HSBC
Top HSBC manager ‘arrested in New York’
A senior HSBC executive has reportedly been arrested in New York for his alleged role in a conspiracy to rig international currency markets. Mark Johnson, HSBC's global head of foreign exchange cash trading in London, was arrested at John F. Kennedy International airport on Tuesday, according to media reports. It comes more...
HSBC first-quarter profit falls 14%
Banking giant HSBC has reported a 14% drop in profits for the first quarter following "extreme levels of volatility" in financial markets at the start of the year. Profit before tax came in at $6.1bn (£4.17bn) for the three months to March, down from $7.1bn a year ago. However, analysts had expected a far...
HSBC stops sending contactless cards as ‘older people’ are ‘BAFFLED’ by the technology
HSBC BANK has reportedly stopped sending out contactless cards because they are too confusing for older people. Some elderly customers have been left baffled by the ‘tap and go’ cards which allow instant purchases on anything up to the value of £30. In some cases, customers have been charged on them when...