HSBC Likely to Pay $300M to Settle "Cum-Cum" Tax Lawsuit in France
HSBC nears a $300M settlement in France's "Cum-Cum" tax probe, moving toward a deal that would close the criminal investigation without admitting guilt.
Ant and HSBC Team on Cross-Border Tokenized Deposit Transfers
Ant International, HSBC and Swift say they have tested a new cross-border payment solution. The initiative involved the cross-border transfer of tokenized deposits using ISO 20022 messaging standards, with the help of Swift's global messaging network, HSBC's tokenized deposit service and Ant's blockchain technology, according to a Thursday (Dec. 11) news release.
HSBC Appoints Interim CEO Jason Henderson to Lead US Business
HSBC has appointed Jason Henderson as CEO for the United States, effective Tuesday (Dec. 9). Henderson has served as interim CEO since August and has been with the bank for nearly 20 years, HSBC said in a Tuesday press release.
Euro Looks Cheap Versus Dollar, HSBC's Models Show
The euro was lower against the dollar, and the currency had rebounded less than what its modeled path suggested, HSBC said, adding that it looked cheap.
He Was Caught Up in the Financial-Crisis Firestorm. Now He Oversees HSBC.
Under Brendan Nelson, KPMG's financial-services practice faced scrutiny in the wake of U.K. lender bailouts.
HSBC names Brendan Nelson permanent group chair after two-month interim spell
HSBC Holdings PLC (LSE:HSBA) has confirmed Brendan Nelson as its new group chair, following a search that looked at candidates both inside and outside the bank. Nelson has been serving in the role on an interim basis since 1 October and joined the board in 2023.
HSBC Holdings Board Appoints Brendan Nelson as Group Chair
Brendan Nelson joined the board in September 2023 and has been serving as interim group chair since Oct. 1.
HSBC Collaborates With Mistral AI to Boost Generative AI Usage
HSBC teams up with Mistral AI in a multi-year push to accelerate generative AI, thus streamlining operations and elevating client experience.
HSBC interim chair Brendan Nelson ruled himself out of permanent role, CEO says
HSBC's interim chairman Brendan Nelson has confirmed he is not seeking the role on a permanent basis, the bank's Chief Executive Georges Elhedery told an event in London on Tuesday amid a protracted search for the lender's next chair.
Why HSBC Has Struggled to Fill One of the Biggest Jobs in Global Finance
The role is one of the most demanding in world finance, with the bank acting as a financial bridge between the East and West.
Gold will gain on USD weakness, Fed easing even if equities remain strong - HSBC's Bohn
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
HSBC Restructures Trading Operations to Strengthen Debt Financing Push
HSBC unifies macro and credit units in a sweeping trading overhaul as it sharpens its push to dominate global debt financing.
