Page 13 - Hsbc

HSBC to pay $765 mn to settle US mortgage securities misselling claim

HSBC said in a statement it has been working since the financial crisis to improve its internal controls and culture.

HSBC appoints Surendra Rosha to take over from ailing CEO Jayant Rikhye

Rosha joined HSBC's Indian operations in 1991. He has worked in multiple roles in forex trading, corporate treasury sales, treasury and capital markets across a variety of countries

Amitabh Malhotra appointed as head of Investment Banking for HSBC India

Prior to HSBC, Amitabh worked at Rothschild India, where he was the co-head and managing director of the Global Investment Bank

HSBC's lending push faces entrenched local rivals and past mistakes in US

HSBC's underperformance in the US, where it is a relative minnow in contrast to its strong position in Europe and Asia, is partly a legacy of its disastrous foray into subprime lending in the country

New CEO's $17 bn plan for HSBC: expand key Asian markets, improve tech

HSBC is partly investing roughly two thirds of that amount by 2020 to build its presence in Hong Kong, the Pearl River Delta, and wealth in Asia. The rest will be spent on technology upgrades.

HSBC chief Stuart Gulliver ends seven-year stint; shares fall over 2%

During his last year, Gulliver managed to arrest a six-year slide in income and positioned the bank to return more cash to investors in the second quarter

HSBC new CEO: Retail head John Flint may replace Stuart Gulliver

Appointment of Gulliver's replacement first major decision facing Mark Tucker, bank's new chairman

Over 70% mid-market firms upbeat on domestic economy, revenue growth: HSBC

The MMEs are defined as companies with between 200 and 2,000 employees

HSBC bans traders from buying bonds on personal accounts

Employees will be allowed to maintain existing holdings of securities prohibited by the new rules

Former HSBC executive arrested in US forex case

Scott was released on bail by a London court yesterday and plans to fight his extradition

India's growth to remain unchanged at 7.1% in FY17: HSBC

Central bank also lowered its growth forecast to 7.3% from 7.4%

HSBC foreign acts case: Govt raises tax demand of Rs 5,419 cr

190 prosecution complaints have been filed against various entities

HSBC wins mandate on $100 billion Saudi Aramco IPO: CEO

Despite earnings pressure, HSBC retained its dividend payout ratio at higher level in last few years

Mr, Mrs, Mx or Misc? Banking giant HSBC introduces gender neutral titles

Favours people who don't identify as particular gender or who don't want to be identified by gender

HSBC discloses tax evasion investigation in India & abroad

HSBC has disclosed being probed by tax authorities in India and several other countries

HSBC's India headcount rises by 4,000 to reach 37,000 despite global drop

India figures as the second-biggest among HSBC's 'main centres of employment' after the UK

HSBC discloses tax evasion probes in India, other countries

HSBC said it has set aside $773 mn as a provision for various tax, money laundering-related matters

HSBC's India PBT up 22% at $743 mn

Commercial banking activity contributed PBT of $123 million, sharply up from $79 million in 2015

HSBC share run stumbles on writedowns, tough outlook

It made profit before tax of $7.1 billion in 2016 compared to $18.87 billion for the previous year

Risk of earnings downgrades later this year: Herald Van Der Linde

We expect good performance from EM equities in 2017, says Herald Van Der Linde