Tag: HSBC

• Wednesday, February 25th 2015 - 04:23 UTC

  HSBC singles Brazil, Mexico and U.S. as 'problem areas': 12/24 months to prove their worth

  

  HSBC singled out three large markets in the Americas, Brazil, Mexico and the U.S., as problem areas in which its businesses need to shape up or face restructuring, including possible asset sales. “We're talking of 12 to 24 months”.

• Thursday, February 19th 2015 - 05:44 UTC

  HSBC Swiss office searched by Geneva prosectuor; second probe in a week

  

  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.

• Thursday, February 12th 2015 - 05:34 UTC

  UK's Customs request information on Argentina's criminal case against HSBC

  

  Britain's HM Revenue and Customs (HMRC) department has requested Argentina’s AFIP tax bureau information on the criminal report filed in Buenos Aires against HSBC on allegations the bank helped more than 4,000 clients to evade taxes by stashing their money in secret Swiss bank accounts.

• Monday, July 28th 2014 - 07:34 UTC

  Three top banks accused by investor of trying to rig silver prices

  

  Deutsche Bank, HSBC and Bank of Nova Scotia have been accused of attempting to rig the price of silver, in a lawsuit filed in the US. The plaintiff alleges the banks, which set the price of silver each day, abused their position in the market.

• Tuesday, July 22nd 2014 - 23:35 UTC

  Criminal investigation into possible price rigging in London foreign exchange market

  

  The United Kingdom Serious Fraud Office (SFO) has launched a criminal investigation into allegations of price rigging in the £3tn-a-day foreign exchange market. The probe will look into allegations of “fraudulent conduct”, the director of the SFO said in a statement.

• Thursday, August 8th 2013 - 13:52 UTC

  Uruguay concludes successfully the issue of a new 2024 global bond

  

  Uruguay sold 2 billion in a new 2024 global bond at a yield of 4.521% as a part of a debt liability operation that includes a debt swap, the government said on Wednesday.

• Wednesday, August 7th 2013 - 02:39 UTC

  Uruguay floats 2bn dollars in bonds to help spread debt payment

  

  Uruguay priced 2 billion dollars in 10-year benchmark sovereign bond on Tuesday at a spread of 187.5 basis points over US Treasuries as part of the government's bid to improve its debt profile, according to reports from Thomson Reuter’s unit IFR. The bond priced at 99.833 with a 4.5% coupon and 4.521% yield, according to IFR.

• Wednesday, December 12th 2012 - 21:13 UTC

  HSBC fined 1.9bn for money laundering for drug barons and rogue nations

  

  The US said “dangerous practices” at HSBC allowed the bank to pass money to “drug kingpins and rogue nations”, as it fined it 1.9 billion dollars. HSBC agreed the fine, the largest of its kind, earlier on Tuesday.

• Monday, May 14th 2012 - 05:21 UTC

  HSBC reports sale of affiliates in four countries to GNB Colombia for US 400m

  

  HSBC reported the sale of its affiliates in Uruguay, Colombia, Peru and Paraguay to the Colombian group Gilinski, an operation involving 400 million dollars, of which 80 million for the Montevideo assets.

• Tuesday, February 28th 2012 - 04:21 UTC

  Europe’s biggest bank with record profits from operations in Latam and Asia

  

  HSBC Holdings Plc said a 1 billion dollars increase in its wages bill in Brazil, China and other emerging markets was the price of avoiding the stagnant growth which has dogged some rival lenders more dependent on Europe.