HSBC
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HSBC Pushing Ahead With Job Cuts As Part Of Restructuring Plan
HSBC is aiming to reduce its workforce from 235,000 employees to around 200,000 in the short-term. HSBC is aiming to reduce its workforce from 235,000 employees to around 200,000 in the short-term. -
Standard Charter Claims Hong Kong's National Security Law Can Stabilize Hong Kong's Economy
Two of the largest banks in Europe showed their support for China's National Security Law in Hong Kong. Two of the largest banks in Europe showed their support for China's National Security Law in Hong Kong. -
PayMe Hits 2 Million-User Milestone As Online Transactions Surge
PayMe reported a dramatic increase in new registrations to its payments platform over the past months as a direct result of the restrictions imposed to control the spread of the coronavirus. PayMe reported a dramatic increase in new registrations to its payments platform over the past months as a direct result of the restrictions imposed to control the spread of the coronavirus. -
HSBC Affirms No Dramatic 'V-Shaped' Recovery from Global Recession
Stunned consumers unsure of their job security are expected to spend slowly and less as countries reopen for business, making for a U-shaped economic recovery. Stunned consumers unsure of their job security are expected to spend slowly and less as countries reopen for business, making for a U-shaped economic recovery. -
HSBC To Fully Acquire Chinese Life Insurance Joint Venture
HSBC will be purchasing the remaining 50 percent stake in its Chinese joint venture life insurance company from its partner National Trust. HSBC will be purchasing the remaining 50 percent stake in its Chinese joint venture life insurance company from its partner National Trust. -
HSBC First-Quarter Profits Fall By Nearly 50 Percent Amid Ongoing Crisis
HSBC attributed its poor performance for the quarter on the economic impact of the coronavirus pandemic and the continually lowering global oil prices. HSBC attributed its poor performance for the quarter on the economic impact of the coronavirus pandemic and the continually lowering global oil prices. -
Economic Crisis Forces UK On Recession
The FTSE 100 experienced its worst quarter since the Black Monday as US stocks in Wall Street also experienced significant declines. The FTSE 100 experienced its worst quarter since the Black Monday as US stocks in Wall Street also experienced significant declines. -
HSBC To Delay Massive Overhaul Plans Amid Ongoing Crisis
HSBC Holdings announced that it will be holding off its previously announced restructuring plan to support its staff during these uncertain times. HSBC Holdings announced that it will be holding off its previously announced restructuring plan to support its staff during these uncertain times. -
HSBC Merges Two Of Its Businesses To Promote Global Growth
HSBC's restructuring plan would include the merger of two of its businesses to promote global growth amid financial tensions in Asia. HSBC's restructuring plan would include the merger of two of its businesses to promote global growth amid financial tensions in Asia. -
HSBC Undergoes Major Overhaul With 35,000 Job Cuts
Cutbacks will extend into parts of Europe and US investments as HSBC also slashes its retail network by 30 percent Cutbacks will extend into parts of Europe and US investments as HSBC also slashes its retail network by 30 percent