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YOU spend 38 years at a mighty global bank, the last seven as chief executive. As boss you clean up a stinking mess, the legacy of ill-conceived acquisitions and shoddy practice. You shell out billions in fines and legal costs. You shed businesses and cut jobs by a quarter. You build a solid capital base. […]
YOU spend 38 years at a mighty global bank, the last seven as chief executive. As boss you clean up a stinking mess, the legacy of ill-conceived acquisitions and shoddy practice. You shell out billions in fines and legal costs. You shed businesses and cut jobs by a quarter. You build a solid capital base. […]
Mike Segar/Reuters The Commodity Futures Trading Commission (CFTC) will reportedly fine UBS, HSBC, and Deutsche Bank millions of dollars each for “spoofing” and manipulation in the U.S. futures market. For the first time, the CFTC launched a multi-agency investigation with the Justice Department and the FBI. Spokesmen for HSBC, Deutsche Bank and UBS declined to […]
Flickr / Hakee Chang Commodity prices continue to rally and analysts are scrambling to upgrade their forecasts. Macquarie Bank did just that earlier this week, making significant upward revisions to its iron ore and coal forecasts for the years ahead. And now HSBC has followed suit, noting that China’s demand for commodities continues to surprise to […]
Thomson Reuters HONG KONG/LONDON (Reuters) – HSBC Holdings on Monday said profit rose 5% in the first half of the year, as Europe’s biggest bank reduced operational costs and increased income in its core markets of Britain and Hong Kong. Pre-tax profit reached $ 10.2 billion in the six months through June, from $ 9.7 billion […]
In the UK at least, Samsung is awfully late to the mobile payments party. Samsung Pay launched last month well behind Apple Pay and Google’s Android Pay, and almost two years after its debut in South Korea. To make matters worse, it was only available to customers who bank with MBNA, Nationwide and Santander. Today, […]
See story here. NOW WATCH: A financial planner explains why starting a new job is the best time to negotiate salary Feedburner
AP Photo/Vincent Yu HSBC Holdings Plc is lining up Mark Tucker, currently chief executive of insurer AIA Group Ltd, to be the next chairman of Europe’s biggest bank, sources with direct knowledge of the matter said on Sunday. Regulators in Hong Kong and London have signalled they will approve the appointment, one of the sources […]
BRITISH Gas will pay out £9.5million after tens of thousands of business customers were left with delayed and inaccurate bills. Daily Express :: City and Business Feed
BRITISH Gas will pay out £9.5million after tens of thousands of business customers were left with delayed and inaccurate bills. Daily Express :: Finance Feed
