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...“All data generated by Nuctech’s devices belongs to our customers only,” it added....
...“Our business and customer relationships remain strong....
...It said the new office “will help us deliver a world class experience for our employees, with office space that fosters connections between our teams and with our customers”....
...The Bank of England has fined HSBC £57.4mn for failing to correctly identify customer deposits eligible for protection under the UK’s Financial Services Compensation Scheme between 2015 and 2022....
...The Bank of England has fined HSBC £57.4mn for failing to protect billions of deposits for hundreds of customers in a “serious” compliance breach that lasted for seven years....
...HSBC was fined £57.4mn on Tuesday for failing to identify billions of pounds worth of deposits held by hundreds of its customers who were eligible for protection under the UK’s Financial Services Compensation...
...Benjamin Toms, an analyst at RBC, described the launch as a long-term “defensive” move designed to attract a younger generation of customers and convert them to other HSBC products....
...quarter in the first three months of the year, Brussels raided the offices of a Chinese security equipment supplier, and earnings from Boeing reflected a slowdown of 737 Max production and compensation to customers...
...For new customers the equivalent rates are 4.22 per cent and 3.84 per cent respectively....
...HSBC, on the other hand, is already offering fee-free transfers to existing customers though its Global Money account....
...— A teen’s fatal plunge into the London underworld (New Yorker) — “Fake Chinese income” mortgages fuel Toronto Real Estate Bubble: HSBC Bank Leaks (The Bureau) — Pods, Passive Flows, and Punters (Albert...
...With higher rates, the bank has made more money by lending out customer deposits....
...The business comprises $3.6bn in assets and deposits as well as wealth customers across 11 large Chinese cities....
...HSBC said almost two-thirds of closures related to either customers’ financial viability or dormant accounts, with only 34 per cent connected to concerns about financial crime, such as money laundering....
...“Lower deliveries can be difficult for our customers and our financials. But safety and quality must and will come above all else.”...
...HSBC, one of the world’s largest banks with $3tn of total assets and $1.6tn of customer deposits, has been a big winner from higher interest rates, which have helped it earn more on the difference between...
...economic drivers in the two central European countries have helped make their currencies “one of the most actively traded relative value currency pairs”, said Murat Toprak, a foreign exchange strategist at HSBC...
...The fintech group said on Tuesday that Bhatia, who previously led the digital bank for HSBC’s retail banking and wealth management business in the UK and Europe, would take over from interim chief executive...
...“Airlines are super important customers to the airport and we should treat them accordingly,” Woldbye said....
...Yet in the grand scheme of things, Russian businesses are not huge customers for Chinese firms, showing just how imbalanced the pair’s trade relation is....
...HSBC has previously been caught up in tensions between China and the west....
...The extra time would make it easier for banks to contact customers, police and other relevant parties in relation to suspicious payments....
...China brokered last March’s restoration of diplomatic relations between Iran and Saudi Arabia after a seven-year dispute....
...Solidatus’ clients currently include banks Citi and HSBC, which are also investors in the group. It has begun to expand outside Europe, opening a US base in 2022....
...“Sephora is very impressive in terms of sales,” said Erwan Rambourg, global head of consumer and retail research at HSBC....
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