RBI may go for 0.25% rate cut: HSBC
The Reserve Bank is likely to continue with its accommodative stance and may go for a 25 basis points rate cut, an HSBC report says
Mar 01, 2016, 15:49 PM IST
HSBC 2015 results disappoint amid 'seismic' economic shifts
Global banking giant HSBC on Monday reported a shock pre-tax loss in the last quarter of 2015 with results for the year missing analysts` expectations, as it grapples with "seismic shifts" in the world economy.
Feb 22, 2016, 17:30 PM IST
HSBC's Swiss, Dubai arms under lens for tax evasion by Indians
HSBC has been under scanner ever since a leaked list of hundreds of Indian clients of its Geneva branch found its way to the Indian tax authorities. Similar lists made their way to tax authorities in various other countries, prompting probes.
Feb 22, 2016, 17:06 PM IST
HSBC under lens for hiring candidates linked to govt officials
The bank did not identify the specific country where such hirings could have been made, but said it is cooperating with the investigation by the US markets regulator SEC (Securities and Exchange Commission).
Feb 22, 2016, 16:52 PM IST
HSBC hints could shift to Paris in case of Brexit
Global banking giant HSBC`s chairman Douglas Flint on Monday hinted the lender could shift its operations to Paris if Britain votes to leave the European Union in a referendum expected later this year.
Feb 15, 2016, 17:40 PM IST
HSBC keeps headquarters in London, rejects move to Hong Kong
HSBC Holdings decided on Sunday to keep its headquarters in Britain, rejecting the option of shifting its centre of gravity back to its main profit-generating centre Hong Kong after a 10 month review.
Feb 15, 2016, 07:53 AM IST
HSBC takes U-turn, drops plan for 2016 pay freeze in speedy backpedal
HSBC, Europe`s largest bank, has dropped plans to freeze pay this year, according to a memo by Chief Executive Stuart Gulliver seen by Reuters, reversing a cost-cutting decision made less than two weeks ago.
Feb 11, 2016, 17:31 PM IST
Stolen data issue impacts tax cooperation with India: Swiss government
Switzerland's tax cooperation with India is being negatively impacted over the "contentious" issue of sharing information based on illegally obtained data, according to the Swiss government.
Feb 03, 2016, 19:36 PM IST
'French court backs charges against HSBC in tax fraud probe'
The court rejected an appeal by HSBC that charges first brought in April for facilitating tax fraud and illegal practices be dropped, sources told AFP.
Feb 01, 2016, 22:52 PM IST
61% Indians aged 45-plus want to retire in next 5 years: Survey
Nearly 61 percent working population in India aged 45 plus want to retire in the next five years, with the majority saying work-related pressure is affecting their mental and physical health.
Jan 31, 2016, 22:38 PM IST
HSBC to freeze salaries, hiring in 2016 in battle to cut costs: Sources
Like numerous other global banks, HSBC is in the midst of a cost-cutting drive to boost profitability and returns to shareholders, and is pushing through with plans for annual cost savings of up to $5 billion by 2017.
Jan 31, 2016, 21:55 PM IST
Raghuram Rajan to wait for Budget roadmap before next rate cut: HSBC
Even though the fall in oil prices has created some space to ease rates, HSBC Wednesday said it expects RBI Governor Raghuram Rajan to maintain status quo in the forthcoming policy review and wait for the fiscal roadmap presented in the Budget.
Jan 27, 2016, 19:37 PM IST
FIIs withdraw $7 billion from Asian equities: HSBC
Foreign institutional investors have pulled out funds worth USD 7 billion from Asian equities in January with India witnessing outflows of USD 1.64 billion, says an HSBC report.
Jan 27, 2016, 17:37 PM IST
HSBC revises 2016 crude price down again, sees at $45 a barrel
Even as many of its peers are betting crude as low as USD 10-20, British brokerage major HSBC sounded a tad optimistic but has pegged down the average Brent crude prices at USD 45 a barrel for 2016 from USD 60.
Jan 26, 2016, 18:57 PM IST
HSBC appoints Ravi Menon as CEO of Indian asset management arm
HSBC has appointed Ravi Menon as the chief executive of its asset management arm in the country, after the elevation of Puneet Chaddha as business head for South East Asia.
Jan 17, 2016, 12:36 PM IST
HSBC says access to online banking service resuming steadily after outage
Europe`s biggest bank assured customers they would not lose out.
Jan 06, 2016, 02:06 AM IST
Maintaining growth momentum in 2016 'challenging': HSBC
India's GDP growth quickened to 7.4 percent in the September quarter helped by 9.3 percent growth in manufacturing.
Dec 14, 2015, 16:21 PM IST
Man behind Swissleaks scandal sentenced to 5 years in prison
Herve Falciani, the former HSBC employee whose disclosures uncorked the "Swissleaks" scandal on bank-supported tax evasion, was sentenced in absentia on Friday to five years in prison, Switzerland's ATS news agency said.
Nov 27, 2015, 20:22 PM IST
Indrani Mukerjea opened bank accounts in name of Sheena Bora in Singapore: Peter to CBI
The CBI said that both Indrani and Peter formed various companies between 2006-07 and invested nearly Rs 900 crore.
Nov 26, 2015, 17:14 PM IST
India's exports to outpace China by 2025: HSBC
Global banking major HSBC on Tuesday forecast a strong growth for India's export segment which is projected to outpace China in the period between 2025 and 2050.
Nov 24, 2015, 17:17 PM IST
