A 16-month investigation by the International Consortium of Investigative Journalists has found HSBC, Canada’s largest international bank, has handled at least $4.4 billion in suspicious money, something it faced charges for previously. Source linkRead More
NEW DELHI: The Enforcement Directorate has frozen four HSBC bank accounts containing Rs 46.96 crore after it raided multiple premises of companies involved in running online Chinese betting apps, according to an official statement. It said the searches were carried out at 15 locations in Delhi, Gurgaon, Mumbai and Pune on Friday under various sections […]Read More
A recent survey by JLL suggests that home buyers are enticed by low mortgage rates and attractive finance schemes, but the slowing economy is resulting in deferred buying decisions. Synopsis According to a latest report by HSBC, Pune other than Bangalore is best placed for recovery. ET Intelligence Group: Pune based Kolte Patil developers and […]Read More
Beijing: London-based HSBC bank has denied Chinese media reports that it had “framed” telecom giant Huawei or “fabricated evidence” that led to the arrest of a top company official. Washington’s investigations into Huawei — for allegedly violating US sanctions on Iran — started before the bank’s involvement with the company in late 2016, the lender […]Read More
By Baiju Kalesh and Anto Antony Axis Bank Ltd., India’s third-largest private sector lender, has picked advisers including BNP Paribas SA and Credit Suisse Group AG to manage its proposed share sale, according to people familiar with the matter. The Mumbai-based lender has also chosen HSBC Holdings Plc and UBS Group AG for the offering, […]Read More
VANCOUVER: A top executive of Chinese tech giant Huawei is scheduled to learn Wednesday if a U.S extradition case against her can proceed. Canada arrested Meng Wanzhou, the daughter of Huawei’s founder, at Vancouver’s airport in late 2018. The U.S. wants her extradited to face fraud charges. Her arrest infuriated Beijing, which sees her case […]Read More
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