Citigroup agrees to sell its UK and Ireland Diners Club operation
US financial services company Citigroup Inc (NYSE:C) said on Monday it had inked a deal to dispose of its Diners club card issuing operation in the UK and Ireland to…
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HSBC sells ship brokerage and consultancy arm to management
British banking and financial services group HSBC Holdings plc (LON:HSBA) said its fully-owned unit HSBC Bank plc would shed ship broking and consultancy services provider HSBC Shipping Services Limited to…
British banking giant HSBC continues asset disposals
British banking group HSBC Holdings Plc (LON:HSBA) said today it is selling its entire Hungarian unit, HSBC Credit Zrt, to local venture capital firm Central-Fund Kockazati Tokealap without disclosing the…
HSBC reports profit growth for first half, makes $2bn provision for compensation and US matters
HSBC Holdings plc (LSE:HSBA), the bank's parent company, said that it had generated pre-tax profit of USD12.7bn in the six months to the end of June, up from USD11.5bn a…
HSBC disposes of its take in Asian card processing venture for $242m
British banking group HSBC Holdings Plc (LON:HSBA) said on Friday that it had reached a deal to dispose of its 44% interest in a card processing joint venture in the…
Necessary Family Income Risen 16% Above Inflation
Since the beginning of the recession the earnings the average family needs to maintain a minimum lifestyle has risen 16% above inflation, claims a recent report. The research, recently published…
Increase in UK government borrowing for June
Borrowing by the UK government increased by more than expected in June 2012 as the economy remained weak, official figures revealed today. Estimates from the Office for National Statistics (ONS)…
Rate-rigging investigation gathers pace in Europe
Investigations into the attempted manipulation of benchmark interest rates are focusing on four European banks, the Financial Times reported today. It's claimed that evidence of links to the scandal at…
Kepler in exclusive talks to acquire Credit Agricole Cheuvreux
The corporate and investment banking unit of French lender Credit Agricole SA (EPA:ACA) has entered into exclusive talks to sell its Credit Agricole Cheuvreux (CA Cheuvreux) subsidiary to local financial…
British banking giant HSBC used to launder Mexican drug money
UK's largest bank HSBC was used to launder Mexican drug money, according to a new report by the Senate Permanent Subcommittee on Investigations, a Congressional watchdog responsible for investigating financial…
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