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HSBC suffers £790.1million in losses as banking giant counts cost of exiting Argentina | City & Business | Finance

HSBC says it first quarter results will be hit by a $1billion (£790.1million) pre-tax loss following the £434.6million sale of its Argentinian bank to Grupo Financiero Galicia. ....

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HSBC news: HSBC fined 57 million pounds for 'serious' deposit protection failures

HSBC faces a £57.4 million ($73 million) fine from the Bank of England for "serious failings" in safeguarding certain customer deposits. The bank inaccurately identified deposits eligible for the Financial Services Compensation Scheme (FSCS), breaching rules to ensure proper compensation in case of a firm s failure. ....

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