Search Results for: HSBC Holdings Plc
After BNP, U.S. targets on more banks
July 1st, 2014
BNP Paribas’ guilty plea and agreement to pay nearly $9 billion for violating U.S. sanctions is part of a larger U.S. Justice Department shift in strategy that is expected to snare more major banks and other firms across the ...
Singapore to Require Banks to Hold Liquid Assets for Crises
June 25th, 2014
Banks in Singapore will soon be required to keep certain amounts of easy-to-sell assets on hand in the country to support themselves in times of stress. The new liquidity framework applies to lenders with a “significant retail presence” in ...
Yuan to Start Direct Trading With Pound from tomorrow
June 18th, 2014
China will allow the yuan to be exchanged directly for British pounds from tomorrow in Shanghai as the world’s second-largest economy promotes the use of its currency in global trade and finance. “This is an important step in strengthening ...
BNP Keeps Investors Guessing About U.S. Sanctions Penalty
June 16th, 2014
BNP Paribas SA (BNP) has given investors scant information about how much it expects to pay to settle a criminal probe of U.S. sanctions violations. The bank told shareholders at an annual meeting on May 14 that the settlement ...
Europe Bankers Cringe at Rising U.S. Fines Amid BNP Probe
June 12th, 2014
HSBC Holdings Plc (HSBA) Chairman Douglas Flint had some advice for bank executives meeting in London last week: Read up on how the U.S. uses financial warfare against its enemies in a foreign-policy shift that’s entangling lenders. Since HSBC ...
Yen Rebounds as Most Asia Stocks Drop With Oil Before ECB
June 5th, 2014
Japan’s yen rebounded from a one-month low while Euro Stoxx 50 Index futures were little changed before a European Central Bank monetary-policy announcement. Most Asian stocks retreated with oil, and platinum dropped amid talks to end a South African ...
Singapore follows China With Dangerous Debt Level
June 4th, 2014
Singapore companies’ indebtedness has swelled to the most in Asia after China and India as the city-state’s economic growth slows, according to GMT Research Ltd. Leverage among the Southeast Asian nation’s corporates is following counterparts in the two larger ...
BNP Fine Puts Pressure on Hollande to Act
June 2nd, 2014
A potential $10 billion U.S. penalty against France’s largest bank BNP Paribas SA (BNP) for its alleged dealings with Iran and other sanctioned nations, is stirring outrage in the country. It is putting pressure on President Francois Hollande, who hosts ...
Credit Agricole Said to Accuse EU of Bias in Euribor Case
May 28th, 2014
Credit Agricole SA (ACA), which refused to settle an antitrust probe over Euribor manipulation, accused European Union regulators of bias and said they should step down from the case, according to two people with knowledge of a letter the ...
Dear Investors: China’s Problems Are Your Problems
May 27th, 2014
I have long argued that it will take a sizable shock to switch the current “risk on” investment climate to one of “risk off.” The robust U.S. stock market persists even though the housing recovery has stagnated, labor markets ...
