An IT problem at HSBC has affected some 275,000 Bacs payments and left thousands of customers without their monthly salaries just before a bank holiday.
Rich people use the internet, too. HSBC is blaming the rise in online banking for its decision to shut down a branch in Poole that caters only to wealthy customers.
HSBC has been mandated as the sole offshore RMB concentration bank for LME Clear, the clearing house for the London Metal Exchange (LME) market.
HSBC chairman Douglas Flint has called for a public policy debate on the ownership and use of consumer transactional data, as rapid technological change enables banks to assimilate and store vast amounts of personal financial information.
Unfashionable HSBC has (just for once) confounded its many critics today with a solid set of Q2 2015 results alongside a welcome $5.2bn sale of its Brazilian business.
HSBC has appointed Eddie Norton as Head of Payments and Cash Management
(PCM) for Europe.
US authorities are questioning a host of global banks over their role in handling bribes to executives of football's global governing body Fifa, and the effectiveness of their anti-money laundering systems.
FXSpotStream LLC, a wholly owned subsidiary of LiquidityMatch LLC, today announced the launch of a new Graphical User Interface (GUI).
The UK launch of Apple Pay seems to have caught some of the country's biggest banks by surprise with only Nationwide, NatWest, Royal Bank of Scotland, Ulster Bank and Santander ready on day one.
HSBC is to shed 50,000 jobs globally in a major restructuring that is intended to save the bank $5 billion per annum by 2017.
© Finextra Research 2015