HSBC has formed a Communist Party committee at its investment banking venture in China. British lawmakers are criticizing the bank. Palki Sharma tells you why the move is concerning.

Gravitas: HSBC installs Chinese Communist Party Committee

Lawyers fighting the extradition of Huawei's chief financial officer to the United States on Tuesday presented internal emails from British bank HSBC that they said disproved US claims that Huawei misled the bank.

Huawei CFO says HSBC emails disprove basis for US extradition claim

HSBC said on Monday that its Asia Pacific Chief Executive Officer (CEO) Peter Wong will retire effective immediately, and is to be replaced by David Liao and Surendra Rosha, who will jointly run the region.

HSBC says Asia Pacific CEO Peter Wong to retire

HSBC announced that it would sell parts of its business and shut down others in the US. The mass market withdrawing is from retail banking, a long-awaited move as the lender moves forward with a focus on its largest market, Asia.

World Business Watch: Europe's biggest bank HSBC shrinks its presence in US

Extinction Rebellion activists smash HSBC bank windows in London’s Canary Warf

HSBC has banned customers of its online share-trading platform from buying or moving into their accounts MicroStrategy Inc stock, a message seen by Reuters showed, calling it a "virtual currency product".

HSBC bans customers from buying bitcoin-backer MicroStrategy shares

Several global banks moved large sums of allegedly illicit funds -- to the tune of $2tn -- over a period of nearly two decades, despite red flags about the origins of the money, several media reports said on Monday (IST).

FinCEN documents show how global banks moved illicit funds despite red flags

Some banks and companies in Nepal are allegedly involved in transferring money obtained suspiciously from oversees, an investigation made by the Center for Investigative Journalism (CIJ), Nepal along with the International Consortium of Investigative Journalists (ICIJ) and BuzzFeed has revealed.

Nepal banks and companies helping China, Iran skirt US sanctions: FinCEN Files

HSBC said Monday profits for the first half of 2020 plunged by 69 percent on year as the banking giant was hammered by the coronavirus pandemic and spiralling China-US tensions.

HSBC profits hammered by pandemic and soaring US-China tensions

HSBC Holdings PLC warned its bad debt charges could blow past a previous estimate to $13 billion this year and said its profits more than halved, as the coronavirus pandemic hammered the bank's retail and corporate customers worldwide.

Fineprint: HSBC's net profit plunges 96 per cent

HSBC on Saturday denied Chinese media reports that it had "framed" Huawei Technologies and played a role in the arrest of the chief financial officer (CFO) of the world's biggest telecoms equipment maker.

HSBC denies Chinese media reports that it 'framed' Huawei

Asia-focused banking giant HSBC's vocal support for China's controversial Hong Kong security law has not been well received in Britain, the former ruler of the city.

HSBC slammed in UK for backing China's Hong Kong law

HSBC has announced plans to lay off 35,000 employees. As the global economy stares at a slowdown - more companies could be planning job cuts.

Gravitas: 2020: The year of job cuts?

HSBC Holdings PLC said on Tuesday it would shed $100 billion in assets, shrink its investment bank and revamp its US and European businesses in a drastic overhaul that will mean 35,000 jobs cut over three years.

HSBC to slash investment bank, 35,000 jobs in strategy overhaul

In a briefing received from the HSBC bank on Friday, the overnight services were said to be suspended at 19 ATM clusters cited in different areas of Hong Kong, two days after its branches and ATMs were vandalised and flamed during anti-government protests.

HSBC suspends overnight services at 19 ATM clusters in Hong Kong after branches vandalised

HSBC is being drawn into Hong Kong's political turmoil with protesters attacking some of its branches and graffiti daubed on the famous pair of lions that guard its city-centre headquarters.

HSBC begins year with Hong Kong branches closed, vandalised

US Justice Department said today that Switzerland's HSBC had "conspired with US account holders to conceal assets abroad and evade taxes" and had agreed to pay $192.

US government fines HSBC $192.4 million in tax evasion case

HSBC has named Georges Elhedery and Greg Guyett as co-heads of the global banking and markets division, which contains the lender's investment banking business. They replace Samir Assaf who will become chairman of corporate and institutional banking.

HSBC announces new heads of investment banking division

The Canadian attorney general has filed affidavits asserting that information identifying Huawei Chief Financial Officer Meng Wanzhou's electronic devices was not shared with the United States Federal Bureau of Investigation (FBI) during her December 2018 arrest in Vancouver, court documents showed on Thursday.

Canada denies sharing Huawei CFO Meng's devices details with FBI: Report

Reports claimed that HSBC to cut down up to 10,000 top-level jobs for cost-cutting. Watch this video to know more.

Reports: HSBC to cut down upto 10,000 top level jobs for cost-cutting

A technical glitch delayed the start of trading on Friday on the UK blue-chip FTSE 100 and midcap stock indexes for almost two hours in what was the longest outage at one of the world's top bourses in eight years.

London Stock Exchange, FTSE 100 suffers the longest outage in years

HSBC on Monday announced its Group Chief Executive John Flint had stepped down after less than two years on the job, as the banking giant revealed decent first-half profits but warned it faced "challenging" geopolitics.

HSBC CEO John Flint resigns as bank faces 'challenging' geopolitics

Reinsurance group Swiss Re has suspended plans for a 4.1 billion dollar initial public offering (IPO) of British life insurer ReAssure, which was set to start trading in London on Thursday, citing weak demand from institutional investors.

Swiss Re puts off $4 billion ReAssure IPO amid weak demand

Oil prices rose by around 1 per cent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook may soon weigh on growth in fuel demand.

Oil prices rise 1% amid OPEC supply cut

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