SEOUL/HONG KONG (Reuters) - It's early days, but speculation is already building that HSBC <HSBA.L><0005.HK> may participate in the auction for a $3.9 billion stake in Korea Exchange Bank <004940.KS>, South Korea's sixth-largest lender. Domestic lender Kookmin and fourth-ranked Hana Financial Group ...
A Swiss unit of global banking giant HSBC revealed Thursday that details on 24,000 bank customers may have been leaked in a major security breach that has helped fuel pressure on Switzerland over tax evasion. Alexandre Zeller, chief executive of HSBC Private ...
HSBC says data on Swiss bank accounts of 24,000 customers stolen, exposing them to tax probes Information on 24,000 HSBC customers with Swiss accounts has been stolen, the British bank said Thursday, potentially exposing large numbers of international clients to prosecution by ...
LONDON/GENEVA (Reuters) - HSBC <HSBA.L>, Europe's biggest bank, said a theft of data by a former employee affected up to 24,000 Swiss client accounts, dealing a hefty blow to the reputation of its private bank. Switzerland's financial regulator FINMA was investigating the ...
Some 24,000 customers may have been affected by the theft of data from a Swiss branch of banking giant HSBC three years ago, Alexandre Zeller, chief executive of HSBC Private Bank, said on Thursday. HSBC Private Bank (Switzerland) said 9,000 of them ...
The debt-ridden Dubai World conglomerate is outlining proposals to restructure 22 billion dollars of its debt to leading creditors, The National daily reported Tuesday. Dubai World's chief restructuring officer Aidan Birkett met with the Hongkong Shanghai Banking Corporation (HSBC) in London Monday ...
LUXEMBOURG/ZURICH (Reuters) -A court ruling on Thursday is likely to mean UBS avoids direct compensation claims from investors who lost money to fraudster Bernard Madoff in a fund the Swiss bank had set up, and may save HSBC from similar suits. The ...
Shares in HSBC plunged on the Hong Kong Stock Exchange on Tuesday, after the banking titan reported disappointing results for 2009. Shares in the heavyweight fell 6.35 percent to 81.15 Hong Kong dollars at around 0245 GMT, dragging the benchmark Hang Seng ...
Shares in HSBC plunged on the Hong Kong Stock Exchange Tuesday, after the banking titan reported disappointing results for 2009. Shares in the heavyweight fell 6.35 percent to 81.15 Hong Kong dollars at around 0245 GMT, dragging the benchmark Hang Seng Index ...
The head of global banking titan HSBC pledged to donate his bonus to charity on Monday amid an outcry over bankers' pay in Britain, as the Asia-focused group announced rising annual net profits. HSBC, which received no state bailouts unlike other rival ...
