Gold Sluggish amid China Factory Activity Shrinks
Gold prices were little changed on Thursday, hovering around US$1,650 an ounce, as investors weighed a recent…
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HSBC
HSBC Canada Shuts Consumer Finance Business, Cutting 500 Jobs
The Canadian arm of HSBC Bank will wind down its consumer finance business and lay off about 500 employees after…
8 US Banks Are Fined For Foreclosure Violations
The Federal Reserve said Monday that it plans to fine eight additional U.S. bank holding companies for improperly…
UK Launches New Small Firm Loan Scheme
Chancellor George Osborne launches his much-vaunted 20 billion pound credit easing scheme to help small companies…
30 Lucky Winners in HSBC Debit Card Cash Prize Campaign
HSBC Bank Egypt recently announced the winners of its “HSBC Debit Card Cash Prize Campaign”. 30 lucky customers…
HSBC Issues Almarai First Sukuk for SR1bn
HSBC announced that it has helped arrange the first ever Sukuk program in Saudi Arabia. The program was set up for…
Capital One to sell $1.25 billion of shares
Capital One Financial Corp (COF.N) said it would sell $1.25 billion of its common stock to pay for a portion of its…
HSBC: Egypt Amid 20 Largest Economies By 2025
Andrew Long, head of HSBC's operations in Egypt, talked about the strength of HSBC in the 80 countries where the…
U.K. Treasury imposes Varied Rates on Banks
The U.K. Treasury plans to charge British banks at different rates under a loan guarantee plan to be announced as…
Capital One Buys HSBC’s U.S. Credit Unit
Bank regulators approved Capital One Financials acquisition of HSBC's $30 billion U.S. credit card business, the…
