HSBC
HSBC GAM launches Asian high income product
HSBC GAM has launched a new product called the Asia High Income Bond Fund, which is said to have a balanced approach between the firm’s existing Asian bond and high yield strategy.
HK regulator continues crackdown with ex-HSBC adviser ban
Hong Kong’s Securities and Futures Commission (SFC) has reprimanded, banned or taken action against 13 companies and individuals since the start of 2017, most recently banning a former HSBC adviser from re-entering the financial services sector for life.
EU hits banks with record €485m fine
JPMorgan Chase, HSBC and Crédit Agricole have been hit with fines totalling €485m (£409m, $521m) by the European Commission for rigging Euribor rates.
HSBC sees profits slide after shedding Brazil business
HSBC reported an 86% decline in Q3 profits having sold its Brazilian business, changed its credit spread, and faced a strengthening US dollar.
French prosecutor pursues HSBC in €180bn tax fraud case
A French prosecutor has called for HSBC to stand trial for helping clients hide more than €180bn (£161.3bn, $199.8bn) in offshore tax havens from the country’s tax authorities, French news agency AFP has reported.