Hints and tips:
...These are rebased MSCI net return indices, in dollars, for each country, and the MSCI USA and World indices....
...said Michael Ice, an associate professor of finance at the University of Rhode Island who worked for decades on Wall Street including at foreign groups such Rabobank, UBS and HSBC....
...He joins in London from HSBC, where he was a managing director of global banking....
...The move follows a trend of European banks such as HSBC and Deutsche Bank reducing their US presence after finding it difficult to compete with larger and better capitalised rivals....
...Mr Burke, 57, chief executive of HSBC USA since 2014, will retire in October and be replaced by an outsider, Michael Roberts, who previously led Citigroup’s global corporate bank....
...The London-headquartered bank said Patrick Burke, 57, who has worked for HSBC since 1989, would retire as chief executive of HSBC USA in October and be replaced by Michael Roberts, an executive who has worked...
...Shares in HSBC and Standard Chartered, which are based in London but focused on Asia, tumbled. Meanwhile, the pandemic looks certain to derail the turnround programme at Germany’s Deutsche Bank....
...So starting with HSBC....
...An attempt to acquire up to 30 per cent of Swiss Re, the reinsurance group. The question everyone is asking is, why?...
...In the US, T-Mobile USA has been transformed under his watch from a basket case to the fastest growing US network and now accounts for more than half of Deutsche Telekom’s overall value....
...Over the past few years, the OCC has also fined JPMorgan Chase and HSBC for failing to live up to the terms of past consent orders....
...HSBC in 2012 paid more than $1.9bn to US authorities for permitting the laundering of drug trafficking money....
...Dominik Klarmann, an analyst with HSBC, notes that the German company committed $10.5bn of funds to its US arm, well above the funding needs for the spectrum auction....
...The self-driving car venture exploits Baidu’s lead over Chinese competitors in artificial intelligence (AI), according to HSBC bank....
...First it sold its US life reinsurance business to France’s Scor. Then it sold Swiss private bank BSI to Brazil’s now troubled BTG Pactual....
...Mexican operations of global banks have attracted more scrutiny since HSBC had to pay $1.9bn to settle claims it laundered money for drug cartels....
...In 2013, $11m reflecting five contract payments was transferred from a bank account belonging to sports marketing group Traffic USA at Citibank in Miami, according to the indictment....
...In November, UBS, Citigroup, JPMorgan Chase, HSBC, Royal Bank of Scotland and Bank of America were fined more than $4bn in the forex rate-rigging scandal....
...The second-largest US bank by assets followed rivals including Citigroup, JPMorgan Chase and HSBC in taking big legal charges ahead of settlements in the UK and US expected soon....
...Google wallet will be preinstalled later this year on Android phones sold by AT&T, T-Mobile USA and Verizon Wireless, which backed Softcard....
...The Swiss lender is one of a group of banks including Barclays, Citigroup, HSBC, JPMorgan and Royal Bank of Scotland that are set to announce an agreement of at least £1.5bn on Wednesday to settle forex...
...The tally of the fines, agreed in separate settlements with UBS, Citi, JPMorgan Chase, HSBC, Royal Bank of Scotland and Bank of America, is already close to the $6bn paid so far over the long-running Libor...
...AEGON USA, and DZ Bank did not respond to requests for comment. Sealink, which has been party to similar suits in the past, could not be reached....
...The HSBC Asian Local Bond Index, for example, includes onshore RMB dominated bonds, but not at the Chinese market’s full weighing....
...Santander was one of three foreign banks to draw objections from the Fed in this year’s exercise, along with Royal Bank of Scotland and HSBC....
International Edition