Alibaba Group Holding Ltd must pay more attention to product quality and step up the fight against fake goods sold online, China's product quality watchdog chief told company executive chairman Jack Ma, according to a statement on Tuesday.
HSBC Holdings Plc faces investigation by U.S. authorities and an inquiry by British lawmakers after admitting failings by its Swiss private bank that may have allowed some customers to dodge taxes.
HSBC Holdings plc (HSBA.L) could see its 2012 deferred prosecution deal with U.S. authorities over anti-money laundering lapses reopened as a result of separate, ongoing probes into the bank's alleged role in manipulating currency rates and helping Americans evade taxes, a U.S. law enforcement official said on Monday.
The U.S. Department of Justice is examining currency-linked investments offered by Barclays (BARC.L) and UBS (UBSG.VX), the Financial Times reported on Sunday.
