If approved by the court, the settlement would mean investors have won USD 651.5 million in Euribor-rigging settlements with seven banks.
April 17, 2023Four major French banks and a foreign bank were targeted by simultaneous searches related to the so-called “Cum-Ex” tax scandal.
March 30, 2023HSBC was added to a list that will requires state governmental entities in Texas to divest from all of the bank's publicly traded securities within 360 days.
March 23, 2023The Bill provides FIs statutory protection from civil liability in respect of their disclosure of risk information on to COSMIC for the purposes of mitigating ML, TF and PF risks.
March 21, 2023The deal gives Credit Suisse shareholders shares in UBS worth just 40 percent of what their CS shares were worth on Friday.
March 20, 2023HSBC expects the deal to be profitable, strengthen its commercial banking franchise, and enhance its ability to serve innovative firms.
March 14, 2023Nine banks and three central banks participated in testing Swift's API-based CBDC connector across two blockchain networks and fiat-based payment systems.
March 10, 2023Toronto-Dominion Bank, HSBC Holdings, Independent Bank Group, Societe Generale and Trustmark Corp agreed to pay a combined USD 1.6 billion.
March 1, 2023Wells Fargo said regulators are investigating its compliance with records-retention requirements. HSBC said it is close to a settlement with regulators.
February 23, 2023The platform allows e-commerce businesses in Hong Kong to receive payments from overseas customers in six currencies within minutes.
February 14, 2023