Swiss prosecutors have searched offices of the Geneva subsidiary of HSBC bank in an inquiry into alleged money-laundering. They said they were investigating HSBC Private Bank (Suisse) and “persons unknown…

Sony has said it will spin off its video-and-audio business into a separate company as part of a three-year plan to return to profit. The loss making Japanese electronics giant…

Foreign private banks are bulking up in India once again after downsizing in the past few years, anticipating new opportunities to advise Indian millionaires eager to cash in on an…

Rahel Ahmed has recently been appointed as deputy managing director of Prime Bank, the bank said in a statement yesterday. Ahmed has previously worked with Standard Chartered Bank in Bangladesh…

Stocks returned to the black yesterday, breaking a two-day losing streak, as investors placed buy orders of shares and mutual fund units amid political strife. DSEX, the benchmark general index…

Scam-hit BASIC Bank yesterday fired 10 officials, including three senior executives, for irregularities in their appointment. The board of the state-run lender took the decision a few days ago. The…

A leading security company says it has uncovered an “unprecedented” cyber-attack on up to 100 banks, which could result in $1bn (£648m) of losses. But security experts are split over…

The Financial Conduct Authority (FCA) says it is looking into the HSBC bank over its Swiss tax-dodging scandal. The move comes in the light of last week’s allegations that the…

The total dividend income paid to shareholders around the world rose by 11% last year to $1.167 trillion, according to investment firm Henderson Global Investors. The biggest increase in cash…

Japan came out of recession in the fourth quarter of last year, but the world’s third largest economy grew at a slower than expected pace. The economy expanded by an…