Lawsuit accuses 22 banks of manipulating US Treasury auctions

Last Updated: Friday, July 24, 2015, 09:14

Primary dealers are the banks authorized to transact directly with the Federal Reserve who are big players in Treasury bond auctions and act as market makers in the secondary market.

India overtakes China in high-end phone volume growth

Last Updated: Thursday, July 9, 2015, 21:57

India has pipped China to drive the volume growth of smartphones in the world on the back of falling prices of high-end devices and growing adoption of 3G services, according to an HSBC report.

Dip in stalled projects, new investment projects yet to pick-up

Last Updated: Sunday, July 5, 2015, 11:44

However, new projects are "proving to be as stubborn as anemic bank credit" and the number of such projects fell to its lowest level in a year during the April-June quarter.

HSBC ends sponsorship of key emerging market indexes

Last Updated: Friday, June 26, 2015, 23:32

Banking giant HSBC has ended its five-year sponsorship of a closely watched series of business activity surveys, financial research group Markit, which compiles the data, said Friday.

HSBC ends sponsorship of key emerging market indexes

Last Updated: Friday, June 26, 2015, 20:52

Banking giant HSBC has ended its five-year sponsorship of a closely watched series of business activity surveys, financial research group Markit, which compiles the data, said Friday.

China manufacturing activity contracts in June

Last Updated: Tuesday, June 23, 2015, 08:33

The bank`s preliminary Purchasing Managers` Index (PMI) came in at 49.6 in June, the highest in three months but still below the breakeven point of 50, HSBC said in a statement.

HSBC sees significant rise in corporate mobile banking

Last Updated: Sunday, June 21, 2015, 15:50

Corporates are increasingly using mobile banking, according to HSBC, and it expects global payments through its mobile banking platform to touch USD 100 billion in the next 18 months.

HSBC, JPMorgan may move parts of businesses to Luxembourg: Report

Last Updated: Tuesday, June 16, 2015, 13:00

The banks are also considering the tougher rules imposed by the European Union for conducting business outside of the eurozone, the Times said.

Canara HSBC OBC Life Insurance appoints Anuj Mathur as CEO

Last Updated: Wednesday, June 10, 2015, 16:54

The company is a joint venture between Canara Bank, Oriental Bank of Commerce and HSBC Insurance (Asia Pacific) Holdings.

Job cut to have minimum impact on India: HSBC

Last Updated: Tuesday, June 9, 2015, 20:14

Even though British lender HSBC Tuesday announced a mega plan to improve performance by culling up to 25,000 jobs globally, the impact of the global exercise is expected to be minimal for its operations here and some surprise benefits may also come in.

European stocks slide with all eyes on Greece

Last Updated: Tuesday, June 9, 2015, 17:08

Europe`s main stock markets fell Tuesday as investors tracked the latest news flow on stalled Greek debt talks, while HSBC bank slid on revelations of a radical overhaul.

HSBC to cut up to 50,000 jobs, slash investment bank

Last Updated: Tuesday, June 9, 2015, 11:27

HSBC will cut almost 50,000 jobs from its payroll, take an axe to its investment bank and shrink its risk weighted assets by $290 billion in an effort to improve its sluggish performance, Europe`s biggest bank said on Tuesday.