EU antitrust regulators fined six financial institutions including Deutsche Bank, Royal Bank of Scotland and Citigroup a record total of €1.71bn today for rigging financial benchmarks. The penalty is ...
* Realex Payments processes payments for over 12,500 online retailers * The company processes payments valued in excess of €24bn per annum * Clients include Vodafone, Aer Lingus, Virgin Atlantic, Paddy Power ...
Submitted by Michael Krieger of Liberty Blitzkrieg blog , The “Too Big Too Jail” nonsense that surrounds large U.S. banks and their above the law employees has been glaringly obvious and thoroughly documented for quite some time now. Yet what ... FULL ARTICLE AT Zero Hedge
Chinese stocks have closed down for the ninth consecutive session, the worst run since 1994, amid increasing fears of another cash crunch in the short-term money markets. The seven-day repurchase rate soared 100 bps to a six-month high of 7 ... FULL ARTICLE AT Seeking Alpha
By Georges Elhedery of HSBC
For centuries, the Middle East provided obvious trade hubs for merchants as they travelled between the east and the west. This pattern is being repeated now, as air travel in emerging markets takes off. The ... FULL ARTICLE AT Beyond BRICs
FXstreet.com (Bali) - According to Robert Lynch, FX Strategist at HSBC, any USD rally, particularly against emerging market currencies, will likely prove short-lived.Key QuotesAfter taper, if bond markets take the outcome of this meeting well, the USD will struggle ... FULL ARTICLE AT Investopedia
Financial Conduct Authority says banks might have mis-sold complex interest rate products to around 100,000 firmsThe £3bn loan swap scandal – where banks mis-sold complex interest rate products to small businesses – may have affected around 100,000 firms, twice ... FULL ARTICLE AT The Observer
FXstreet.com (Córdoba) - The FOMC said it would start to reduce its pace of quantitative easing (QE) asset purchases by USD10bn, to USD75bn, in January. According to the HSBC analyst team, further cuts of USD10bn at upcoming FOMC meetings can ... FULL ARTICLE AT Investopedia
A major U.S. bank has agreed to a settlement for transferring funds on the behalf of financiers for the militant group Hezbollah, the Treasury Department announced on Tuesday. Concluding that HSBC's actions "were not the result of willful ... FULL ARTICLE AT Huffington Post Business
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HSBC Holdings plc is a public limited company incorporated in England and Wales in 1990, and headquartered in London since 1993. As of 2009, it is both the world's largest banking group and the world's 6th largest company according to a composite measure by Forbes magazine. The group was founded from The Hongkong and Shanghai Banking Corporation based in Hong Kong, the acronym of which led to the... Full Article At Wikipedia.org