Hsbc Bank

Swiss prosecutor raids HSBC office, opens criminal inquiry in money-laundering case

Geneva's public prosecutor searched HSBC's lakeside Swiss office on Wednesday after opening a criminal inquiry into allegations of aggravated money laundering, the second probe to hit the bank this week.

Black money probe: Prosecution initiated against 60 resident Indians, says FM

The government is expected to disclose the names of close to 60 Indians and entities in the black money probe.

RBI move bad for industry, hoping for quick reversal: Kidwai

If rupee shows normalcy, she said, the measures announced to check rupee fall should be eased.

JP Morgan shores up China presence, pumps in $400 mn

Foreign banks, including HSBC and Singapore's DBS Group, have either injected or are planning to pump in capital into their China units which are expected to grow rapidly over the coming years

Belgium charges HSBC's Swiss unit with fraud and money-laundering

Belgian prosecutors charged a subsidiary of British bank HSBC on Monday with fraud and money-laundering worth hundreds of millions of euros, mainly for diamond dealers in the industry's international hub of Antwerp.

Black money: IT dept to prosecute about 300 foreign bank-account holders

The IT department is likely to initiate prosecution against close to 300 people whose names have been submitted to SC in connection with the probe into alleged blackmoney accounts.