HSBC is set to discontinue its global payments application, Zing, just one year after its launch. This could potentially put around 400 jobs at risk as the multinational bank continues
HSBC is set to discontinue its global payments application, Zing, just one year after its launch. This could potentially put around 400 jobs at risk as the multinational bank continues
Swiss regulators have found that HSBC failed to conduct necessary checks on “high-risk” transactions totalling $300m (£236.7m) intended to prevent money laundering.
HSBC has warned that a Labour victory in the general election could lead to higher unemployment and increased mortgage interest rates.
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A total of £7 million in fines have been imposed on over 200 companies for violations affecting 63,000 employees, including non-payment of minimum wages.