Tag: HSBC Holdings PLC

• Monday, July 30th 2012 - 23:35 UTC

  HSBC puts aside 2 billion dollars to cover possible money-laundering fines

  

  HSBC has put aside 2 billion dollars to cover potential mis-selling claims and money-laundering fines as it announces a sharp rise in first-half profits.

• Wednesday, July 18th 2012 - 07:59 UTC

  Mexico banking regulator says it repeatedly warned HSBC on money laundering

  

  Mexico's banking regulator on Tuesday defended its role in a money laundering scandal engulfing HSBC Holdings Plc, saying it had repeatedly told the bank to improve lax controls over suspect funds passing through its accounts.

• Tuesday, July 17th 2012 - 19:27 UTC

  HSBC grilled in US Senate for lax controls enabling billions of money laundering

  

  The CEO of the U.S. division of the big international bank HSBC is apologizing for lax controls that lawmakers say allowed Mexican drug cartels to launder billions of dollars through the US operation and many other illicit transactions for years.

• Friday, June 22nd 2012 - 07:58 UTC

  Brazil’s Bovespa monopoly on the line as government considers boosting competition

  

  Brazil’s stock exchange Bovespa is facing a loss in market share estimated at as much as 30% by HSBC Holdings Plc and Banco Itau BBA SA as the nation considers boosting competition among trading platforms.

• Thursday, May 10th 2012 - 19:47 UTC

  Colombian group interested in HSBC assets in Peru, Uruguay and Paraguay

  

  Banking giant HSBC Holdings PLC said on Thursday it is in talks on a possible sale of its operations in Colombia, Peru, Uruguay and Paraguay