banks close to settling US money-laundering charges

Two of Europe's largest banks are close to handing over a total of more than $2 billion to resolve allegations that they flouted US anti-money-laundering laws, according to officials and people familiar with the matter.

UK banks face $2.5bn fines over sanctions and money laundering

Two British banks will pay fines totalling nearly $2.5bn (£1.6bn) to United States regulators over money laundering and sanctions busting, it emerged today.

James Ashton: HSBC has to prove that size still matters

Outlook It would be easy to characterise the size of HSBC's expected $1.8bn (£1.1bn) fine for money-laundering as a small price to pay to settle this sorry affair.

HSBC sells stake in China's insurer Ping An for £5.8bn

HSBC, Europe's largest bank, today agreed the sale of its 15.6 per cent stake in Chinese insurance giant Ping An for $9.4bn (£5.8bn).

HSBC makes $9bn from Ping An sale

HSBC, Europe's largest bank, has agreed the sale of its 15.6 per cent stake in the Chinese insurance giant Ping An for $9.4bn (£5.8bn).

RBS to shut down Indian operation after deal to sell it to HSBC collapses

Taxpayer-controlled Royal Bank of Scotland is to wind down its operations in India after a deal to sell the business to HSBC struck two years ago collapsed.

UK losing AAA rating 'not so bad'

Chancellor George Osborne's attempts to cling onto the nation's triple-A credit rating look doomed but the loss would be "symbolic, not catastrophic", the UK's biggest bank says.

UK downgrade looms 'but it could be a help'

Chancellor George Osborne's attempts to cling onto the nation's triple-A credit rating look doomed but the loss would be "symbolic, not catastrophic", the UK's biggest bank says.

Manufacturing in China is showing growth once more

China manufacturing data signals rebound gathering pace

A Chinese manufacturing index signaled the first expansion in 13 months, adding to signs that economic growth is rebounding after a seven-quarter slowdown.

Bond quits as investors veto £140m Xstrata payout

Sir John Bond resigned as chairman of Xstrata yesterday after investors backed the miner's proposed £56bn merger with Glencore but voted overwhelmingly to oppose £140m of retention bonuses he had sought to tie into the deal.

Xstrata chairman quits over bonuses veto as Glencore tie-up agreed

Sir John Bond dramatically resigned as chairman of Xstrata yesterday after investors backed the miner's proposed £56bn merger with Glencore but voted overwhelmingly to oppose £140m of retention bonuses he had sought to tie into the deal.

Osborne under pressure to reduce UK's reliance on gas

The Chancellor, George Osborne, is under mounting pressure to cut dramatically Britain's reliance on gas after a coalition of the world's biggest investment fund managers made an unprecedented call on the Government to step up its commitment to low carbon energy.

HSBC considers £6bn mega-sale after approach for insurer Ping An

HSBC, Europe’s largest bank, could be about to make its largest asset sale since chief executive Stuart Gulliver revealed his three-year $3.5 billion cost-cutting and rationalisation plan 18 months ago.

Former AIA boss is front-runner to be Aviva chief

Mark Wilson, former boss of Asian insurer AIA, has emerged as the frontrunner to become the next Aviva chief executive.

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