HSBC to Shift $20 Billion Worth of Assets to Blockchain-Based Platform December 3, 2019 By Tom Wilson and Lawrence White HSBC aims to shift $20 billion worth of assets to a new blockchain-based custody platform by March, in one of...
Hong Kong’s FWD to Buy HSBC’s Stake in Malaysia Insurance Joint Venture: Sources August 28, 2018 By Sumeet Chatterjee and Liz Lee Hong Kong-based insurer FWD Group has agreed to buy HSBC Holdings Plc’s stake in a Malaysian insurance joint venture as...
China’s Ping An Insurance Now Second Largest Shareholder in Britain’s HSBC Bank December 7, 2017 By Jennifer Hughes HSBC has a three-year head start on its foreign investment banking rivals in China because of the British bank’s unique...
Allianz Sets Its Sights on Asia-Pacific’s ‘Growth Engine’ June 21, 2017 By Oliver Suess Allianz SE, the German insurer that stemmed outflows at U.S. asset manager PIMCO, is now trying to bulk up on...
Update: AXA’s Chairman & CEO De Castries to Retire Early; Buberl Named CEO March 21, 2016 By Fabio Benedetti-Valentini and David Whitehouse AXA SA Chairman and Chief Executive Officer Henri de Castries is leaving earlier than expected, handing over the post of...
HSBC to Pay Mass. Homeowners $2.7M Over Force-Placed Insurance Practices February 19, 2016 Massachusetts Attorney General Maura Healey said national mortgage lender and servicer HSBC has agreed to pay $4 million to resolve...
HSBC to Cut Up to 50,000 Jobs; Targets Growth of Asia Insurance Business June 9, 2015 By Lawrence White and Steve Slater HSBC pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs...
JPMorgan Hackers May Have Hit Multiple Financial Firms October 9, 2014 By Jordan Robertson and Michael Riley The hackers who raided the data banks of JPMorgan Chase & Co. used computers now linked to possible attacks on...
Big Banks Win Dismissal of Most LIBOR Rate Rigging Claims March 31, 2013 By Carrick Mollenkamp and Nate Raymond The world’s biggest banks won a major victory on Friday when a U.S. judge dismissed a “substantial portion” of the...
HSBC to Pay Record $1.9 Billion U.S. Fine to Settle Money Laundering Case December 11, 2012 By Brett Wolf and Carrick Mollenkamp HSBC Holdings Plc has agreed to pay $1.92 billion to settle a multi-year U.S. criminal probe into money-laundering lapses at...