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Delaying action on climate change will hurt growth: Global CEOs

 Advocating the need for meaningful "global action" to deal with climate change, honchos of 78 corporates, including from India, today said delaying action would damage growth prospects in the years......

HSBC set to cut thousands of jobs globally

 An estimated 10,000 to 20,000 jobs will be axed, according to a media report HSBC Holdings Plc could announce thousands of job cuts at a strategy day next week, Sky News reported on Monday, part of......

France imposes 1 billion euro bail on HSBC; begins formal probe

 Under probe for allegedly helping Indians and others evade taxes through its Swiss banking unit, global giant HSBC has been placed under "formal criminal investigation" and asked to furnish a......

Swiss prosecutor searches HSBC premises, opens criminal inquiry

 Geneva's public prosecutor searched the premises of HSBC Holdings PLC in Geneva on Wednesday and said it had opened a criminal inquiry into allegations of aggravated money laundering. "A search is......

HSBC admits Swiss bank failings over client taxes

 HSBC's Swiss bank routinely allowed clients to withdraw “bricks” of cash British bank HSBC Holdings Plc admitted on Sunday failings by its Swiss subsidiary, in response to media reports......

Uruguay's star footballer Forlan among HSBC's Swiss account holders

 Uruguayan soccer player Diego Forlan on Monday denied evading taxes by hiding money in Swiss accounts with the British bank HSBC Holdings PLC. Forlan was among a list of rock stars, Hollywood......

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