HSBC

The chairman of HSBC has said the entire banking industry "owes the real world an apology".

Financial firms may be recovering, with business volumes growing for the first time in two years, a survey has shown.

Royal Bank of Scotland is to consider a £3bn-£4bn share issue to reduce the stake it would hand to the government for joining its toxic assets insurance scheme and has approached its biggest investors about the idea, the FT reports.

Financial advisers have been warned to tighten their data security as new powers mean they could be fined twice for breaches.

HSBC subsidiaries have been fined a total of £3m for failing to protect their customers' personal data.

Swiss Re's Term and Health Watch 2009 saw that income protection (IP) sales have risen in the last year. That upturn, however, has been directly attributed to the actions of HSBC. With sales of other protection products falling, what do these results...

Intermediaries have voiced their frustration after HSBC launched a pilot scheme offering "impartial" mortgage advice in-branch.

HSBC chairman Stephen Green attacked "perverse" pay practices in banking and called for a "more sober and reasonable approach to compensation" as it emerged the bank paid two senior employees almost £25m last year, The Telegraph reports.

The outlook for the Japanese economy is bleaker than ever after employment, production and retail figures, all posted severe falls, says the Telegraph.

Fund houses with substantial offshore offerings are building up the profile of the portfolios in the UK retail market ahead of the IMA's introduction of offshore listings.