HSBC

724 results about this entity

Period: 17 May 2007 - 01 Aug 2025

Lloyds TSB, Barclays and HSBC extend UK cheque processing outsourcing deals

Lloyds TSB, Barclays and HSBC have signed five year outsourcing contract extensions worth a total of £315 million with the UK cheque and payments processing joint venture they jointly own with IT firm Unisys.

Transaction bankers embrace co-operation

The future of transaction banking lies in greater collaboration between banks and a greater adoption of outsourcing. This was the main point delivered at a keynote debate at this Sibos, the annual user conference of banking co-operative Swift.

Dealers to accelerate central clearing of OTC trades

Under pressure from regulators, 15 of Wall Street's biggest banks have committed to significantly increase the use of central counterparties to clear over-the-counter (OTC) derivatives.

Which? criticises online banking security

UK consumer group Which? has accused Abbey and Halifax of employing poor online security measures, leaving customers vulnerable to fraud.

HSBC stocks ATMs with £5 notes in BoE pilot

HSBC has begun stocking 100 UK cash machines with £5 notes as part of a Bank of England (BoE) trial designed to boost their numbers.

SmartPool to add mid-cap securities

SmartPool, the European exchange-led dark pool for block trading set up by Nyse Euronext, BNP Paribas, HSBC and JPMorgan, is moving into pan-European mid-cap securities.

Data compression firm files patent infringement suits against banks and exchanges

A US firm specialising in data compression has filed lawsuits against a host of investment banks, stock exchanges and financial news and data outfits, accusing them of patent infringement.

FSA fines HSBC units £3.2m for losing customer data

The Financial Services Authority has hit HSBC with fines totalling £3.2 million for security failings at three units that led to the loss of sensitive customer data, putting thousands at risk of identity theft.

SmartPool signs up members

SmartPool, the European exchange-led dark pool for block trading set up by Nyse Euronext, BNP Paribas, HSBC and JPMorgan says 14 investment firms have now signed up to the platform.

Global Payments acquires remaining 49% stake in HSBC Merchant Services JV

US transaction processor Global Payments has acquired the remaining 49% interest in its merchant services joint venture in the United Kingdom from HSBC Bank for $307.7 million in cash.

Bank teller corruption link to multi-million dollar NY cheque fraud scam

New York prosecutors have indicted 18 people for operating an identity theft and bank fraud scheme that saw counterfeit cheques used to steal at least $1.4 million from hundreds of victims.

LCH.Clearnet looks to deal with bidding consortium

LCH.Clearnet has responded to last week's EUR830 million offer from a consortium of banks and Icap by indicating its willingness to interweave elements of the bid with its own restructuring plans. Meanwhile, the clearing house is also set to restructure its technology platform in a bid to save millions of euros a year.