HSBC’s tightrope act opens up internal fault lines in Hong Kong turmoil
HSBC Holdings PLC’s endorsement of a proposed Chinese security law in Hong Kong has begun to widen fault lines over the British institution’s relationship to the city’s masters in Beijing. The bank’s statement on the eve of the June 4 anniversary of the 1989 crackdown ...
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 ...
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 ...
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 ...
Thousands denounce HSBC board member's likening of Hong Kongers to freed slaves
Thousands have signed an online petition denouncing reported comments by an HSBC Holdings board member in which she likened Hong Kong protesters' demands for democracy to the emancipation of slaves. Laura Cha, who is also a member of Hong Kong's policymaking Executive Council, chairwoman of ...
