Tuesday May 13, 2025
Tuesday, 23 February 2016 00:00 - - {{hitsCtrl.values.hits}}
Reuters: HSBC said on Monday it was being investigated by the U.S. Securities and Exchange Commission (SEC) in relation to hiring practices of candidates with ties to government officials in Asia.
In a footnote to its earnings statement, the bank said it had received various requests for information from the SEC, which was also targeting other financial institutions as part of the same probe.
“HSBC has received various requests for information and is cooperating with the U.S. Securities and Exchange Commission (SEC) investigation. It would be inappropriate to comment further,” HSBC spokesperson Gareth Hewett told Reuters.
The SEC opened in 2013 a probe into JPMorgan regarding the hiring of ‘princelings’, the term used in Asia to refer to the children or younger relatives of China’s political leaders or of powerful executives at state-owned enterprises.
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.