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A warrant was issued for Scott's arrest. January as amended by Special Resolutions passed on the 20th. In August "to align our U. As a cost-saving measure HSBC is offshoring processing work to lower cost economies in order to reduce the cost of providing services in developed countries.
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Log on Register now. On 19 July , India investigated alleged violation of safety compliance, in which Indian employees were believed to be involved. Following search warrants and raids beginning in January , in mid-March Argentina's main taxing authority accused HSBC of using fake receipts and dummy accounts to facilitate money laundering and tax evasion.
The fine was 40 million Swiss Francs. In December , Assistant U. Attorney General Lanny Breuer suggested that the U. He stated, "Our goal here is not to bring HSBC down, it's not to cause a systemic effect on the economy, it's not for people to lose thousands of jobs.
According to the report, "The U. A February article in Rolling Stone magazine, which was critical of what they regarded as the timid response by the U. A warrant was issued for Scott's arrest. In the report titled "In the Future There Will Be No Forests Left" produced by Global Witness , the bank is also being accused of supporting the seven largest Malaysian timber conglomerates which are responsible for rapid deforestation in the Malaysian state of Sarawak without any FSC certifications.
HSBC is contributing to the deforestation in Indonesia and subsequent hazardous impacts in the region by providing funds directly to one of the biggest companies that has been undertaking projects in the nation's peatland forests.
The company has been exposed and lambasted throughout the last year for participating in the nefarious act of damaging the environment for profit. Even though HSBC has denied the claims that they are sponsoring these environmentally irresponsible activities, Greenpeace has compiled multiple sources and researches to draw a link between the company and their customers.
HSBC also held billions of dollars of assets for the Libyan Investment Authority , which was controlled by Colonel Muammar Gaddafi ; after Gaddafi's overthrow and assassination , the bank refused to reveal information about the funds, citing customer confidentiality. In , HSBC refused to allow customers to withdraw large cash amounts without a third-party letter confirming what the money would be used for.
It basically infantilises the customer. In a sense your money becomes pocket money and the bank becomes your parent. The group announced in November that the HSBC brand and the hexagon symbol would be adopted as the unified brand in all the markets where HSBC operates, with the aim of enhancing recognition of the group and its values by customers, shareholders and staff throughout the world.
The hexagon symbol was originally adopted by the Hongkong and Shanghai Banking Corporation as its logo in It was developed from the bank's house flag , a white rectangle divided diagonally to produce a red hourglass shape. Like many other Hong Kong company flags that originated in the 19th century, and because of its founder's nationality, the design was based on the cross of Saint Andrew. The logo was designed by Austrian graphic artist Henry Steiner.
In , HSBC made minor changes to their logo. The wordmark was repositioned from left to the right, resized to be smaller, and was switched from Serif to Sans-serif. The red shade of the hexagon symbol was also darkened. HSBC opted to sub-license the naming rights to all but one of the individual tournaments, while retaining its name sponsorship of the overall series and the Hong Kong Sevens.
HSBC's other sponsorships are mainly in the area of education, health and the environment. From Wikipedia, the free encyclopedia. London portal Companies portal. Archived from the original on 31 January Retrieved 4 September Retrieved 21 June Retrieved 2 March Retrieved 20 January Retrieved 9 March Retrieved 16 June Retrieved 14 October Retrieved 7 March Retrieved 7 December Retrieved on 6 December Retrieved 26 December Murky Cash Sheltered by Bank Secrecy".
International Consortium of Investigative Journalists. Retrieved 18 February Retrieved 17 February Retrieved 5 June Chinese for making money". January and received on the 1st. January as amended by Special Resolutions passed on the 20th.
July and on the 18th. December , Re-registration of Memorandum and Articles, dated the December , and stamped by Companies House on the 21st. December , page 1, note 1". Retrieved 14 April The New York Times. We have a comprehensive range of policies and systems in place to ensure that the bank is well-managed, with effective oversight and control. Learn about our strategy and our financial performance.
Find dividend information and investor presentations. We offer a world of interesting and varied opportunities across the bank to help you develop your career. We are committed to building a sustainable business for the long term, embracing diversity and inclusion, and putting the right values into practice. Acclaimed British writer P. Press tab key to access skip links section.
Our international network covers more than 90 per cent of global trade — so we are uniquely placed to help customers around the world achieve their ambitions John Flint, HSBC Group Chief Executive.