Probe into Indians named by HSBC, Leichstenstein complete: Govt
The government has completed investigation against persons named in HSBC and Liechtenstein banks for black money stashed abroad and made an assessment totalling around Rs 15,000 crore in the two cases.
Mar 21, 2017, 18:21 PM IST
Google apologises to ad clients for YouTube content fiasco
Google apologised on Monday for allowing ads to appear alongside offensive videos on YouTube as more high-profile firms such as Marks & Spencer and HSBC pulled advertising for British markets from Google sites.
Mar 21, 2017, 11:29 AM IST
HSBC's India headcount rises by 4,000 despite global drop
UK-based banking major HSBC saw its India headcount rise by 4,000 people to reach 37,000 last year even as its worldwide workforce got trimmed by nearly 23,000 persons.
Feb 26, 2017, 18:11 PM IST
HSBC discloses tax evasion probes in India, other countries
Global banking giant HSBC has disclosed being probed by tax authorities in India and several other countries, including against its Swiss and Dubai units, for allegedly abetting tax evasion of four Indians and their families.
Feb 26, 2017, 16:55 PM IST
HSBC warns of risks to world economic growth as profit dives
In the most recent quarter, HSBC's net loss widened to USD 4.2 billion from USD 1.3 billion in the same period the previous year.
Feb 21, 2017, 18:12 PM IST
HSBC, UBS stop issuing P-Notes as India steps up clampdown
A number of foreign investors including HSBC and UBS have stopped issuing controversy-ridden P-Notes as regulatory and enforcement agencies step up their clampdown on misuse of this once-popular instrument among foreigners to invest in Indian markets.
Feb 19, 2017, 14:35 PM IST
Sebi settles Adani Exports scrip case with 5 persons
Markets regulator Sebi has settled a case with five individuals of erstwhile Investmart India Ltd regarding alleged manipulation in the scrip of Adani Exports more than 16 years ago.
Feb 17, 2017, 20:58 PM IST
HSBC, ICIJ list: I-T dept detects Rs 16,200 crore black money
Over Rs 16,200 crore in black money has been detected by the government after investigations on global leaks about Indians stashing funds abroad, Parliament was informed Tuesday.
Feb 07, 2017, 18:52 PM IST
GST, demonetisation to push Sensex to 30,500 by year-end: HSBC
The benchmark BSE Sensex could hit 30,500 level by year-end, said global financial services major HSBC on Wednesday, expressing confidence in the Modi government's structural reforms.
Jan 11, 2017, 17:52 PM IST
EU fines HSBC, JP Morgan and Credit Agricole $520 million over interest rate rigging
The EU's top anti-trust regulator on Wednesday slapped fines on banks HSBC, JP Morgan and Credit Agricole for rigging the Euribor interest rate benchmark used for a wide range of financial instruments.
Dec 07, 2016, 19:05 PM IST
HSBC launches its Unified Payments Interface for corporates in India
Foreign lender HSBC on Monday launched its Unified Payments Interface (UPI) for corporates in the country.
Nov 28, 2016, 20:35 PM IST
Citi and JPMorgan top list of globally systemic banks, replaces HSBC
Citi has joined JPMorgan at the top of global regulators` list of systemically important banks, replacing HSBC and meaning the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability.
Nov 21, 2016, 20:36 PM IST
HSBC should stand trial in tax fraud case, says French prosecutor
A French prosecutor has called for British banking giant HSBC to stand trial for enabling French clients to hide at least 1.67 billion euros ($1.84 billion) from the taxman, a source close to the probe said Thursday.
Nov 07, 2016, 21:12 PM IST
HSBC should stand trial in tax fraud case: French prosecutor
If the case goes to trial, HSBC would face charges that its Swiss unit HSBC Private Banking offered its customers several ways of hiding assets from the French taxman, notably via the use of offshore tax havens.
Nov 03, 2016, 15:38 PM IST
HSBC sees inflation below RBI's 2017 target, room for rate cut
Inflation is likely to remain below the Reserve Bank's early 2017 target of 5 percent for the next 12 months, opening up space for monetary easing, says an HSBC report.
Sep 30, 2016, 13:42 PM IST
HSBC sees room for 0.50% rate cut this fiscal
RBI is expected to go for a 50 basis points rate cut over the remaining months of the fiscal as inflationary pressure is expected to stay contained thanks to good monsoon and falling vegetable prices, says a report.
Sep 13, 2016, 16:51 PM IST
HSBC, BofA apply blockchain to trade finance, seek more partners
HSBC and Bank of America Merrill Lynch said on Wednesday they had created the world`s first application using blockchain technology to simplify one of the most cumbersome aspects of trade finance.
Aug 10, 2016, 18:14 PM IST
HSBC profits plunge 45% to $3.61 billion as Brexit uncertainty bites
HSBC posted Wednesday tumbling second-quarter net profit on volatile markets and China`s slowdown, warning it faced "a period of heightened uncertainty" after Britain voted to leave the European Union.
Aug 03, 2016, 17:29 PM IST
E-commerce could create 12 mn jobs over 10 years: HSBC
E-commerce in India is expected to see a significant uptrend in the coming days and could lend a helping hand to the country's job landscape, which needs as many as 80 million new jobs in the next decade, says a report.
Jul 27, 2016, 16:02 PM IST
India link emerges in $3.5-billion forex trading fraud at HSBC
An India link has emerged in the alleged USD 3.5-billion forex trading fraud case at HSBC, where two senior executives have been accused of doing 'front-running' by cheating a client that was selling part-stake in an Indian subsidiary.
Jul 21, 2016, 20:25 PM IST
