At Mexico’s Hera music festival, women were both at the forefront and behind the scenes
Read full article: At Mexico’s Hera music festival, women were both at the forefront and behind the scenesMexico City’s Hera HSBC music festival brought together an all-female lineup of both Latina and international talent including Kesha, Demi Lovato and Camila Cabello.
Boeing case puts a spotlight on plea agreements involving corporate defendants
Read full article: Boeing case puts a spotlight on plea agreements involving corporate defendantsProsecutors are expected to give new details next week about Boeing's plea deal in a case stemming from two deadly crashes of 737 Max jetliners.
The UK economic outlook is bleak, think tanks warn, with tough choices for the next government
Read full article: The UK economic outlook is bleak, think tanks warn, with tough choices for the next governmentLeading British economic think tanks are warning that whoever wins the country’s general election this year will face some very tough choices on tax and spending if they want to make sure the public finances don’t deteriorate further.
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Huawei, HSBC agree on document deal for extradition case
Read full article: Huawei, HSBC agree on document deal for extradition caseChinese telecommunications equipment firm Huawei says it has reached an agreement with HSBC in Hong Kong to obtain documents that its chief financial office Meng Wanzhou hopes will help prevent her extradition to the U.S. Meng, who was detained in Canada in 2018 at the behest of U.S. authorities, has been fighting a legal battle over the last two years as the U.S. seeks to extradite her over bank fraud and allegations that Huawei violated sanctions on Iran.
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Huawei takes HSBC to UK court for docs in extradition fight
Read full article: Huawei takes HSBC to UK court for docs in extradition fightFILE - In this Thursday, May 16, 2019 file photo, a man is silhouetted near the Huawei logo in Beijing. Huawei took U.K. bank HSBC to court on Friday, Feb. 12, 2021 seeking documents the Chinese company says are key to its legal efforts to stop its chief financial officer from being extradited to the U.S. from Canada. Huawei applied at the U.K. High Court for records it believes will show Chief Financial Officer Meng Wanzhou didn't mislead the bank about evading sanctions on Iran, as U.S. authorities allege. The legal request further complicates the geopolitical battle over Meng's case. The U.S. government accuses Huawei of using a Hong Kong shell company called Skycom to sell telecommunications equipment to Iran.
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Bank shares slide on report of rampant money laundering
Read full article: Bank shares slide on report of rampant money launderingShares of Deutsche Bank dropped 8.3%. Deutsche Bank has been under scrutiny for years. Deutsche Bank neither admitted nor denied the allegations in the settlement. The London bank HSBC, Europe's largest acknowledged in 2012 that it had laundered at least $881 million for Latin American drug cartels. However, according to the report, HSBC continued to manage money for shady clients, including suspected Russian money launderers and a Ponzi scheme under investigation in multiple countries.

HSBC, other banks call for end to Hong Kong protests
Read full article: HSBC, other banks call for end to Hong Kong protestsDan Kitwood/Getty Images(CNN) - Global banks want Hong Kong's political crisis to be over. "Social stability and the quality of remaining calm in the face of all sorts of challenges are the cornerstones of Hong Kong's success. Maintaining the rule of law is essential to the international financial center status that is unique to Hong Kong," read the ad, which was published in Chinese. Hong Kong officials have sounded the alarm over the city's slumping economy. Hong Kong's economy grew by just 0.6% in the second quarter compared to the same time last year, the weakest quarterly figure in a decade.

HSBC chief steps down after 18 months on the job
Read full article: HSBC chief steps down after 18 months on the jobDan Kitwood/Getty ImagesLONDON (CNN) - HSBC chief John Flint is stepping down after less than two years on the job. The bank said in a statement that Flint resigned by mutual agreement, adding that change is needed to meet "the increasingly complex and challenging global environment" HSBC faces. Flint joined the bank in 1989 and spent the first 14 years of his career with HSBC in Asia expanding the bank's global markets business. In a statement, Flint, 51, said that it was a privilege to spend his entire career with HSBC. The bank said Flint will stop carrying out his day-to-day duties immediately, but will remain available to assist HSBC with the transition.