US prosecutors are looking into whether British bank HSBC was involved in laundering money for Mexican drug cartels and moving cash for Saudi Arabian banks with ties to terrorists, The New York Times

China's manufacturing activity fell to a nine-month low in August as firms struggled with global woes, providing further impetus for Beijing to beef up economic stimulus efforts, HSBC said Thursday.

The Reserve Bank and other Indian agencies are seeking details from British financial regulator FSA about two UK-based global banking giants HSBC and Standard Chartered whose outsourcing of key oversi

India's services sector growth rate saw a slight fall in July but remained in the positive terrain for the ninth month in a row, amid rise in new orders and employment levels holding up, an HSBC surve

A scandal erupting at Europe's biggest bank HSBC has added to concerns over the state of Britain's financial sector amid the Barclays rate-rigging affair and as the industry faces a major shake-up.

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The Financial Intelligence Unit (FIU) of the finance ministry has begun a probe into the HSBC's India operations after it was alleged that the country was exposed to terror funding and money laundering due to the banking giant's weak safety mechanisms.

Officials of HSBC Holdings Plc pledged to a U.S. Senate panel on Tuesday that the bank is changing the way it polices illicit funds, but senators were skeptical the bank could deliver on promises it h

HSBC's staff in India have come under the scanner for deficiencies in their role as 'offshore reviewers' of the global banking giant's compliance to safety mechanism against money laundering and te

Executives of HSBC Holdings Plc and its U.S. subsidiary are scheduled to testify on Tuesday before a Senate panel about how the London-based banking behemoth, after years of run-ins with U.S. authorit

China's manufacturing activity fell to a seven-month low in June, official figures showed Sunday, despite government efforts to arrest a slowdown in the world's second largest economy.

The official p