The US bank lacked adequate controls in place to monitor staff and detect misconduct in its day-to-day operation, and allowed the 1MDB bond offerings to proceed when numerous red flags surrounding the ... ( read original story ...)
HSBC’s Iconic Hong Kong Lions Make Return
The two bronze lion statues standing guard outside HSBC Holdings Plc’s main office in Hong Kong that were damaged and defaced during tumultuous protests at the start of this year have made their ... ( read original story ...)
HSBC’s iconic lions, Stephen and Stitt, back on public view after first phase of restoration works since New Year vandalism
HSBC carried out a simple blessing ceremony on Thursday to welcome back Stephen and Stitt for the first time since they were vandalised by anti-government protesters on New Year day. ( read original story ...)
HSBC gains new securities services mandate in Hong Kong
HSBC has been appointed trustee, custodian and fund administrator for the first two exchange-traded funds (ETFs) in Hong Kong under the cross-listing scheme between Hong Kong and mainland China. ( read original story ...)
Hong Kong fines Goldman Sachs record $350 million over 1MDB failings
Hong Kong's markets watchdog on Thursday fined Goldman Sachs's Asian business $350 million for its role in Malaysia's multibillion-dollar 1MDB scandal, the largest single fine ever levied by ... ( read original story ...)
Goldman Fined $350 Million by Hong Kong Regulator Over 1MDB Scandal
A Hong Kong regulator fined a local unit of Goldman Sachs Group $350 million for the investment bank’s role in a multibillion-dollar scandal involving Malaysian investment fund 1MDB. ( read original story ...)
Hong Kong’s First Multi-Cloud Challenger Bank Goes Live with Temenos
WeLab Bank designed, built and launched using cloud-native Temenos Transact in less than 10 months WeLab offers next generational digital services for the 7.5m people in Hong Kong to access from their ... ( read original story ...)