The Zupta decade: Governments and global corporates, banks and consultants must stop enabling money laundering
Shareholder engagement on climate-crisis risks is an proving effective tactic to bring about change
As well as paying €294.4-million as a criminal fine, the bank will also hand over 400,000 euros in civil damages to the Belgian state.
Monday’s surprise news came shortly before HSBC reported first-half net profit up 18.6% at $8.5-billion from a year earlier.
Trump warned of "additional tariffs" should Beijing hit back with tit-for-tat measures
It appears US banks lost $1-billion when they loaned to the tycoon who used his Steinhoff shares as collateral
Investigative journalists leaked info from Swiss Bank HSBC about eight Botswana residents holding Swiss accounts that may not have been declared.
New regulations will require investors to bear the risk of South African bank failures.
Standard Bank, Goldman Sachs, HSBC and BASF Metals are the four companies accused of manipulating the price of platinum.
The platinum strike, rising inflation and other factors have contributed to a "bleak outlook for consumer spending", according to a new report.
A research paper has raised the possibility that banks have been working together to manipulate the London gold fix rate.
The commodity rallied as an ADP research institute report showed US companies added less jobs than was forecast.
The purchasing managers’ index has dropped to 50.5 for December, the weakest it has been in three months.
The rand was one of the worst performing major currencies as demand for China’s manufactured goods declined.
HSBC has launched South Africa’s first purchasing managers index that looks at the whole economy, and it revealed the country is growing.
South Africa’s purchasing managers’ index has risen above the critical mark of 50 in the fourth quarter following a strike-filled third quarter.
Global banking giant HSBC announced on Friday that it had scrapped talks with Old Mutual over the purchase of a majority holding in Nedbank.
Even if Old Mutual takes £1.5-billion offshore, the HSBC takeover will bring other benefits.
HSBC bank’s offer to buy a controlling stake in Nedbank was a vote of confidence in SA’s economic progress.
HSBC is in talks to buy up to 70% of Nedbank in a potential $6,8-billion deal that would give it a broader gateway to fast-growing Africa.
