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By Liam Vaughan |
April 14, 2013
Banks are leaving the panel that sets ISDAFix, the benchmark for the $379 trillion swaps market, as regulators probe suspected manipulation.
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By Alanna Byrne |
February 15, 2013
A wrap-up of new products and services from around the industry
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By Michael McFarlin |
January 21, 2013
Edelman recently released their annual Trust Barometer report, and for the third year in a row banks and financial services placed in the bottom two spots. In contrast, technology is the most trusted industry.
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By Michael McFarlin |
January 18, 2013
Comedy Central's Stephen Colbert recently discussed HSBC's admission to laundering money and violating international banking sanctions. One thing that has become clear is that not only are these mega-banks too-big-to-fail, but they also are too-big-to-prosecute.
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By Jesse Hamilton, Bloomberg |
January 18, 2013
HSBC Holdings Inc. has signed a $249 million accord to settle claims of improper U.S. foreclosures, joining 12 other mortgage servicers in a deal that now exceeds $9 billion, according to banking regulators.
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By Ginger Szala |
December 11, 2012
The $1.9 billion settlement between the U.S. government and HSBC proves one thing: No one can keep big banks in check.
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By Howard Mustoe, Bloomberg |
December 11, 2012
HSBC Holdings Plc, Europe’s largest bank, agreed to pay $1.92 billion to settle U.S. probes of money laundering in the largest such accord ever.
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By Howard Mustoe and Gavin Finch, Bloomberg |
November 5, 2012
HSBC Holdings Plc said it’s likely to face criminal charges from U.S. anti-money laundering probes and the cost of a settlement may “significantly” exceed the $1.5 billion the bank has set aside.
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By Ginger Szala |
October 1, 2012
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By Ginger Szala |
September 26, 2012
August volume for CME Group compared to the same period last year was down by 40%. That’s not a statistic that sits well with an industry that has grown, almost non-stop, for a few decades.
