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HONG KONG/LONDON (Reuters) -HSBC merged some operations and split its geographic footprint into East and West in a sweeping restructuring under new CEO Georges Elhedery that also included the ...
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HSBC Holdings plc (Chinese: 滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint.
In March 2015, the French financial state prosecutor requested that HSBC's Swiss private bank was sent to criminal trial over the suspected tax-dodging scheme for wealthy customers. The recommendation followed a lengthy investigation by local magistrates into alleged tax fraud involving 3,000 French taxpayers and was a procedural step that ...
On February 26, 2018, Bloomberg News reported that Citizens' stock price dropped 4.1 percent after U.S. Special Counsel Robert Mueller’s indictment of Manafort was released, appearing to indicate that Citizens was the "Lender B" cited as having lent 3.4 million dollars to the former campaign manager of President Trump.
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HSBC has made significant contributions to the establishment of solid foundations for Thailand's financial and banking sectors. For example, in 1889 HSBC issued the first banknotes in Thailand. HSBC also issued the first foreign loan to the Thai government for its railroad construction project. HSBC's main branch office in Thailand is situated ...