For FW de Klerk reconciliation was never about moral intention, but always about political strategy, writes Antjie Krog.
Sprinkles. More clouds than sun. Cool.
HSBC Holdings is set to slash about 35 000 of its workforce, and is taking $7.3bn of charges in its most dramatic overhaul under chairperson Mark Tucker.
HSBC Holdings may eliminate as many as 10 000 jobs as part of a cost-cutting drive, according to a Financial Times report that signalled Europe may bear the brunt of the initiative.
HSBC plans to add more than a 1 000 jobs this year at its technology development centres in China, as the Asia-focused lender seeks to bolster its presence in the world's second largest economy.
Nigeria has accused HSBC of money laundering after an analyst working for the lender said that a second term for President Muhammadu Buhari may stall economic recovery.
HSBC is the latest global bank to take hits from the fallout of Steinhoff International and Carillion, says a source.
HSBC, with the assistance of external investigators, is conducting a wide-ranging review of any possible involvement in suspicious transactions, people with knowledge of the matter said.
HSBC said on Friday that it “has been reviewing its exposure to the Guptas for some time, and has closed a number of accounts for associated front companies wherever we have found them”, according to reports by the Wall Street Journal, Reuters and Morningstar.
The FBI has opened an investigation into US links to the Guptas, while the UK has asked financial enforcement agencies to probe possible ties between banks and the Guptas, the Financial Times has reported.
HSBC has posted a surprise increase in first-quarter profit after CEO Stuart Gulliver stemmed the revenue decline that’s dogged his six-year tenure.
HSBC Holdings has been in talks with Lebanon’s Blom Bank SAL over the possible sale of its banking business in the country as the London-based lender cuts costs.
There are three challenges facing investors going forward, HSBC chief market strategist at HSBC Private Bank tells Fin24.
Europe's biggest bank HSBC ousts John Flint as chief executive officer in a shock move that the chairperson said was necessary to accelerate progress of its strategic priorities.
The SA Reserve Bank's Prudential Authority has disciplined HSBC Bank Johannesburg for weaknesses in its processes that prevent the bank from "proactively detecting potential money laundering and the financing of terrorism".
Trader Mark Johnson, the first person to be convicted in a global crackdown on currency rigging, has been sentenced to two years in prison and was immediately taken into custody.
South African-born British peer, Lord Peter Hain, believes the writing is on the wall for corrupt individuals now that President Cyril Ramaphosa is in charge.
Lord Peter Hain says SA staff at global bank HSBC warned its London HQ of illegal transactions related to the controversial South China Rail-Transnet locomotive deal, but were “ignored”.
HSBC is the unnamed bank that is the focus of a senior British lawmaker’s demand for a criminal probe into a relationship with the Gupta family, according to two people with knowledge of the allegations.
While some stock investors may choose to flee SA as political turmoil engulfs President Jacob Zuma, HSBC analysts argue the noise makes it a good time to buy.
HSBC analysts have challenged the belief that the fundamental forces of economic growth, state spending, inflation and central bank guidance propel government debt yields.
A Biznews community member's desperate plea illustrates a very important lesson: when dealing with investment advisors, be very careful.
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