hsbc

HSBC's chairman has said the bank "deeply regrets" the "unacceptable" practices within its Swiss private bank which allowed clients to avoid tax, and plans to sell off parts of the business following disappointing 2014 results.

Old Mutual Global Investors income manager Stephen Message is running one of the largest overweights to financials in his sector, in the expectation UK banks are set to return cash to shareholders.

The Financial Conduct Authority (FCA) was "not aware" of allegations HSBC helped wealthy clients evade millions in tax until they appeared in the media, chief executive Martin Wheatley has told MPs.

HSBC is facing investigations at home and abroad following allegations that it colluded with Swiss clients to help them dodge tax.

Banking giant HSBC helped wealthy clients dodge paying millions in tax to UK authorities, the BBC has reported.

Simon Gergel, manager of The Merchants trust, explains why he is finding opportunities in mega caps and specific recovery situations.

Banking stocks have underperformed at a time when they should be considered a prime investment. Instead, pseudo-banks are emerging as the real game-changers, says Walker Crips' Chris Kitchenham

Will challenger banks take Lloyds’ throne?

Acknowledging that the forecasting consensus has missed many of the big stories of recent years, analysts at HSBC have attempted to outline the biggest potential risks for investors in 2015.

Veteran manager Anthony Bolton said he had "no idea what was coming" when he handed over management of the Fidelity Special Values investment trust in 2007.