EC regulators say that 13 investment banks, the International Swaps and Derivatives Association (Isda) and Markit breached antitrust rules by colluding to prevent exchanges from entering the credit derivatives business.
Loomis' Turkish subsidiary has signed a three-year agreement with HSBC Turkey for cash handling services across Turkey.
Vasco Data Security International, Inc., a leading software security company specializing in authentication products, announces that HSBC Bank Brazil, a subsidiary of HSBC Holdings, one of the largest financial conglomerates in the world, deployed the Digipass for Mobile technology for an enhanced group of retail and corporate customers, while expanding the offered online and mobile services.
Chase has topped Forrester Research's mobile banking rankings, with Spain's la Caixa proving Europe's top dog and HSBC trailing badly at the bottom of the table.
HSBC has implemented an innovative RMB cross-border payments and collections solution for a Fortune 500 company in China.
The UK banking sector is gearing up for the introduction of an industry-wide mobile payments service next spring, with eight major institutions committed to the launch.
HSBC China is the first foreign bank to obtain approval from the State Administration of Foreign Exchange (SAFE) to implement a foreign currency netting solution for the trade of goods in China; this has been obtained for a multinational Korean customer.
HSBC's Global Payments and Cash Management (PCM) business welcomes back Rani Gu to lead its Financial Institutions Group (FIG) team in China. Based in Shanghai, Rani will report locally to Kee Joo Wong, Head of PCM in China.
HSBC has confirmed that it will join the Royal Bank of Scotland in refunding customers who have forgotten to take their cash from ATMs.
HSBC and Intel are the first foreign bank and foreign company that have been approved to establish an automated, cross-border, sweeping structure in China.
© Finextra Research 2015