HSBC

HSBC has apologised to the US Senate after the bank was found to have allowed drug money to be laundered through its accounts.

Inadequate controls at HSBC allowed it to be used to launder suspicious money from around the world, including Mexican drug money, a damning US report has found.

HSBC has revealed it faces a hefty fine - estimated at $1bn by analysts - from US regulators for failing to have the right anti money laundering controls in place from 2004 until 2010.

Four banking giants including HSBC and scandal-hit Barclays are to provide redress to business clients mis-sold specialist insurance on loans, the Financial Services Authority (FSA) has said.

Risky, expensive, over-complicated: just some of the accusations leveled at structured products. But are these fair conclusions?

Royal Bank of Scotland, Barclays and HSBC were among the list of the world's biggest banks to be downgraded by Credit rating agency Moody's last night.

The country's biggest banks have been accused by MPs of a massive mis-sale of complex interest rate swaps to thousands of businesses, the Telegraph reports.

UK banks including RBS, Barclays and HSBC are set to be downgraded by Moody's this evening, it has emerged.

A top official at the Financial Services Authority (FSA) has warned Britain's four largest banks face more questions over their sale of interest rate hedges to small business customers.

FundsNetwork has announced a range of 50 exchange traded funds (ETFs) will launch on the platform for advisers next week.