Page 6 - Hsbc

HSBC to lay off staff as part of cost-cutting drive

HSBC has improved its position in the league market tables, climbing to sixth spot this year. In 2019, HSBC has been involved in a couple of secondary sales and the successful IPO of Embassy REITs

HSBC plans to slash 10,000 more jobs in cost-cutting drive: Report

The latest cuts mostly in high-paid roles are part of a fresh cost-cutting drive as the banking titan struggles to adjust to falling interest rates, Brexit and the long-running trade war

HSBC lays off 150 employees from India back offices for 'realignment'

The layoffs were are at the mid-management level at HSBC centres in Pune and Hyderabad.

EPFO appoints UTI AMC, SBI Mutual Fund as fund managers

Besides, the Employees' Provident Fund Organisation (EPFO) also approved a proposal for early redemption of its investment of around Rs 700 crore in bonds of DHFL

EPFO may appoint HSBC AMC, UTI AMC, SBI MF as fund managers for 3-yr term

Earlier this year, the EPFO had made it clear that the SBI as a bank could not continue as the fund manger of the body

HSBC ousts CEO John Flint in shock move meant to 'speed up progress'

HSBC, which makes more than 80% of its profit in Asia, said that its global commercial banking unit head Noel Quinn will be interim chief executive

HSBC says CEO John Flint steps down, H1 pre-tax profit up 15.8% to $12.4 bn

Noel Quinn, head of the commercial banking division, will be interim CEO

Singapore loses top spot to Switzerland as best place for expats: Survey

The average Swiss salary of $111,587 is 47 per cent higher than the $75,966 mean pay package across the 33 nations surveyed by HSBC

Dovish central banks across the world to help Asian equities, says HSBC

HSBC has announced key changes to its country allocations in Asia

HSBC plans to axe hundreds of investment bank jobs to help cut cost

Cull of more than 500 jobs could begin in weeks, people say

Investors should forget white noise like polls, pad up for bull run: HSBC

All elements required for a sustained bull run are in place

Laptop 'for him', vacuum 'for her': HSBC's sexist Valentine offer draws ire

Row over offer comes amid a wider debate on equal pay; HSBC has the worst gender pay gap among big UK firms

HSBC upgrades Indian equity market to 'stable' from 'underweight'

Analysts at the bank noted that since August-end, the Indian stock market underperformed due to an array of headwinds such as free fall in rupee and volatility in crude oil prices.

HSBC beats estimates, Q3 net rises 28% to $5.9 bn on Asia biz, lower costs

HSBC is hiring more people to boost growth in some of its business units including investment banking and private banking - the areas where it has lagged its American and some of its European rivals

HSBC to pay $765 mn to settle US mortgage securities misselling claim

HSBC said in a statement it has been working since the financial crisis to improve its internal controls and culture.

HSBC appoints Surendra Rosha to take over from ailing CEO Jayant Rikhye

Rosha joined HSBC's Indian operations in 1991. He has worked in multiple roles in forex trading, corporate treasury sales, treasury and capital markets across a variety of countries

Amitabh Malhotra appointed as head of Investment Banking for HSBC India

Prior to HSBC, Amitabh worked at Rothschild India, where he was the co-head and managing director of the Global Investment Bank

HSBC's lending push faces entrenched local rivals and past mistakes in US

HSBC's underperformance in the US, where it is a relative minnow in contrast to its strong position in Europe and Asia, is partly a legacy of its disastrous foray into subprime lending in the country

New CEO's $17 bn plan for HSBC: expand key Asian markets, improve tech

HSBC is partly investing roughly two thirds of that amount by 2020 to build its presence in Hong Kong, the Pearl River Delta, and wealth in Asia. The rest will be spent on technology upgrades.

HSBC chief Stuart Gulliver ends seven-year stint; shares fall over 2%

During his last year, Gulliver managed to arrest a six-year slide in income and positioned the bank to return more cash to investors in the second quarter