HSBC has criticised the US secretary of state, John Kerry, for asking European banks to do more business with Iran while Washington continues to restrict American financial firms from doing the same. The banks chief legal officer, Stuart Levey, said HSBC had no intention of doing any new business with Iran after a meeting in London on Thursday in ...

LONDON (AP) -- HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe. Europe's largest bank by market value will pay the biggest penalty ever imposed on a bank after facing accusations it transferred ...

[caption id="attachment_102723" align="alignright" width="270"] The signage of the HSBC bank is seen at a branch at Hayes in west London February 24, 2014.[/caption] (Reuters) - Iran is lobbying to get HSBC (HSBA.L) to process humanitarian trade transactions that Europe's biggest bank has frozen because of concerns about potential breaches of international ...

Dubai: HSBC is closing the accounts of Middle Eastern customers not only from Syria, but also from Sudan, Iran and other countries effective March 20,Gulf Newslearned on Sunday. The global banking giant confirmed that it is discontinuing the accounts of customers from countries that are subject to significant sanctions from the European Union,...

Europe's largest bank, HSBC, is accused of suspicious transactions with many countries including Iran, US Senate investigators have claimed in a report. A "pervasively polluted" culture at HSBC Holdings Plc allowed the bank to act as financier to clients seeking to route shadowy funds from the world's most dangerous and secretive corners, including ...