Banking giant HSBC Holdings PLC (HBC) said Tuesday its subsidiary HSBC Europe (Netherlands B.V.) has sold its 100% interest in its Hungarian subsidiary, HSBC Credit Zrt, to Central-Fund Kockazati T kealap for an undisclosed sum.
HSBC Holdings PLC (HBC) has appointed Dermot Murphy and Mahmoud Atalla as managing directors in the new credit solutions group within the global credit division, it said Monday.
HSBC net dips 9% from the year-ago half. -- Puts aside $700 million for U.S. money-laundering probe. -- Says eventual fines for probe could be higher than provision.
(Adds detail throughout.) By Max Colchester. LONDON--HSBC Holdings PLC (HBC) said Monday that net profit fell in the first half, as the bank put aside millions of dollars to cover the fallout of a U.S.
HSBC Holdings PLC (HBC) is expected to make a $200 million provision for costs after the bank came under scrutiny for failing to combat money laundering in its U.S.
Lloyds, HSBC and RBS haven't yet disclosed provision details. -- A total 28000 products sold. -- Seven other banks have agreed to review selling practices.
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