Page 11 - Hsbc

HSBC's political tightrope act in Hong Kong opens up internal fault lines

Bank's statement on the eve of the June 4 anniversary of the 1989 crackdown in Tiananmen Square of a looming security law heightened worries among both executives and rank-and-file over staff conflict

Banks to non-profit: How Luis Miranda made connecting with people his asset

Miranda tells Anjuli Bhargava how his life has been a series of happy accidents and unexpected connections

HSBC appoints interim boss Noel Quinn as chief executive officer

Unicredit boss Jean Pierre Mustier and incoming UBS Group Ralph Hamers were among those reported to have caught Tucker's eye

HSBC files winding up plea in Singapore court against IL&FS subsidiary

As per a notice published in Singapore's government gazette on March 3, HSBC filed its application for winding up of ITNL Offshore Pte Ltd in Singapore High Court on February 27

HSBC plans to slash 35,000 jobs after profits slid by a third last year

The Asia-focused lender has been trying to lower costs as it faces a multitude of uncertainties caused by the grinding US-China trade war

Facebook, HSBC and other firms curb staff travel to China as virus spreads

The United States warned on Monday that Americans should "reconsider" visiting all of China, while South Korea elevated its travel warning on Tuesday, advising its citizens to stay away

Hong Kong's iconic HSBC lion statues caught in protest cross hairs

The lions were confiscated by Japanese during World War II and shipped to Japan to be melted down. They were rescued in 1945 from Osaka dockyard and restored to their former positions following year

HSBC draws Hong Kong protesters' ire as several branches vandalised

Hong Kong is the bank's single most important market, accounting for just over half of its $12.5 billion pre-tax profits in the first half of 2019

HSBC's private Swiss arm to pay $192 million fine in US tax evasion case

In 2002, the bank had more than 720 undeclared US client relationships with a total value of more than $800 million

HSBC swaps paper records for blockchain to track $20 bn worth of assets

The HSBC platform will digitise paper-based records of private placements, using blockchain to reduce the time it takes investors to make checks or queries on holdings

Almost all domestic firms optimistic about growth from 2020: HSBC survey

Over the next five years, half of the companies surveyed in the country are expecting sales growth of 15% or more

IIM-A kicks off summer placements, BCG top recruiter in 'Cluster 1'

In the investment banking & markets cohort, HSBC was the highest recruiter, extending eight offers

HSBC misses third quarter profit estimates; drops profitability goal

The Europe's largest lender, reporting results for the first quarter since the ouster of former chief John Flint, said adjusted pretax profit fell 12 per cent to $5.3 billion

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