hsbc

Old Mutual Global Investors' UK equity head Richard Buxton believes it may be "too late to save HSBC" as the company considers redomiciling its headquarters.

HSBC has confirmed it is planning to cut up to 25,000 jobs, including 8,000 posts in the UK, to target annual savings of up to $5bn (£3.3.bn).

Some of the largest British banks have launched a review to determine whether allegedly corrupt payments involving football officials have passed through their books.

The Financial Conduct Authority's(FCA) income from fines it imposes on financial services companies is set to dip on last year's total, despite record penalties for Barclays and Deutsche Bank in recent months.

HSBC shares have jumped 3.5% after the bank launched a full review of its UK domicile in light of increased levies and a possible referendum on EU membership.

HSBC is the subject of a criminal investigation by French authorities over allegations of tax evasion at its Swiss private bank.

Some of Britain's largest companies will issue formal warnings on the risks of exiting the EU if the Conservative Party pushes ahead with referendum plans after the election.

HSBC is closing accounts on Jersey belonging to customers living in the UK amid checks on their identity and addresses.

Financial services has witnessed a number of famous apologies over the years linked to fraud, rogue trading, and even train fare dodging. Investment Week remembers the most notable, and the ones which never were.

HSBC's senior executives have apologised to a committee of MPs for the failings in its Swiss private banking arm which meant clients avoided paying millions in tax.