HSBC to shed up to 50,000 jobs, slash investment bank
HSBC will shed almost 50,000 jobs and take an axe to its investment bank, cutting the assets of Europe's biggest lender by a quarter in a bid to simplify and improve its sluggish performance. The bank...
View ArticleHSBC to cut up to 50,000 jobs, slash investment bank
HONG KONG HSBC (HSBA.L) will cut almost 50,000 jobs from its payroll, take an ax to its investment bank and shrink its risk weighted assets by $290 billion in an effort to improve its sluggish...
View ArticleHSBC cuts 25,000 jobs globally
Branch closures in the UK and six other major markets are among cost-saving measures to be detailed as chief executive Stuart Gulliver briefs shareholders ...
View ArticleHSBC lowers equity return target, to shrink asset base by $290 billion, cut...
HONG KONG: HSBC traded flat on the London Stock Exchnage even as the bank said it would cut almost 50,000 jobs from its payroll, reduce its...
View ArticleHSBC plans massive job cuts
Banking giant, HSBC is to axe around 8,000 jobs in the UK as part of a plan to reduce its costs and to simplify business. HSBC has over 48,000 workers across the UK and will slash jobs in both its...
View ArticleInvestors want 'radical surgery' at HSBC
LONDON (Reuters) - No longer feared as "too big to fail", shareholders are weighing whether HSBC is now "too big to succeed", and want to know next week how the bank's bosses propose to increase...
View ArticleEurope shares close lower; HSBC cuts in focus
European equities closed lower on Tuesday, in the wake of declines in U.S. and Asian markets, with HSBC's announcement of major restructuring efforts a key focus for markets. During trade, the...
View ArticleHSBC says it will slash up to 25,000 jobs globally
Hong Kong: Scandal-hit bank HSBC announced Tuesday up to 25,000 job cuts as part of a global restructuring that entails its withdrawal from Brazil and Turkey, while it also mulls...
View ArticleHSBC to cut up to 50,000 jobs in savings drive
HSBC will cut almost 50,000 jobs from its payroll, take an axe to its investment bank and shrink its risk weighted assets by $290 billion in an effort to improve its sluggish performance, Europe’s...
View ArticleHSBC to cut 50,000 jobs in savings drive
HSBC will cut almost 50,000 jobs from its payroll, take an axe to its investment bank and shrink its risk weighted assets by $290 billion in an effort to improve its sluggish performance, Europe’s...
View ArticleHSBC plans to cut 8,000 jobs in the UK in savings drive
9 June 2015 From the section Business HSBC, Europe's biggest bank, is planning to cut 8,000 jobs in the UK as it tries to reduce costs. The bank has 48,000 UK workers and will make cuts in both its...
View ArticleUPDATE 1-Bradesco capital may fall in HSBC Brasil deal, UBS says
(Recasts paragraphs 1-4 to add Bloomberg report, comments from banks) By Guillermo Parra-Bernal SAO PAULO, June 8 (Reuters) - Banco Bradesco SA, Brazil's second-largest private-sector lender, would...
View ArticleHSBC announces plans to cut almost 50,000 jobs to reduce costs
Europe’s largest bank, HSBC, has announced plans to cut about 50,000 jobs in its branches across the world to reduce costs and bolster shareholders’ returns. According to the announcement, which was...
View ArticleRPT-Too big to succeed? Investors want "radical surgery" at HSBC
(Repeats Tuesday item) * Investors believe HSBC bosses need to announce bold moves * No action too big to debate, including break-up, they say * Shareholders ask if global empire is worth the expense *...
View ArticleHong Kong workers spared as HSBC cuts 25,000 jobs worldwide
Hong Kong heads will not roll as HSBC Holdings slashes up to 25,000 jobs worldwide and sells off its troubled operations in Turkey and Brazil. Instead, as the bank slims down on assets in many markets...
View ArticleToo big to succeed? Investors want 'radical surgery' at HSBC
LONDON No longer feared as "too big to fail", shareholders are weighing whether HSBC is now "too big to succeed", and want to know next week how the bank's bosses propose to increase profitability at a...
View ArticleToo big to succeed? Investors want "radical surgery" at HSBC
By Sinead Cruise and Steve Slater LONDON (Reuters) - No longer feared as "too big to fail", shareholders are weighing whether HSBC is now "too big to succeed", and want to know next week how the bank's...
View ArticleHSBC to cut tens of thousands of jobs worldwide as bank looks at moving...
HSBC will cut almost 50,000 jobs from its payroll, take an axe to its investment bank and shrink its risk weighted assets by $290 billion in an effort to improve its sluggish performance, Europe's...
View ArticleHSBC boss prepares to axe more than 10,000 jobs, businesses in strategy refresh
HSBC File Photo dna Research & Archives HSBC is set to cut thousands of staff, axe businesses in Brazil and...
View ArticleHSBC CEO Gulliver says will not sell Mexico unit: report
MEXICO CITY HSBC will not sell its business in Mexico, Chief Executive Stuart Gulliver said in an interview published on Monday, as the British bank embarks on a plan to shrink itself to boost profits....
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