HSBC (HSBC) is pulling back from its credit card business in China eight years after its launch, as the company struggled to expand and make

Swiss private bank Lombard Odier has been charged with aggravated money laundering by Switzerland’s federal prosecutor. In a filing on Friday, the prosecutor said the bank played a “decisive role” in concealing the illicit activities of Gulnara Karimova, the daughter of Uzbekistan’s late president, Islam Karimov.