Gender pay gap widens to 86% for discretionary bonuses British employers are required to report pay data within weeks HSBC Holdings Plc paid its female staff in Britain 59 percent less on average than their male colleagues last year, the widest gender disparity gap among the major firms to have disclosed the data and more than three times the national average. The gap will widen to 60 percent this year, Britain’s biggest bank said in a report Thursday. The disparity is wider than at Barclays...

Bank fined 300 million euros by French authorities last year The firm had related provisions of $604 million at end of year HSBC Holdings Plc said it could face penalties exceeding $1.5 billion stemming from multiple investigations into claims that its Swiss private bank unit helped clients evade paying taxes. Authorities in the U.S., Belgium, Argentina, India, Spain and elsewhere are probing allegations of tax evasion or tax fraud, money laundering and unlawful cross-border banking...

Staley, Rogoff cite prospects for tighter monetary policy Rubenstein, Corbat, M&G’s Richards discuss potential risks Follow our full coverage of Davos 2018 here. Global finance executives warned of parallels between today’s soaring stock markets and the froth of the pre-crisis years as they said investors could be wrong-footed by central banks raising interest rates. As the World Economic Forum’s annual meeting got underway in Davos, Switzerland, the leaders of Barclays Plc, Citigroup Inc....

Morgan Stanley, StanChart, Citigroup eye city for EU hub Firms planning for worst even as hopes for soft Brexit grow Frankfurt is emerging as the biggest winner from last year’s Brexit vote, with many of the world’s biggest banks choosing to base their new European Union headquarters in the German city. Standard Chartered Plc, Nomura Holdings Inc. and Daiwa Securities Group Inc. have picked Germany’s financial capital for their EU base to ensure continued access to the single market....