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HSBC confused on investor asset recovery?

HSBC Securities Services is known to be Lehman’s trustee across multiple jurisdictions, said Asian Investor. “The current crisis will no doubt put its trustee function to its most strenuous test to date. After multiple calls to various business heads of the group, no one has been able to respond to AsianInvestor’s question on what […]

Two investigations of HSBC in Hong Kong

Hong Kong’s privacy commissioner said Friday he was ‘very concerned’ about the loss of a digital tape containing 25,000 phone conservations between HSBC and its customers. But Rod Woo told legislators at a meeting Friday that he was very concerned about the loss of the digital tape and would carry out an investigation. The […]