HSBC Holdings plc Sponsored ADR (HSBC)
HSBC's Swiss Branch Violates Money Laundering Regulations
FINMA rules that HSBC Private Bank (Suisse) violated money laundering regulations in connection with two unnamed politically exposed people.
HSBC share price analysis: buy for the 7% dividend yield
HSBC (LON: HSBA) share price has been in the spotlight this week after a Swiss regulator ruled that its private bank violated money laundering rules. It then imposed some penalties, including an order to carry out AML reviews on its high-risk clients.
Swiss Regulator Says HSBC Violated Money Laundering Regulations
Swiss financial market supervisory authority FINMA has ruled that HSBC Private Bank (Suisse) SA violated money laundering regulations. This ruling followed enforcement proceedings opened by FINMA in December 2021 and focused on the financial institution's banking relationships with two unnamed politically exposed persons, FINMA said in a Tuesday (June 18) press release.
HSBC Swiss banking arm slammed for serious money laundering breach
The Swiss banking arm of HSBC "seriously violated financial market law" and has been temporarily banned from doing business with "politically exposed persons" after breaching money laundering prevention rules. The Swiss financial regulator, Finma, said HSBC Private Bank failed to carry out adequate checks concerning two "high-risk business relationships" with politically linked individuals, failing to properly check either the origins, purpose or background of the assets involved.
U.S. dollar remains unchallenged, but small changes in reserves have major impact on gold price – HSBC's Steel
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HSBC adds over 300 to China headcount after Citi wealth acquisition
HSBC said on Tuesday it had boosted its headcount in China by more than 300, as the Asia-focused lender completed the acquisition of Citigroup's consumer wealth portfolio in the world's second-largest economy.
HSBC Completes Transfer of Russia Unit Ownership to Expobank
HSBC completes the sale of its Russia unit to Expobank for an undisclosed fee.
HSBC completes sale of Russian unit to Expobank
HSBC has completed the sale of its Russian unit to Expobank, the Russian lender said on Wednesday.
HSBC's new offices are coaxing hybrid workers into the office more frequently
HSBC Holdings PLC appears to have found a solution to the challenge of getting employees back into the office by offering its full-time staff a new skyscraper for their working hours.
HSBC's New York attendance jumps to 80% at new office
HSBC's employee attendance has jumped to 80% at its new office in New York's Hudson Yards area, said Michael Roberts, CEO of HSBC in the USA and the Americas, on Thursday.
HSBC fined £6.2m by regulator for heavy-handed arrears treatment
HSBC has landed a £6.2 million fine from the UK's financial regulator, this time over its poor treatment of customers in arrears or experiencing financial problems. Policies, procedures and staff training were all deficient said the FCA, leading to “disproportionate action” when people fell behind on payments.
HSBC fined £6.2m by regulator for heavy-handed arrears treatment
HSBC has landed a £6.2 million fine from the UK's financial regulator, this time over its poor treatment of customers in arrears or experiencing financial problems. Policies, procedures and staff training were all deficient said the FCA, leading to “disproportionate action” when people fell behind on payments.
