GenevaLunch » HSBC http://genevalunch.com Community Newspaper Online Sun, 27 May 2012 07:51:09 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://creativecommons.org/licenses/by-nc-nd/3.0/ Copyright © GenevaLunch 2010 editor@genevalunch.com (GenevaLunch) editor@genevalunch.com (GenevaLunch) http://genevalunch.com/wp-content/plugins/podpress/images/powered_by_podpress.jpgGenevaLunchhttp://genevalunch.com 144 144 Community Newspaper Online GenevaLunch GenevaLunch editor@genevalunch.com no no China: Cautious growth and greater role of renminbi expectedhttp://genevalunch.com/blog/2012/04/26/china-cautious-growth-and-greater-role-of-renminbi-expected/ http://genevalunch.com/blog/2012/04/26/china-cautious-growth-and-greater-role-of-renminbi-expected/#comments Thu, 26 Apr 2012 03:33:51 +0000 Paula Dupraz http://genevalunch.com/?p=69483 GenevaLunch.com LAUSANNE, SWITZERLAND – China’s renminbi, which Beijing has begun cautiously promoting as an internationally accepted trading currency, may surprise us, HSBC’s global head of commodity and structured trade finance told a Financial Times conference in Lausanne Wednesday 25 April. Jean-François Lambert said that ”It’s a huge development and moving faster than many expected, so pay attention”. [...]

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]]> http://genevalunch.com/blog/2012/04/26/china-cautious-growth-and-greater-role-of-renminbi-expected/feed/ 0 Canadian sues his gov’t over stolen Swiss bank datahttp://genevalunch.com/blog/2012/04/06/canadian-sues-his-govt-over-stolen-swiss-bank-data/ http://genevalunch.com/blog/2012/04/06/canadian-sues-his-govt-over-stolen-swiss-bank-data/#comments Fri, 06 Apr 2012 11:56:00 +0000 Ellen Wallace http://genevalunch.com/?p=68717 GenevaLunch.com GENEVA, SWITZERLAND – A Montreal man who was among 1,700 whose names were provided to the Canadian revenue service after bank data was stolen by a Geneva HSBC computer employee is now suing his country’s tax department. The suit brought against the Canada Revenue Agency in March comes as a Zurich court has gone after [...]

Canadian sues his gov’t over stolen Swiss bank data © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/04/06/canadian-sues-his-govt-over-stolen-swiss-bank-data/feed/ 0 French high court rules Geneva HSBC bank data theft cannot be usedhttp://genevalunch.com/blog/2012/02/01/french-high-court-rules-geneva-hsbc-bank-data-theft-cannot-be-used/ http://genevalunch.com/blog/2012/02/01/french-high-court-rules-geneva-hsbc-bank-data-theft-cannot-be-used/#comments Wed, 01 Feb 2012 21:30:49 +0000 Ellen Wallace http://genevalunch.com/?p=66221 GenevaLunch.com PARIS, FRANCE / GENEVA, SWITZERLAND – The French high court (Cours de cassation) in Paris published a ruling Tuesday 31 January that data stolen in 2007 from British bank HSBC in Geneva by its employee Hervé Falciani cannot be used by French tax authorities because it was illegally obtained. Falciani turned over the list of [...]

French high court rules Geneva HSBC bank data theft cannot be used © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2012/02/01/french-high-court-rules-geneva-hsbc-bank-data-theft-cannot-be-used/feed/ 0 Swiss, German foreign ministers confirm tax deal soonhttp://genevalunch.com/blog/2011/08/08/swiss-german-foreign-ministers-confirm-tax-deal-soon/ http://genevalunch.com/blog/2011/08/08/swiss-german-foreign-ministers-confirm-tax-deal-soon/#comments Mon, 08 Aug 2011 08:11:12 +0000 Ellen Wallace http://genevalunch.com/?p=60482 GenevaLunch.com Swiss left out of G20 meeting ZURICH, SWITZERLAND – Switzerland and Germany’s foreign ministers Sunday confirmed media reports that an agreement will shortly be announced on a tax deal. The Swiss Foreign Affairs Department said in a statement that Swiss President and Foreign Minister Micheline Calmy-Rey and German Foreign Minister Guido Westerwelle “both praised the [...]

Swiss, German foreign ministers confirm tax deal soon © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/08/08/swiss-german-foreign-ministers-confirm-tax-deal-soon/feed/ 1 HSBC’s massive job cuts put Swiss reductions in shadehttp://genevalunch.com/blog/2011/08/02/hsbcs-massive-job-cuts-put-swiss-reductions-in-shade/ http://genevalunch.com/blog/2011/08/02/hsbcs-massive-job-cuts-put-swiss-reductions-in-shade/#comments Tue, 02 Aug 2011 08:36:55 +0000 Ellen Wallace http://genevalunch.com/?p=60291 GenevaLunch.com GENEVA, SWITZERLAND – Europe’s largest retail bank, HSBC in the UK, announced job cuts 1 August that will reached 30,000 by the end of 2013, joining Switzerland’s UBS and Credit Suisse, as well as other large banks that have announced major staffing cuts in the past two weeks as financial markets fail to bounce back [...]

