2020-09-23 13:34:35| Guardian Unlimited Business - more business news
Banks decision follows government Covid-19 U-turn on back-to-work driveCoronavirus latest updatesSee all our coronavirus coverageHSBC and Goldman Sachs have postponed plans to bring staff back to the office in England after the governments U-turn on its back-to-work drive.A memo sent to staff at HSBC informed them that the investment bank, based in Londons Canary Wharf financial district, was pausing its planned return of phase one teams to the office. Continue reading...
2020-09-21 10:09:15| Guardian Unlimited Business - more business news
Standard Chartered stock also falls after claims banking sector handled $2tn in potentially corrupt transactionsShares in the banking sector fell on Monday after media reports that some of the worlds largest banks had moved large sums of allegedly illicit funds over nearly two decades, despite red flags about the origins of the money.Barclays fell by 4% in early trading in London and HSBC and Standard Chartered both lost 3%. Earlier in Hong Kong, HSBC dropped more than 4%, taking the shares to their lowest level sinceMay 1995. Continue reading...
2020-09-20 19:00:10| BBC News | Business | World Edition
The transfers took place after officials were told of the $80m fraud, the secret files reveal.
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