Hints and tips:
...Aviva Investors, Fidelity International and HSBC Asset Management are among those leading the push to influence technology businesses to commit to ethical AI....
...However, it will take two years or more to fully wind down its stock of deposits, mortgages, credit cards and small-business loans....
...Since the beginning of October, Maga Inc, a newly created Trump super Pac, has spent $8.5mn on ads in Ohio, Pennsylvania, Georgia, Nevada and Arizona....
...He joins in London from HSBC, where he was a managing director of global banking....
...“Yet [regulators] seem reluctant to regulate or intervene to supervise these key service providers directly.”...
...A money-laundering scandal earlier in the decade, culminating in $1.9bn of fines in 2012, as well as smaller run-ins with the authorities in foreign-exchange trading and mortgages, kept the team focused...
...HSBC has had a chequered history in the US, owing in large part to its disastrous acquisition of subprime lender Household in 2003; after the US mortgage bubble burst in 2008, the bank wrote off more than...
...to services for retirees....
...The former mortgage trader has warned that many financial services companies were too complacent about the threat of disruptive technology and new entrants....
...HSBC, which already has a big French operation, is moving as many as 1,000 jobs there from London....
...With assets of $2.6tn and more than a quarter of a million staff, only China’s Big Four lender and HSBC are larger....
...It later emerged that Mr Stevenson had been approached to take over as chief financial officer at FTSE 100 rival HSBC....
...“We are not going to go back to where we were before,” says Kevin Logan, chief US economist at HSBC....
...US court told PwC cut corners in Colonial audit Control+C, Control+V....
...HSBC made an RoE of 17 per cent a decade ago; Goldman Sachs was making 25-30 per cent....
...Figures show that 124,615 current account switches were made in March using the seven-day transfer service, out of a total of 51m accounts in the UK....
...A survey of 20,000 customers for current accounts, credit cards, savings and mortgages, also put Barclays, Lloyds and HSBC in the bottom half of the ranking....
...HSBC and Wells Fargo are prohibited from acquiring new mortgage servicing rights, taking on new mortgage servicing contracts or new offshoring of mortgage service activity....
...The other members of the consortium are Bank of America Merrill Lynch, BlackRock, Citadel, Citigroup, HSBC, Jefferies, JPMorgan, Maverick Capital, Morgan Stanley and Wells Fargo....
...These include Asia-focused HSBC, which is threatening to flounce. Both the levy and the supertax are dumb....
...It has 5,500 members, including JPMorgan Chase, Citigroup, Wells Fargo and HSBC....
...HSBC’s brand value, for example, has slipped 11 per cent compared with last year, while Wells Fargo, a US retail bank, is up 9 per cent....
...Sep 2014: HSBC agrees to pay $550m to settle US government allegations that it mis-sold mortgage-backed securities in the run-up to the financial crisis....
...The biggest single hit of the year came in the US when Bank of America agreed in August to pay a record $16.65bn to resolve allegations that it misled investors in its mortgage-backed securities — a milestone...
...One person familiar with the matter said the chances had improved for a larger settlement with the Federal Reserve, the New York Department of Financial Services and, possibly, the Commodity Futures Trading...
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