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HSBC has reportedly asked some managers to reapply for their jobs as part of a cost-cutting restructure. Bloomberg reported Monday that hundreds of senior staff will likely lose their jobs.
Anna Wise, PA Business Reporter October 29, 2024 at 10:05 AM HSBC has said it will cut senior banker roles over the coming months in a bid to reduce costs after revealing a nearly 10% jump in profits.
The UK headquarters of HSBC is located at One Centenary Square in Birmingham. HSBC UK Bank plc is one of the four major clearing banks in the United Kingdom. The business ranges from the traditional high street roles of personal finance and commercial banking, to private banking, consumer finance as well as corporate and investment banking ...
Upon the departure of John Studzinski in 2006, he was appointed chief executive of global banking and markets and HSBC Global Asset Management in May 2006. He was a director of HSBC North America Holdings Inc until May 2009; of HSBC Bank Middle East Ltd from February 2010 to May 2011; of HSBC Latin America Holdings (UK) Limited until December ...
HSBC Holdings plc (Chinese: 滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business links to East Asia and a multinational footprint.
HSBC has agreed to sell its business in Argentina to Grupo Financiero Galicia — the largest private financial group in the country — for $550 million, the UK-based bank said Tuesday.
This came as a surprise after HSBC sold its branch network in Upstate New York in 2012 to First Niagara, KeyBank, Community Bank, N.A. and Five Star Bank. In January 2019, HSBC announced it would open two new branches in Western New York, as part of the bank’s initiative to open 50 branches in new and existing markets in the United States.
HSBC, the report said, didn’t just look the other way when it came to illegal transactions. Bank employees stripped out references to Iran, which was under U.S. sanction, to avoid detection. HSBC’s Mexico operation also ran a special “Cayman Islands branch” where any Mexican citizen could open a U.S. dollar account.