HSBC

HSBC Global Asset Management has launched an RDR-ready share class on its passive fund range.

HSBC is in talks to settle with US regulators over a money laundering investigation, but increased regulatory scrutiny has led to S&P cutting the bank's credit rating.

US Federal authorities are reportedly investigating RBS over possible dealings with Iran, the latest case of a UK bank coming under scrutiny from US regulators.

Small firms caught up in the mis-selling of complex interest rate derivative products face up to a nine month wait to hear if they qualify for compensation.

HSBC Global Asset Management has announced plans to launch an Indian bond fund, giving UK retail investors access to the market for the first time.

The Financial Services Consumer Panel (FSCP) is urging the Financial Services Authority (FSA) to seek to extend the deadline for a £54m Arch Cru payment scheme involving Capita, BNY Mellon and HSBC.

HSBC has put aside $1.3bn (£830m) in UK customer redress provisions and $700m (£450m) relating to US regulatory and legal issues as it reports $12.7bn in interim pre-tax profit.

Regulators have turned their attention to at least four of Europe's largest banks in a continued investigation of manipulation of the LIBOR benchmark interest rate.

Trade minister Lord Green, the former CEO and chairman of HSBC, has been warned he has "serious questions" to answer over the bank's failure to stop money-laundering by drugs cartels and terrorists.

HSBC will make an additional £2bn of mortgage funding available to UK borrowers, with £1bn allocated to first-time buyers this year.