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JPMorgan to pay US$100 mln to settle US forex rigging suit

... roup Inc, HSBC Holdings Plc. (00005.HK), Morgan Stanley, Royal Bank of Scotland Group Plc and UBS AG. According to the lawsuit, the 12 banks held an 84 percent global market share in currency trading, ...More

EJ Insight2015-01-06

Why companies should support LGBT community

“Embracing diversity is simply good for business.”  HSBC group chief executive officer Stuart Gulliver spoke those words in support of the LGBT community. (LGBT refers to lesbians, gays, bisexuals and ...More

EJ Insight2014-12-19

Time for HK investors to show more love for local firms

Forget HSBC Holdings (00005.HK), Hong Kong and China Gas Co. (00003.HK), Hong Kong and Shanghai Hotels (00045.HK) and other Hong Kong blue chips. Almost all of the stocks have underperformed their mai ...More

EJ Insight2014-12-18

Moody's to bankers: Don't be too greedy

... Barclays, HSBC and Royal Bank of Scotland would end up with the world’s toughest prescriptions on pay if British reforms, such as a seven-year deferral period, were adopted as planned. Bank of America ...More

EJ Insight2014-12-09

Hong Kong firms get red-carpet Qianhai welcome

... s, led by HSBC and Standard Chartered Bank, prepared to move in on Sunday. They will be the first tenants in the 15-square-kilometer enclave designed to promote innovation in the service industry. Hon ...More

EJ Insight2014-12-05

HSBC unit cancels bitcoin account

Hongkong and Shanghai Banking Corp., a unit of HSBC Holdings Plc. (00005.HK), has decided to cancel a bitcoin account over money laundering concerns, the Hong Kong Economic Journal reported Wednesday. ...More

EJ Insight2014-12-03

HK urged to boost links with Guangdong for world-class economy

... ing giant HSBC Holding Plc (00005.HK) said. "Hong Kong will be responsible for creating financial products and providing financial services for the development of and investment in Guangdong province, ...More

EJ Insight2014-12-01

Weakness in Chinese manufacturing continues

... e private HSBC/Markit gauge touched a six-month low, data released Monday showed. “Investment in property and manufacturing remains weak, so the government is the only one spending,” Macquarie Group e ...More

EJ Insight2014-12-01

Argentina charges HSBC with aiding tax evasion

Argentina has charged HSBC with aiding more than 4,000 clients to evade taxes by stashing their money in secret Swiss bank accounts, Reuters reported, citing the country's AFIP tax authority. The agen ...More

EJ Insight2014-11-28

HSBC, Goldman accused of rigging metal prices for years

Goldman Sachs Group Inc. and HSBC Holdings Plc conspired for eight years to manipulate platinum and palladium prices, according to a class-action lawsuit filed in New York. Standard Bank Group Ltd. an ...More

EJ Insight2014-11-27

US prosecutors probing possible HSBC leak to hedge fund

The US Justice Department is investigating whether an employee of HSBC Holdings Plc leaked confidential client information to a major hedge fund, the Wall Street Journal reported, citing unnamed sourc ...More

EJ Insight2014-11-26

Singapore still best place to do business: Survey

... st month, HSBC named Singapore the best expatriate destination after Switzerland. A survey by the bank found 86 per cent of respondents felt Singapore was “a safer place to raise a child than their ho ...More

EJ Insight2014-11-21

Chinese food brands need makeover

... second to HSBC while Parknshop is in third position. McDonald’s Hong Kong was in hot water in July this year after it became entangled in a scandal involving expired meat products. It found itself in ...More

EJ Insight2014-11-18

Why through train hasn't brought much south-bound capital

... 3.HK) and HSBC Holdings Plc. (00005.HK) were able to capture the interest of mainland investors. Exchange rate is another key factor as mainland investors have to buy and sell Hong Kong dollars to joi ...More

EJ Insight2014-11-18

HSBC charged with tax fraud, money laundering

Belgian authorities have charged HSBC's private banking arm, based in Switzerland, with helping wealthy Belgians avoid taxes. Prosecutors said the bank helped more than 1,000 clients, including diamon ...More

EJ Insight2014-11-18

A communication lesson from HK protest gridlock

... s Head at HSBC in Asia. -- Contact us at [email protected] RC ...More

EJ Insight2014-11-17

US soldiers sue HSBC, StanChart over attacks in Iraq

A group of US soldiers filed a lawsuit against HSBC Holdings, Standard Chartered and four other banks, accusing them of helping Iran process billions of dollars in transfers and finance terrorists who ...More

EJ Insight2014-11-11

Proposed rules could end taxpayer bailouts of big banks

... Sachs and HSBC to have a buffer of bonds or equity equivalent to at least 16 percent to 20 percent of their risk-weighted assets, such as loans, from January 2019. The buffer would include the minimum ...More

EJ Insight2014-11-11

Is there more to controversial comments by HSBC big guns?

Gone are the days when HSBC, along with the Jockey Club, ruled Hong Kong, or so the saying goes. Still, the bank continues to wield considerable influence on Hong Kong affairs. So, when Laura Cha, a ...More

EJ Insight2014-11-04

HK dollar seen losing global clout as renminbi rises

The Hong Kong dollar’s global impact may diminish amid the growing use of the renminbi in global payments, according to HSBC's Asia-Pacific chief executive Peter Wong Tung-shun. “The community should ...More

EJ Insight2014-10-31

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