Markets News
Bitcoin grapples with $11,000 as money laundering engulfs the banking sector again and coronavirus spoils stocks sentiment.
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HSBC News
HSBC is a British multinational financial services company founded in British Hong Kong in 1865 by Thomas Sutherland. HSBC bank is currently one of the largest banks in terms of revenue, total assets and operating income. Some of the major subsidiaries of HSBC are HSBC Bank USA, HSBC Bank PLC, The Hongkong and Shanghai Banking Corporation Limited, and HSBC Japan. HSBC mostly specializes in commercial banking, investment banking, wealth management and global private banking. HSBC was a part of numerous money laundering investigations by the U.K., U.S. and international authorities. The company was also a part of a foreign exchange (forex) scandal and London Interbank Offered Rate (LIBOR) scandal, both of which resulted with fines in favor of the authorities. However, HSBC Bank remains one of the most influential and robust international financial services in Europe and in the world.
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Top financial services experts continue to join the Libra project.
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Another massive Bitcoin ad rolls out in Hong Kong, urging citizens to “be their own bank.”
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DAML smart contract language is now used for digital bonds.
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Global banks are scanning clients in Hong Kong on potential political ties amid protests over China-initiated national security law.
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Singapore-based DBS bank joins blockchain trade-finance network Contour to disrupt its letters of credit settlement process.
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A blockchain trade finance platform developed by eight major banks, among them HSBC, BNP Paribas, and Citi, is now ready for commercial launch in Singapore in Q2 2020.
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Bitcoin is battling to resume its bullish trend, and Vitalik Buterin reveals the details of the Ethereum 2.0 roadmap to Cointelegraph.
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HSBC plans to drop $100 billion in risk-weighted assets and 35,000 jobs in the next three years to invest more in digital finance.
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The Department of Economic Development of Dubai has established a KYC blockchain consortium with six major banks.
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British banking giant HSBC will digitize paper-based records of $20 billion in private placements with blockchain technology by March 2020.
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The need for censorship-resistant currencies like Bitcoin has been thrown, yet again, into stark relief as HSBC shutters an account reportedly used to fund Hong Kong protestors.
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HSBC will explore the use of distributed ledger technologies for bond issuance in a joint trial with the Singapore Exchange and Temasek.
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Global banking giant HSBC has tested out its blockchain-based trade finance platform Voltron and reduced transaction time by 40%.
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UK-based banking giant HSBC is seeking Korean banking partners to expand the R3-backed blockchain platform Voltron to the region.
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