Posts Tagged ‘shanghai banking corporation’

HSBC to cut 25,000 to 30,000 jobs

Britain-based Hong Kong and Shanghai Banking Corporation will cut about 10 percent of its total workforce by the end of 2013. The announcement made on Monday means that 25,000 to 30,000 HSBC employees will be laid off. View full post on Banking Stories

HSBC to cut 25,000 to 30,000 jobs

Britain-based Hong Kong and Shanghai Banking Corporation will cut about 10 percent of its total workforce by the end of 2013. The announcement made on Monday means that 25,000 to 30,000 HSBC employees will be laid off. View full post on Banking Stories

HSBC suspends retail banking in Russia

Hong Kong and Shanghai Banking Corporation pulled out of retail banking on Monday from Russia. Instead of engaging in retail banking, HSBC said it will focus on making available global lending services to industrial and corporation clients. View full post on Banking Stories

U.S. IRS seeks court order to force HSBC to disclose names of Indian-American depositors

The U.S. Internal Revenue Service asked a California federal judge Thursday for a court order to mandate Hong Kong and Shanghai Banking Corporation to disclose the names of wealthy Indian-American depositors who are suspected of tax evasion. The IRS believes that the suspects opened offshore accounts through HSBC’s affiliate in India. View full post on […]

U.S. banks start charging $5 fee to use ATMs

Some U.S. banks have started to increase their ATM fees, according to report. Among them are JP Morgan Chase and Hong Kong and Shanghai Banking Corporation USA. View full post on Banking Stories

France Gives Ottawa List of Canadians Who Hold Secret Swiss Bank Accounts

French investigators have handed over to the Canada Revenue Agency the details of about 1,800 Swiss bank accounts owned by Canadians. The accounts are among those discovered by French authorities who investigated clients of the Hong Kong and Shanghai Banking Corporation (HSBC). View full post on Banking Stories