The case refers to HSBC’s 2012 admission of laundering hundreds of millions of dollars’ worth of drug money for the Colombian and Mexican drug cartels, which came to a close after a deferred prosecution agreement wherein HSBC agreed to put… Read More ›
HSBC
Saudi Arabia looking to diversify its economy through the Saudi Aramco IPO
Championed by Saudi’s Mohammed bin Salman, the Deputy Crown Prince, the world’s biggest IPO is expected to be valued to at least $2 trillion. Saudi Aramco has selected Morgan Stanley, JPMorgan Chase & Co and HSBC Holdings Plc as its… Read More ›
Paris charms London’s bankers looking to relocate following Brexit
Although French labour and tax laws are certainly a consideration, what the bankers will also have to factor in, in their decisions for relocation is Parisian charm and finesses after all “When was the last time you took your partner… Read More ›
Goldman Sachs settle class action lawsuit with $56.5 million
The lawsuit involves several leading banks which have conspired to rig rate benchmarks, commodities and securities prices. The remaining defendants in the lawsuit are HSBC Holdings Plc, BNP Paribas SA Morgan Stanley, UBS AG, ICAP, Wells Fargo & Co and… Read More ›