LONDON (Reuters) - Customers of HSBC, Nationwide and Virgin Money suffered outages to their online banking services on Friday, in the latest such disruption to plague an industry which increasingly relies on such digital access as it closes physical branches. Thousands of HSBC cust...
Streamlining tube fare repayments in London Article HSBC has signed an institution-wide Statement of Commitment to the FX Global Code ("the Code") which establishes a common set of guidelines to promote good practice in the Foreign Exchange market. ...
At the turn of nineteenth Century and twentieth Century, HSBC set up more lines in Philippines, Singapore, Sri Lanka, India and Malaysia. In the meantime, the bank also established branches in London, Lyon, Hamburg and other places. In the United States, France and Germany, HSBC has been ...
capital markets and risk management services to high-net-worth individuals and families. The Corporate Centre segment involves in central treasury, including balance sheet management, other legacy businesses, interests in associates and joint ventures, central stewardship costs and the UK bank levy. The...
1 For clients of HSBC Continental Europe and HSBC Continental Europe branches, this publication is distributed by HSBC Continental Europe. HSBC Continental Europe is an « Etablissement de crédit et prestataire de services d’investissement» authorized by the « Autorité de Contrôle Prudentiel...
Within a few years, however, branches in mainland China were forced to close, owing to civil war and political and economic change. To counter these limitations, the bank began expanding its operations beyond China; it established the Hongkong and Shanghai Banking Corporation of California as a ...
Meanwhile, as all of this occurred, the bank's compliance unit was seriously understaffed, with only one to four staff members on hand to scrutinize alerts from branches related to suspect wire transfers. This lax oversight led to multiple violations, including breaches of theBank Secrecy Actand...
retail branches, a strong personal customer base and a business banking capability through a UK-wide network of 44 Financial Solutions Centres. Yorkshire Bank is a trading name of Clydesdale Bank, a subsidiary of the National Australia Bank Group of companies. Yorkshire Bank joined the Group in ...
As geopolitical tensions have escalated between the US and China, HSBC has had to walk a tightrope in its relations with China on the one hand and Washington and London on the other. The lenders’ travails reveal a core challenge for multinational firms operating in China: the market is vita...
Looking ahead, 2024 is likely to be another eventful year. The slowing of inflation in the second half of 2023 means that monetary tightening now appears to be coming to an end. However, current inflation levels in many economies remain above their targets. As central banks continue to try ...