R3 trials blockchain fixed income trading with 40 banks LeapRate

March 03, 2016 BY Mike Fox

R3 trials blockchain fixed income trading with 40 banks

The trial marked an unprecedented scale of institutional collaboration between the financial and technology communities exploring how distributed ledgers can be applied to global financial markets. Just released is a major blockchain announcement from financial technology innovation company R3 CEV. In short, they connected 40 banks to five different blockchains and allowed them to facilitate…

October 28, 2015 BY Mike Fox

Mizuho, Nordea and UniCredit join R3 distributed ledger and new banking technology consortium

Consortium to develop new technology for global financial markets now comprises 25 banks.

July 07, 2015 BY Mike Fox

Global banks, service providers and market infrastructures create new hub for end-to-end margin processing

Goal is to facilitate compliance with new margin regulations for non-cleared derivatives effective in 2016.

July 07, 2015 BY Andrew Saks-McLeod

The wrong kind of execution! HSBC fires six staff for making mock ISIS video

Six HSBC staff have been fired from their positions following antics at a team building event in Birmingham, UK, during which they staged a spoof ISIS video and posted it on social media sites

April 15, 2015 BY Andrew Saks-McLeod

HSBC director Rona Fairhead clings on for another year despite calls to quit over incompetence allegations

"You should think about resigning. If not, the Government should sack you" - Margaret Hodge MP

March 31, 2015 BY Mike Fox

Bank of America, Citi Bank, HSBC may set up offshore branches in India's new IFC GIFT City

Bank of America, Citi Bank and HSBC are interested in setting up offshore branches in India’s first international financial services centre (IFC) in Gujarat. AK Jha, CEO of the forthcoming GIFT City in India’s north was quoted as conveying to the Economic Times of India. "All Indian banks that have offshore branches are willing to…

February 25, 2015 BY Andrew Saks-McLeod

HSBC CEO Stuart Gulliver to appear before government committee today on tax allegations

HSBC CEO Stuart Gilliver will give evidence today alongside HSBC Chairman Douglas Flint with regard to allegations by Briitsh authorities that he has been party to tax avoidance by having a Swiss bank account routed via Panama to hide bonuses from colleagues in Hong Kong

February 24, 2015 BY Andrew Saks-McLeod

HSBC sees $5 billion wiped off its stock market value following statement in annual report on further FX fixing fines

Following HSBC's annual report which stated that profits were lower than expected and that the bank expects further regulatory scrutiny from global authorities resulting in its setting aside $550 million in case of penalties for FX rate manipulation, shares in HSBC fell 4.5%, removing $5 billion from its stock market value

February 23, 2015 BY Andrew Saks-McLeod

HSBC sets aside another $550 million for more impending FX manipulation fines

HSBC has today released its annual report, which shows a further $550 million having been set aside for potential settlement of further penalties relating to FX benchmark manipulation, the report stating that investigations between the UK, US and other jurisdictions are ongoing

February 19, 2015 BY Andrew Saks-McLeod

Guest Editorial: Pro-HSBC media a 'fraud on readers'

Paul Orford takes a look at the media coverage of the allegations against HSBC, in that Peter Oborne claimed that the Daily Telegraph's management had deliberately supressed stories in order to retain a valuable advertising account. Mr. Oborne outlined that one former Telegraph executive told him HSBC was “the advertiser you literally cannot afford to offend.”

Tag: HSBC