Gareth Hewett News
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HSBC Holdings Plc, Europe’s biggest bank by assets, and Standard Chartered Plc fell in Hong Kong trading after Moody’s Investors Service said the turmoil in Cyprus may have negative implications for European bank ratings.
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UBS AG was sued for wrongful dismissal by two former traders in Singapore who claimed they were fired in a bid by the bank to cover up its role in allegedly manipulating key reference rates.
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Hong Kong’s Occupy Central protesters have vowed to remain at the ground floor of the HSBC Holdings Plc headquarters in the city after the bank applied to a court to evict them.
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HSBC Holdings Plc’s agreement to sell a $7.4 billion stake in Ping An Insurance (Group) Co., China’s second-largest insurer, to Thai billionaire Dhanin Chearavanont is set to expire tomorrow.
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Indonesia is counting on people like Nur Hanifah, a 50-year-old widow who sells plastic buckets and inflatable kiddie pools, to help it catch Malaysia, a country one-tenth the size that leads the world in Islamic finance.
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Occupy Central protesters in Hong Kong defied a 9 p.m. deadline last night to leave HSBC Holdings Plc’s Asian headquarters where they have spent more than 10 months demonstrating against income inequality.
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HSBC Holdings Plc’s proposed sale of its stake in Ping An Insurance (Group) Co. to Thai billionaire Dhanin Chearavanont is facing speculation that Chinese regulators may block the $9.4 billion deal.
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China’s insurance regulator is set to reject Charoen Pokphand Group’s proposed $9.4 billion purchase of HSBC Holding Plc’s stake in Ping An Insurance Group Co. on concerns the group may not be able to fund the acquisition, the South China Morning Post reported.
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China’s insurance regulator asked Ping An Insurance (Group) Co. for more information about HSBC Holdings Plc’s proposed $9.4 billion sale of a stake in the country’s second-largest insurer.
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Former Illinois Governor Rod Blagojevich’s 14-year prison sentence should send the message that the public and judges are fed up with the state’s history of corruption, said the U.S. Attorney who prosecuted the case.
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