HSBC

HSBC Holdings plc is a British multinational investment bank and financial services holding company. It was the 7th largest bank in the world by 2018, and the largest in Europe, with total assets of US$2.558 trillion.

Source: hsbc.com

Stenn Collapses Over FinTech’s Possible Ties to Money Launderers
Stenn Collapses Over FinTech’s Possible Ties to Money Launderers
December 16, 2024  |  AML

U.K. FinTech Stenn has reportedly collapsed over possible ties to a Russian money laundering scheme. The company was placed into administration — a type of insolvency procedure...

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HSBC Australia Sued for ‘Widespread’ Anti-Fraud Failings
HSBC Australia Sued for ‘Widespread’ Anti-Fraud Failings
December 16, 2024  |  Bank Regulation

Banking giant HSBC is facing a lawsuit in Australia over alleged fraud-prevention failures. The Australian Securities and Investments Commission (ASIC) announced Monday (Dec. 16) that...

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Report: HSBC to Scale Back Retail Banking in Mexico, Malaysia and Indonesia
Report: HSBC to Scale Back Retail Banking in Mexico, Malaysia and Indonesia
December 13, 2024  |  Banking

HSBC is reportedly considering scaling back its retail banking operations in Mexico, Malaysia, Indonesia and some other countries. The bank is considering focusing only on...

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HSBC Launches Platform for Managing Domestic and International Business Payments
HSBC Launches Platform for Managing Domestic and International Business Payments
November 26, 2024  |  B2B Payments

HSBC has launched a platform for managing domestic and international business payments. The new Smart Transact provides a single platform that lets businesses manage their...

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HSBC Makes Managers Vie for Jobs Amid CEO Streamlining
HSBC Makes Managers Vie for Jobs Amid CEO Streamlining
November 18, 2024  |  Banking

HSBC reportedly wants hundreds of managers to reapply for jobs at the bank’s new division. Interviews for positions at HSBC’s corporate and institutional banking (CIB) arm...

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HSBC Restructuring Includes New Leadership, Strategic Approaches
HSBC Restructuring Includes New Leadership, Strategic Approaches
October 22, 2024  |  Banking

HSBC is calling it a simplified organization structure. But a press release issued Tuesday (Oct. 22), indicates the banking group is making big changes being...

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HSBC Cutting Top Managers in $300 Million Savings Plan
HSBC Cutting Top Managers in $300 Million Savings Plan
October 10, 2024  |  Banking

Management ranks at banking giant HSBC could soon begin to thin. The Financial Times (FT) reported Thursday (Oct. 10) that sources familiar with the matter say new CEO Georges...

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This Week in B2B: Unlocking Working Capital With Cards and Automation
This Week in B2B: Unlocking Working Capital With Cards and Automation
October 03, 2024  |  B2B Payments

It’s the dawn of a new era in B2B. New technologies are simplifying workflows, streamlining buyer-supplier transactions, and improving transparency — and the technical lift...

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OpenAI Liquidity Reaches $10 Billion With New Credit Facility
OpenAI Liquidity Reaches $10 Billion With New Credit Facility
October 03, 2024  |  artificial intelligence

The world’s biggest companies can’t seem to stop giving OpenAI money. One day after securing $6.6 billion in new funding from an array of tech...

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