Argentina's central bank on Tuesday ordered HSBC Argentina to name a new president and vice president within 24 hours, accusing the bank of failing to establish necessary controls to prevent tax evasion and money laundering.» Read More
Three European banks have revealed capital-raising plans before the results of stress tests were due to be made public, the FT reports.
HSBC’s closely-watched emerging market index indicates that manufacturing growth will slow sharply following a record first quarter.
If you have to run your business by checking to see what Congress is doing everyday, it’s “virtually impossible,” CEO Jeff Lane.
HSBC's chairman Stephen Green has no plans to step down, said Michael Geoghegan, the bank's Chief Executive on CNBC Monday.
Will yet another bailout breathe new life into the global bull? The Fast Money traders have their doubts.
Since the first widely accepted plastic charge card was issued in 1958 by American Express, the use of credit cards has skyrocketed. Check out the world's top 10 credit card issuers.
The non-profit Carbon Disclosure Project is calling on companies to measure and publicly report their “water footprint.” Already 137 financial institutions, representing over $16 trillion worth of assets, have joined this march towards water use transparency.
Investment bankers have begun to develop ways in which banks might be able to circumvent the most punitive of the new capital rules being drawn up by international regulators.
Stocks pulled off a gain Tuesday after a see-saw session as techs and industrials gained, while energy and bank stocks were weak.
Stocks advanced Tuesday after a jump in consumer confidence and encouraging read on housing. Tech and telecom were the big trading story amid news that Apple's working on an iPhone that works on the Verizon network.
U.S. stock index futures poionted to a modest gain at the open on big news in the smartphone industry and ahead of reports on housing and consumer confidence.
Recently, Global Finance Magazine released its rankings for the best emerging market banks, which is based on a survey of industry analysts, corporate executives and banking consultants. The criteria for "best" bank includes growth in assets, profitability, strategic relationships, customer service, competitive pricing and innovative products.
HSBC will take part in Bank of Communications' (BoCom) upcoming rights issue and is keen to increase its shareholding in the Chinese lender when regulations allow, said Michael Geoghegan, group chief executive & chairman of HSBC.
In the world of stock analysis, fundamental and technical analysis are on completely opposite sides of the spectrum.
Stocks ended higher Monday, led by technology stocks after an encouraging report on chip sales. Intel and HP led the Dow. GE and JPMorgan were at the bottom of the pack.
In this uncertain market, hesitant investors should resist the urge to pull money off the table and instead buy into high-dividend stocks, high-yielding corporate bonds and commodities, said Joseph Poon, head of Macquarie Private Wealth Asia.
Stocks advanced Monday as prospects for a resolution to the Greek debt crisis somewhat brightened and AIG agreeing to sell its Asian business to UK insurer Prudential.
Stocks held minor gains Monday, after reports showed that consumer spending stayed even but US manufacturing grew in February. What's ahead for markets? Phil Dow, director of equity strategy at RBC Wealth Management, and Alan Lancz, president of Alan B. Lancz & Associates, offered their insights to CNBC.
US stock index futures pointed to a higher open for Wall Street Monday as prospects for a resolution to the Greek debt crisis somewhat brightened and AIG agreeing to sell its Asian business to UK insurer Prudential.
The Greek government's second bond auction of the year will be one of the key drivers of global markets over the coming days. While no date is yet set, Athens must raise significant funds via bond sales or face the prospect of default.