Business / Corporate Oct 6, 2016

BTMU to cooperate with foreign banks over money laundering

Bank of Tokyo-Mitsubishi UFJ, Japan's biggest lender, will join foreign peers in using advanced technology to spot illegal activity, sources close to the matter said. The bank will partner with British giant HSBC and Singapore's OCBC Bank in using the latest information technology and financial ...

World / Crime & Legal Feb 19, 2015

Swiss prosecutor raids HSBC office, opens criminal inquiry

Geneva's public prosecutor searched HSBC's lakeside Swiss office on Wednesday after opening a criminal inquiry into allegations of aggravated money laundering, the second probe to hit the bank this week. Europe's largest lender is in regulators' sights after details about how its Swiss private bank ...

World Feb 16, 2015

Britain's HSBC apologizes over past standards at Swiss bank

HSBC apologized to customers and investors on Sunday for past practices at its Swiss private bank after allegations that it helped hundreds of wealthy clients dodge taxes. Europe's largest bank said in full-page advertisements in British newspapers that recent media coverage that focused on the ...