US lawmakers demand HSBC explain actions against Hong Kong activists, Americans
Washington DC, USReuters Influential US lawmakers have demanded that one of the world’s biggest banks, HSBC Holdings Plc, explain its actions in freezing accounts of Hong Kong pro-democracy activists, moves that could leave it liable to severe sanctions under US law. The bipartisan group of six senators and seven members of the House of Representatives […]
HSBC, Australia’s Queensland buy ‘credits’ to protect Great Barrier Reef
Sydney, AustraliaReuters The Australian state of Queensland and HSBC said on Thursday they will make a “world-first investment” to protect the world-heritage listed Great Barrier Reef which is suffering from extensive coral bleaching events. Rising sea temperatures and poor water quality are the two biggest threats to the Great Barrier Reef, which has lost more […]
Britain’s HSBC to help modern slaves “rebuild lives” with bank access
LondonThomson Reuters Foundation British retail bank HSBC UK launched a scheme on Monday to help victims of modern slavery and human trafficking in Britain “rebuild their lives” by giving them access to bank accounts. The bank, part of the London-listed global finance group , said it had been working with law enforcement and charities to […]
Young entrepreneurs motivated by purpose, not just profit, says research
Thomson Reuters Foundation The new generation of global entrepreneurs is going into business motivated by purpose rather than just profit, according to research by the HSBC banking group released last week. One in four entrepreneurs aged under 35 said they were more motivated by social impact than by moneymaking, compared to just over one in […]