HSBC
hsbc sells pakistan arm
HSBC has agreed to sell its operations in Pakistan comprising 10 branches to the Asian country’s JS Bank Limited for an undisclosed sum.
hsbc merges multi-asset funds
HSBC Global Asset Management has merged three of its International Select Funds (ISF) into its Luxembourg-domiciled World Selection range.
occupy protesters in HK given 2 weeks
Protesters who have been occupying a plaza beneath HSBCs Hong Kong Central district headquarters have been given two weeks to respond to a lawsuit seeking to be allowed to oust them.
People Moves | 12 Jul 12
Senior HSBC director Sandy Flockhart to retire
Sandy Flockhart, the former chairman of HSBCs operations in Europe, the Middle East and Africa, is to retire as a non-executive director of HSBC Holdings plc and from his position as chairman of HSBC Bank plc on 31 July 2012.
Tax & Regulation | 5 Jul 12
uk millionaire with Swiss account is first
A UK taxpayer is to pay some £830,000 in back tax, fines and costs to the UK tax authorities after being found guilty of using an undisclosed HSBC account in Switzerland to hide his money, in HM Revenue & Customs’ first successful prosecution to be based on information obtained from HSBCs Geneva branch in 2010.