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The London-headquartered, Asia-focused bank is embarking on a major restructuring under its new CEO that will slash the number of senior roles. HSBC reportedly asks middle managers to reapply for ...
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.
On March 28, 2003, HSBC acquired Household International, which was merged in 2005 with a subsidiary company that became the HSBC Finance Corp. Household International CEO William Aldinger became the highest-paid director in the United Kingdom before announcing his departure in February 2005. On March 2, 2009, HSBC chairman Stephen Green said ...
By Lawrence White and Steve Slater HONG KONG/LONDON -- HSBC will redouble its cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key ...
HSBC UK Bank plc is a British multinational banking and financial services organisation based in Birmingham, England. It is a wholly owned subsidiary of the global HSBC banking and financial group, which has been headquartered in London since 1993.
London lost its top place in 2022 following Brexit and former prime minister Liz Truss’s mini-Budget. But recent political malaise in France has hit its stock market too.
Sir Noel Paul Quinn (born 13 January 1962) is a British banking businessman who has been the chief executive (CEO) of HSBC since March 2020, having succeeded John Flint. [3] He initially assumed the role on an interim basis in August 2019.
HSBC did not say what the projected cost savings might be or indicate how many jobs would be affected, but more details could emerge when the bank reports third-quarter results on Oct. 29.