Stuart Gulliver, HSBC's new chief executive, has dropped plans to relocate from London to Hong Kong, just days after an announcement that UK bank reforms would be watered down.
Britain's banks were given the go-ahead last night to pay unlimited bonuses, drawing to a close a two-year political battle to rein in the City.
ETFs tracking European equity indices attracted over €1bn in investor money in the week ending 10 December, according to Deutsche Bank.
HSBC has unveiled an ETF providing exposure to the MSCI World index, with a total expense ratio (TER) of 0.35%.
HSBC has launched an ETF providing exposure to Turkey on the London Stock Exchange, boosting the array of emerging markets funds on offer.
Eric Daniels, chief executive of Lloyds Banking Group, says banks do not need breaking up and are ‘enormously competitive'.
Paul Burgin charts the main events of 2010, including the flash crash, a rush to gold and the emergence of new fund structures
HSBC is being sued for $9bn by the trustee trying to recover money for the victims of Bernard Madoff's fraud.
IFAs could increase their engagement with consumers and even attract fresh clients via a new online social network, Mindful Money.
Guy Morrell, head of multi-manager at HSBC Global Asset Management, examines why and how to invest in commercial property