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Stock Market & Financial Investment News

News Breaks
January 21, 2014
08:15 EDTHSBCRegulators still finding problems with HSBC over money laundering, Reuters says
The U.S. Office of the Comptroller of the Currency is still finding weaknesses in the way HSBC Holdings tries to prevent money laundering, sources say, even though the bank paid about $2B in penalties and invested millions more to increase its compliance, reports Reuters. Reference Link
News For HSBC From The Last 14 Days
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August 11, 2014
07:22 EDTHSBCHSBC will not follow Barclays in rolling private bank into retail biz, FT says
HSBC (HSBC) CEO Stuart Gulliver has pledged to retain his group’s private bank as a standalone division and will not go the way of rival Barclays’ (BCS), which combined its private banking operation into its retail division in May, said Financial Times. Reference Link

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