HSBC Bank News
Wells Fargo fined $1B for mortgage, auto lending abuses
Wells Fargo fined a combined $1 billion by federal regulators for abuses tied to its mortgage and auto lending businesses
World landmarks show Manchester solidarity
Monuments and iconic buildings around the world on Tuesday paid tribute to the victims of Monday's deadly attack in Manchester, England , with many displaying the colors of the U.K. flag and others going dark in solidarity. The explosion on Monday killed 22 people and injured 59 others who were
HSBC Banker Arrested at JFK in Foreign Exchange Probe
The global head of HSBC 's foreign exchange cash trading in London was arrested at New York's John F. Kennedy International Airport on Tuesday night and has been charged with conspiracy to commit wire fraud. Mark Johnson, 50, a senior manager at HSBC who is a citizen of the U.K. and a resident of
Brooklyn Bank Robbers Access Vault Through Roof
The New York Police Department is investigating how burglars stole nearly $300,000 from a bank in Brooklyn, through a hole in the ceiling -- completely undetected. HSBC Bank on 13th Avenue in Brooklyn closes on Friday afternoons until Monday every week because the institution is in an Orthodox
Survey Finds Many Americans 'on the Edge of Financial Disaster'
Morning Money Memo … As the economy improves, more Americans are borrowing money to pay for purchases. 37 percent have credit card debt that equals or is greater than their emergency savings, says a survey released today by Bankrate.com. “These numbers mean that three out...
Walmart (WMT) Declares a 5-Day Black Friday
Black Friday will last longer at Walmart. The world’s biggest retailer says its best discounts will be offered on TVs, tablets, toys and other goods over a five day period at the end of this month and into early December. “Black Friday is no longer...
Will Putin's Crimea Push Create Russian Bear Market?
Morning Money Memo… Are financial markets freaking-out over the crisis in Ukraine? Not exactly. Clearly there’s concern over what Russia will do next after its aggressive push into Ukraine’s Crimea Peninsula. U.S. markets futures dropped more than 1 percent this morning after the weekend crisis...
Capital One In Your Wallet and On Your Doorstep
Is that a Viking, Alec Baldwin or Samuel L. Jackson knocking at your door? Credit card company Capital One is raising eyebrows after a surprising clause was discovered in their cardholder contracts that states "we may contact you in any manner we choose," including calls, text messages, emails,
New Twist in Apple-Samsung Patent War
Morning Money Memo… The first presidential veto of an international trade ruling in more than a quarter of a century may lead to more copyright battles over smartphone technology. The veto ended a ban on imports of some Apple iPads and older iPhones. The U.S....
14 Dangerous Emails That Could Be in Your Inbox
It's ubiquitous -- "Dialing-For-Dollars" version 3.0: a gateway to irresistible deals; an antidote to loneliness; a pathway to riches (either earned or not); a vehicle for helping those victimized by man-made or natural disasters; a clarion of sensational news; a conduit for memories; the bearer of