LONDON, Feb 23 (Reuters) - HSBC Holdings Plc has set aside $550 million more to cover potential fines for alleged manipulation of foreign exchange markets and warned it could face a $500 million bill to compensate U.S. customers sold debt protection products. HSBC said in its annual report
Read moreLONDON, Feb 23 (Reuters) - Chairmen and non-executive directors of insurance companies will be included in Britain's new regime to make top financial officials accountable for their actions, the Bank of England announced on Monday. Britain is finalising a new Senior Persons Regime to make i
Read moreAn uncertain outlook at HSBC is likely to keep the market cautious about the global lender, according to Hargreaves Lansdown Stockbrokers, after 2014 results on Monday came in below forecasts. "Disappointing numbers and a cautious outlook from HSBC resulted in some strong negative pressure on its sh
Read moreAfter briefly testing an all-time high on the back of Greece's bailout extension, the FTSE 100 quickly reversed into the red on Monday morning on the back of disappointing results from banking heavyweight HSBC. HSBC's shares were down as much as 5% early on after the global lender reported a drop in
Read more** HSBC shares down nearly 6 pct and are poised for their worst day in more than 3 years following underwhelming 2014 results ** Stock the worst performer across the STOXX 600 as well as among European banks ** Profits miss forecasts which had already been trimmed over the past month
Read moreLONDON, Feb 23 (Reuters) - HSBC Holdings Plc apologised and said it deeply regretted past conduct and compliance failures at its Swiss private bank as it reported a 17 percent drop in annual profit on Monday. Europe's biggest bank said recent disclosures about past practices and behaviour
Read moreHSBC has reported a 17% drop in pre-tax annual profit to $18.68bn, after the lender was hit by fines for its involvement in the foreign exchange rigging scandal. The bank's profits missed the $21.5bn that was estimated by analysts following $3.7bn in fines, settlements, UK customer redress and assoc
Read moreHONG KONG, Feb 23 (Reuters) - Hong Kong shares ended little changed on Monday, with gains in Tencent Holdings offsetting weakness in casino operators and oil firms and as most investors stuck to the sidelines awaiting major corporate earnings later in the week. The Hang Seng index edged up
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