HSBC’s massive job cuts put Swiss reductions in shade © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/08/02/hsbcs-massive-job-cuts-put-swiss-reductions-in-shade/feed/ 0 Times Square gets Chinese media adshttp://genevalunch.com/blog/2011/07/27/times-square-gets-chinese-media-ads/ http://genevalunch.com/blog/2011/07/27/times-square-gets-chinese-media-ads/#comments Wed, 27 Jul 2011 10:08:08 +0000 Ellen Wallace http://genevalunch.com/?p=60231 GenevaLunch.com GENEVA, SWITZERLAND – Xinhua, China’s state-run news agency, is taking over a prime piece of advertising space in New York City’s Times Square. The space has been occupied by UK-based international bank HSBC. Reuters reports that “Xinhua is leasing a 60-foot high (18-meter) by 40-foot (12-meter) wide sign on the north end of Times Square, [...]

Times Square gets Chinese media ads © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/07/27/times-square-gets-chinese-media-ads/feed/ 0 Basel synonymous with banks’ capital requirements this weekhttp://genevalunch.com/blog/2011/07/21/basel-synonymous-with-banks-capital-requirements-this-week/ http://genevalunch.com/blog/2011/07/21/basel-synonymous-with-banks-capital-requirements-this-week/#comments Thu, 21 Jul 2011 13:28:28 +0000 Ellen Wallace http://genevalunch.com/?p=60012 GenevaLunch.com BASEL, SWITZERLAND – The word Basel means one thing to bankers this week: new capital requirements. New regulations will mean that the world’s largest banks have to raise additional capital and Tuesday’s paper is designed in part to give investors guidelines for “calculating extra funds that the lenders must raise”, reports Bloomberg, which notes that [...]

Basel synonymous with banks’ capital requirements this week © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2011/07/21/basel-synonymous-with-banks-capital-requirements-this-week/feed/ 0 French prosecutor claims 80,000 HSBC account holders identifiedhttp://genevalunch.com/blog/2010/04/14/french-prosecutor-claims-80000-hsbc-account-holders-identified/ http://genevalunch.com/blog/2010/04/14/french-prosecutor-claims-80000-hsbc-account-holders-identified/#comments Wed, 14 Apr 2010 19:35:04 +0000 Ellen Wallace http://genevalunch.com/?p=40217 GenevaLunch.com Numbers don’t correspond to files handed back to Geneva bank Nice, France (GenevaLunch) – The public prosecutor in Nice, Eric de Montgolfier, told a group of reporters Wednesday 14 April that 80,000 account holders have been identified, 8,000 of them French, from the files stolen from HSBC bank’s Geneva offices in 2007. The former HSBC [...]

French prosecutor claims 80,000 HSBC account holders identified © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2010/04/14/french-prosecutor-claims-80000-hsbc-account-holders-identified/feed/ 1 Who is Hervé Falciani and why do we care?http://genevalunch.com/blog/2010/03/14/who-is-herve-falciani-and-why-do-we-care/ http://genevalunch.com/blog/2010/03/14/who-is-herve-falciani-and-why-do-we-care/#comments Sun, 14 Mar 2010 09:21:10 +0000 Ellen Wallace http://genevalunch.com/?p=38590 GenevaLunch.com Geneva, Switzerland (GenevaLunch) - Europe’s largest bank made a startling confession, accompanied by an apology, to its clients 11 March: Britain’s HSBC said it had been given evidence by the Swiss Federal Prosecutor that a Geneva office employee stole data linked to 24,000 client accounts and tried to sell the information abroad. The employee, Hervé [...]

Who is Hervé Falciani and why do we care? © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

]]> http://genevalunch.com/blog/2010/03/14/who-is-herve-falciani-and-why-do-we-care/feed/ 2 HSBC’s timeline on bank theft shows it was out in the coldhttp://genevalunch.com/blog/2010/03/11/hsbcs-timeline-on-bank-theft-shows-it-was-out-in-the-cold/ http://genevalunch.com/blog/2010/03/11/hsbcs-timeline-on-bank-theft-shows-it-was-out-in-the-cold/#comments Thu, 11 Mar 2010 14:49:11 +0000 Ellen Wallace http://genevalunch.com/?p=38518 GenevaLunch.com Falciani’s theft covered several months but it is not yet clear how he did it [correction 13 March] Geneva, Switzerland (GenevaLunch) - The extraordinary under-assessment by HSBC of the number of bank accounts implicated in the theft of data from Geneva begins to make more sense when the timeline the bank provided to the press [...]

HSBC’s timeline on bank theft shows it was out in the cold © genevalunch.com, Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.

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