HSBC News

Four Big Banks Fined $132M for Sharing UK Bond Market Information

Britain’s competition regulator has fined, HSBC, Morgan Stanley and Royal Bank of Canada a combined 104.5 million pounds ($132.4 million) for exchanging sensitive information about U.K. government bonds. The Competition and Markets Authority (CMA) said on Friday that it had …

HSBC Appeals Decision Reinstating Female Banker’s Discrimination Claim

HSBC on Thursday appealed a tribunal’s decision to reinstate a female, senior investment banker’s lawsuit that alleges the bank victimized and discriminated against her when it did not hire her for a senior sales position in 2018. Carmen Chevalier-Firescu, 41, …

HSBC, Wells Fargo Settle Forced Property Insurance Lawsuits

HSBC Holdings Plc and Wells Fargo & Co. agreed to settle lawsuits by mortgage holders who alleged they were forced to pay for property insurance at inflated rates. HSBC will pay as much as $32 million to resolve the claims, …