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
A wealthy investor in Virginia pleaded guilty on Tuesday to criminal tax evasion involving an international bank, said by a person briefed on the case to be HSBC, one of the world’s largest private banks.
Standard and Poor's revised their credit outlook on Citigroup and Bank of America to Negative from Stable. Traders noting that Standard and Poor's is attempting to remove the Too Big To Fail premium that has been enjoyed by these large banks, which has been a major help to their credit ratings.
Last year investors just had to buy the "cheapest, nastiest stocks" around and watch them rally in the "dash to trash," but this year requires a more measured approach, Karen Olney, strategist from UBS, told CNBC Monday.
In the aftermath of the financial crisis, how are the brand values of the world’s major banks holding up? The latest report from independent consulting firm Brand Finance sounds an optimistic note — especially for HSBC, which has retained the top spot for the third year in a row. David Haigh, CEO of Brand Finance, shared his findings with CNBC.
Global financial heavyweight HSBC Holdings is happy with its partnership with China's Bank of Communications, Group CEO Michael Geoghegan told CNBC Asia on Monday, saying the venture is the firm's core investment on the mainland for now.
They looked like hot stocks. So how are the traders playing HSBC, JPMorgan and more now that they’ve been burned.
There is no evidence to suggest that big is bad in the financial sector and regulators should not seek to break up the large banks, Bob Diamond, president of Barclays, told CNBC Wednesday.
Better Place, the closely watched start-up that hopes to create vast networks of charge spots to power electric cars, is set to receive a vote of confidence on Monday, in the form of $350 million in new venture capital.
After Alcoa kicked off earnings season with a miss, will profits and outlooks will be strong enough to extend the market's advance?
What investing theme does Cramer say is the "best" he's ever seen in his life? It's the mobile Internet theme, and it's the latest in his list of the most important investing themes of the year. The same theme he's been highlighting all week.
Following are the day’s biggest winners and losers. Find out why shares of Continental Airlines and Las Vegas Sands popped while DuPont and Visa dropped.
On Tuesday Google stole the technology spotlight with the debut of a new smartphone. Is it a game changer?
The S&P closed lower on Tuesday as negative developments in global credit markets rekindled interest in the dollar, which in turn took down the commodities trade.
The Fast Money traders are closely watching the action in the dollar and what it's doing to commodity stocks across the board.
And you thought the US sector was bad.
As global markets digest Dubai's debt announcement, investors are wondering: Is it time to dump equities? Don Bertrand, vice president of WealthTrust-Arizona, and Kelly Campbell, founder and principal of Campbell Wealth Management, offered their takes on the shifting market environment.
The fact that Dubai has been struggling under huge debts is not a surprise to anyone who has followed the Emirate’s economy over the last 10 years.
Cautiously optimistic comments from two British banks this morning: HSBC earnings were better than expected and the tone of the report was upbeat, with bad loans down. Barclays said it expects loan losses to peak in the first quarter of 2010.
Lloyds Banking Group inched closer to plugging a capital gap of more than 20 billion pounds ($33 billion), boosting the British bank's shares on prospects a deal could happen before the year end.
In the summer of 2008, two months before Lehman Brothers filed for bankruptcy, Richard S. Fuld Jr., the firm's chairman, was continuing his desperate efforts to find a lifeline. They had begun in March, shortly after the demise of Bear Stearns, when Mr. Fuld called the legendary investor Warren E. Buffett seeking a capital infusion, to no avail. Lehman had raised money elsewhere, but that didn't help for long, and its condition again was worsening.