Regulators have confirmed a compensation fund of £1.3bn for up to seven million victims of another insurance mis-selling scandal. The announcement, which was made 12 hours after Sky News was handed details of the Financial Conduct Authority’s agreement with banks , outlined how Card Protection Plan Limited (CPP) and 13 […]
Tag: HSBC
UBS profit beats forecasts despite U.S. mortgage suit settlement
UBS’s second-quarter profit beat forecasts even though it agreed to settle a lawsuit with the U.S. housing regulator over the mis-selling of mortgage-backed bonds, boosting shares in Switzerland’s largest bank to two-year highs. A number of European banks – including Deutsche Bank, Barclays, Credit Suisse, HSBC and Royal Bank of […]
Argentine agency says it found fraudulent transactions by HSBC
Argentina’s tax agency said on Monday it has uncovered 392 million pesos (50.9 million pounds) in fraudulent transactions by HSBC (LSE: HSBA.L – news) and said it has asked the judicial system to probe the European bank for alleged tax evasion and money laundering. HSBC , Europe’s largest bank, was […]
