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Stock Market & Financial Investment News

News Breaks
January 22, 2014
07:41 EDTHSBCHSBC conducted probe after OCC letter last year, WSJ reports
The U.S. Office of the Comptroller of the Currency last fall raised questions about HSBC Holdings anti-money-laundering controls for its business with correspondent banks, sources say, reports the Wall Street Journal. Potential problem areas the OCC raised in a letter were later investigated internally by the bank and no serious issues were found, sources added. Reference Link
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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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