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Latest Hsbc Items
Three Atlanta-area counties have filed a lawsuit claiming that British bank HSBC cost them hundreds of millions of dollars in extra expenses and damage to their tax bases by aggressively signing minorities to housing loans that were likely to fail.
The ranking Republican on the Senate Judiciary Committee has described as "inexcusable" a decision by the Justice Department to forego any criminal prosecution of HSBC officials in an elaborate conspiracy to launder millions in illegal cash.
HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe.
A London-based bank that provided wholesale banking services through branch offices in this country, primarily U.S.-dollar clearing for international wire payments, has agreed to forfeit $227 million to the Justice Department for conspiring to violate international economic regulations that posed a threat to the United States.
With his closest rivals sitting on the sidelines, Rory McIlroy can wrap up the European Tour money title with a strong showing at this week's Singapore Open.
Organizers said Sunday that the HSBC Champions will become an official PGA Tour event next year.
Louis Oosthuizen and Adam Scott took advantage of the par 5s at Mission Hills and each had a 7-under 65 on Thursday to lead the HSBC Champions after the first round.
The HSBC Champions lost some star power when Rory McIlroy and Tiger Woods decided to skip the World Golf Championship event _ much to the disappointment of the tournament backers.
The Race to Dubai on the European Tour heads for the home stretch, and Rory McIlroy is sitting out one of the richer events this week in the HSBC Champions.