London, U.K.-based HSBC Holdings plc, the venerable parent company of the New York City-based HSBC Group, reports that it has entered into a three-year deferred prosecution agreement with the U.S. Department of Justice, meant to “resolve the DoJ’s investigation into HSBC’s historical foreign exchange sales and trading activities within its Global Markets business.” The agreement… Read More >>
HSBC Shuffles Executive Lineup for 2018
Stuart Gulliver to Retire February 2018 HSBC Holdings plc reports that John Flint, 49, chief executive of retail banking and wealth management, will succeed Stuart Gulliver as executive director and group chief executive, following Gulliver’s retirement in February 2018. Flint’s remuneration in his new post will consist of a “base salary of £1,200,000 per annum… Read More >>
