The former chief executive has been reported to Sweden’s economic-crime prosecutor over alleged market abuse, the FT reports.» Read More
HSBC's plans to accelerate its investments in Asia is a move back to basics, which will be welcomed by investors, says Nick Nelson, head of European Equity Strategy at UBS.
With plans like the sale of Brazil and Turkey units widely expected, the announcement won't move HSBC's stock significantly, says King Lip, chief strategist at Baker Avenue Asset Management.
With HSBC's announcement being "pretty much expected" thus far, King Lip, chief strategist at Baker Avenue Asset Management, hopes the bank can discuss more about its money-losing U.S. division.
Cyrus Daruwala, managing director, Asia Pacific at IDC Financial Insights, says HSBC will likely "take the safe route" at Tuesday's strategy meeting.
Jim Antos, bank analyst at Mizuho Securities Asia, says traders expecting dramatic announcements from HSBC's update on late Tuesday may be disappointed.
JPMorgan Chase officials have not done enough to show how well the company is run, Chairman and CEO Jamie Dimon said on Wednesday.
Qatar losing the right to host the FIFA World Cup is “within the realm of possibility,” Citi bank has said, with Wednesday’s arrests “bearish” for the Arab emirate’s banks.
U.S. legal authorities said they have the jurisdiction to go after some FIFA officials for corruption charges.
Policymakers must ensure that creditors must be willing to let firms fail in order to restore discipline, a top Fed official said.
Philippe Bodereau, MD and global head of financial research at PIMCO, says stress tests on the European banking system will show the sector is "fit to survive".
Jean Tirole, 2014 economics Nobel Prize laureate and professor at the Toulouse School of Economics, says he is a "big fan" of the EU's banking union plans, which will make the sector more competitive.
Russia's top bank Sberbank said it had launched a legal challenge in the European Court of Justice over Western sanctions imposed on the bank.
Roberto Henriques, head of financials credit research at JPMorgan, discusses why the upcoming European bank stress tests are more credible than previous iterations.
David Marshall, Senior Analyst for Asia-Pacific Financials at CreditSights, expects Chinese lenders to see rising non-performing loans and provision charges as the slowdown affects credit quality.
Bank customers can expect a flurry of thick mail as credit companies rush to get chip cards into their hands ahead of the holiday season.
The Federal Reserve says its capital surcharges for the biggest banks will be tougher than globally agreed rules.
Morgan Stanley has agreed to pay $95 million to resolve a suit accusing it of misleading investors in mortgage-backed securities.
Charles Plosser continued his push for the U.S. central bank to change its language on interest rate policy to reflect an improving economy.
Benoit de Broissia, portfolio manager at KNL Richelieu, says there seems to be a "direct correlation" between BNP Paribas's dollar transactions and the size of its fine.
Morgan Stanley is opening the social media door for its brokers by allowing them to post self-authored content on firm-approved Twitter accounts.