HSBC
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.
HSBC sells stakes in two Indian banks
HSBC Holdings, the London-based banking giant, has sold stakes in two Indian banks for around $425m.
Middle East | 7 Jun 12
hsbc oman and oib merger completes
The merger of HSBC Oman and Oman International Bank (OIB) to form HSBC Bank Oman has been officially approved and began its operations on Monday this week.
United Kingdom | 7 Jun 12
Guernsey banking deposits fall 10
The value of banking deposits in Guernsey are more than 10% less than they were at the end of the first quarter of last year, according to figures released today.