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HSBC

HSBC agrees to 300 mln euro settlement of Belgian tax fraud case: prosecutors

HSBC agrees to 300 mln euro settlement of Belgian tax fraud case: prosecutors
BRUSSELS (Reuters) - HSBC’s (HSBA.L) Swiss private banking arm has agreed to pay nearly 300 million euros ($336 million) to settle a tax fraud case in Belgium, Belgian prosecutors said on Tuesday, the latest blow for the Alpine state’s banking sector from the ...

HSBC sued for £150m in relation to Disney tax avoidance scheme

HSBC sued for £150m in relation to Disney tax avoidance scheme
HSBC Private Bank is being sued for £150m by over 400 investors in connection with a film financing scheme that purported to invest money in Disney blockbusters for tax benefits.Investors, including ex-Manchester United manager Sir Alex Ferguson and ex-England...

South African central bank fines HSBC for lax money laundering controls

South African central bank fines HSBC for lax money laundering controls
Nov 9 (Reuters) - South Africa’s central bank on Friday fined HSBC’s local business 15 million rand ($1.1 million) for weaknesses in its processes meant to detect money laundering and terrorism financing, and ordered the bank to fix the problems. The ...

HSBC to pay $765m over toxic bond sales in run-up to financial crisis

HSBC to pay $765m over toxic bond sales in run-up to financial crisis
RBS and Barclays settled for $4.9bn and $2bn respectively with the US justice department.Europe’s biggest bank, HSBC, has reached a $765m (£591m) settlement with the US Department of Justice to end an investigation into the sale of mortgage-backed ...

$7 Billion Hasn’t Moved The Needle on Financial Crime: Gadfly

$7 Billion Hasn’t Moved The Needle on Financial Crime: Gadfly
Europe’s banks are eager to show that the money they’ve splurged on bolstering their compliance departments is paying off: HSBC Holdings Plc’s reporting of a suspicious transaction helped Angola recover $500 million linked to an alleged fraud involving the son...

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Who's behind the blog

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