Last Updated: Tuesday, June 9, 2015, 10:04
HSBC also set its new target for return on equity at greater than 10 percent by 2017, down from its previous target of 12-15 percent by 2016.
Last Updated: Sunday, June 7, 2015, 11:05
The potential for equity outflows has increased, with foreign positions looking "stretched" in India, said the global brokerage.
Last Updated: Thursday, June 4, 2015, 23:04
Swiss prosecutors Thursday closed an investigation into allegations British banking giant HSBC's Geneva branch helped clients evade millions of dollars in taxes, after the bank agreed to pay tens of millions in compensation.
Last Updated: Tuesday, June 2, 2015, 07:12
HSBC Holdings Plc was on Monday ordered to face three U.S. lawsuits accusing it of breaching its duties as a trustee overseeing residential mortgage-backed securities that suffered more than $34 billion of losses in the global financial crisis.
Last Updated: Tuesday, June 2, 2015, 07:05
HSBC Holdings Plc is planning to cut thousands of jobs globally and is set to make an announcement next week, Sky News reported on Monday, citing unidentified sources.
Last Updated: Friday, May 22, 2015, 23:44
A federal appeals court has awarded HSBC a new trial in a securities class action suit that ended with a USD 2.46 billion judgment against the company.
Last Updated: Thursday, May 21, 2015, 09:46
The flash HSBC/Markit Purchasing Managers` Index (PMI) fell to 49.1 in May, below the 50-point level that separates growth in activity from a contraction on a monthly basis.
Last Updated: Wednesday, May 20, 2015, 18:03
Foreign brokerage HSBC on Wednesday said the Reserve Bank will go for a 25 bps cut in repo rates in June 2 policy review but the El Nino impact may curtail the prospect of further cuts in the coming months.
Last Updated: Wednesday, May 20, 2015, 15:46
The Supreme Court constituted Special Investigation Team (SIT) on black money has received a new dossier on tax related business information on about 15 entities which have allegedly stashed illicit money abroad.
Last Updated: Tuesday, May 19, 2015, 18:31
The CAD in the first half of fiscal year 2014-2015 was 1.9 percent of GDP (USD 18 billion).
Last Updated: Tuesday, May 12, 2015, 22:35
Hang Seng Bank, a Hong Kong-based subsidiary of British banking giant HSBC, on Tuesday announced the sale of a 10 percent stake in China`s Industrial Bank in a transaction that could be worth $4.74 billion.
Last Updated: Friday, May 8, 2015, 12:45
Manufacturing and service sectors in India expanded at a faster pace last month than China, even as economic growth moderated overall in emerging markets, a survey said.
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