HSBC Holdings Share News (HSBA)

Apple to offer Apple Pay in UK in July, backed by banks, retailers

By Eric Auchard BERLIN, June 8 (Reuters) - Apple Inc plans to introduce its mobile payments service to the UK next month, supported by major banks and high-street retailers and the operator of the London Underground, the technology company said on Monday. Apple Pay will be available i

MEDIA-HSBC to highlight tax stability in HQ review - Sky News

-- Source link: (http://bit.ly/1MCuDCN) -- Note: Reuters has not verified this story and does not vouch for its accuracy

UK bank levy change would benefit StanChart the most, says SocGen

Commenting on a Sunday Times report that George Osborne is to lay the groundwork for a review of the bank levy, Societe Generale said that Standard Chartered was likely to be the biggest beneficiary. SocGen explained that the current method of calculation puts UK banks at a disadvantage when operati

Osborne to discuss review on bank levy in this week's mansion house speech

The Chancellor is set to this week outline the government's commitment to ensuring the ongoing "competitiveness" of banks. George Osborne is expected to on Wednesday use the annual Mansion House speech to pave the way for a review of the bank levy in a bid to prevent major lenders from moving their

Britain prepares to review bank tax to stop potential exodus -report

LONDON, June 7 (Reuters) - Britain is prepared to review a tax on banks to head off the threat that large multinational banks like HSBC could leave London's financial centre and shift their operations overseas, the Sunday Times reported, citing industry sources. Finance minister George Osbo

MEDIA-U.S. Justice Department readies new bank settlements - WSJ

-- Source link: (http://on.wsj.com/1H66oMW) -- Note: Reuters has not verified this story and does not vouch for its accuracy

UPDATE 2-HSBC to pay $43 mln Geneva money laundering settlement

* HSBC to pay 40 mln Sfr to settle Geneva probe * Payment for past organisational deficiencies at Swiss unit * One of a number of investigations facing Swiss private bank (Adds detail, comment from the Geneva prosecutor) By Joshua Franklin and Stephanie Nebehay ZURICH/GE

HSBC fined £27.8m in Swiss money-laundering probe

HSBC has been fined £27.8m by Swiss authorities over money-laundering claims related to the bank's Swiss division. The fine, the biggest ever imposed by the Geneva court, described the FSTE 100 group as guilty of "organisational deficiencies" which allowed money laundering to take place. The city's

UPDATE 2-Tesco hires HSBC to explore sale of $6 bln S.Korea arm-sources

* Tesco has had enquiries about S. Korea unit - sources * Private equity firms seen as keen on the business * Tesco S.Korea full-year EBITDA about $750 mln - source * Dunnhumby sale progressing with possible 1 bln stg price (Adds details, reaction) By Denny Thomas and Pr

Geneva prosecutor says HSBC settlement does not affect employees

GENEVA, June 4 (Reuters) - Geneva's prosecutor said on Thursday the settlement with HSBC over its Swiss private bank does not affect its employees. "The solution found concerns only criminal responsibility of the bank ... This closing of the affair absolutely does not affect former employee

PRESS: Swiss Prosecutor Drops HSBC Private Bank Probe - FT

HSBC to pay 40 mln Swiss francs in Geneva money laundering probe

ZURICH/GENEVA, June 4 (Reuters) - HSBC said on Thursday it had agreed to pay Geneva authorities 40 million Swiss francs ($43.02 million) to settle an investigation into allegations of aggravated money laundering at its Swiss private bank. The bank said in a statement that the payment was c

Tesco hires HSBC to explore sale of $6 bln S.Korea unit-sources

HONG KONG, June 4 (Reuters) - British retailer Tesco is exploring the sale of its South Korean operations, valued at about $6 billion, and has hired HSBC as the financial adviser, people familiar with the matter told Reuters on Thursday. The potential sale of Tesco's biggest operations out

Hong Kong c.bank official warns over anti-money laundering lapses

HONG KONG, June 4 (Reuters) - Hong Kong's banking regulator has said that banks in the city need to step-up anti-money laundering efforts, and has warned it would not hesitate to sanction lapses in detecting dirty money in the wake of the FIFA bribery scandal. Stewart Mcglynn, head of banki

INSIGHT-Banks wary of doing FIFA business in wake of bribery scandal

By Brett Wolf and Douwe Miedema ST. LOUIS/WASHINGTON, June 3 (Reuters) - The disclosure that some of the world's largest banks had been used as a conduit for bribes allegedly paid to soccer officials has prompted the banks to scrutinize their ties with FIFA, and could make it more difficult