HSBC will shed some 35,000 jobs as part of a deep overhaul to focus on faster-growing markets in Asia and as it tries to cope with a slew of global uncertainties ... 53% to $6 billion in 2019 ...

HSBC Bank says its net profit fell 53 percent in 2019 to $6 billion, due in large part to a $7.3 billion write-off related to its global and commercial banking teams in Europe, according to CNN.

At least 500 people at the bank could lose their job within global banking and markets ... immediate costs of making people redundant to the HSBC parent company, rather than shouldering the ...

Similar to HSBC, many other global banks are restructuring their business models amid inflation, increased interest rates and regulatory overhauls. Last year, Barclays PLC BCS initiated job cuts ...

Banking giant HSBC ... jobs cuts in the UK and worldwide as it seeks to slash costs by 1.5 billion US dollars (£1.2 billion) by the end of 2026. The group said it will look to reduce its global ...

HSBC has announced plans to cut almost 50,000 jobs from its payroll ... it will shrink the global banking and markets division to less than one third of HSBC's $2.6 trillion balance sheet from ...

HSBC has announced a major restructuring under ... Reports have indicated that this overhaul could result in job cuts among the bank's highly paid senior bankers, particularly within the extensive ...

Those affected by the move include Steven Major, HSBC’s Dubai-based global head of fixed income research, the sources said, asking not to be identified discussing confidential information. Most of the ...

HSBC is forcing managers in its newly formed corporate and institutional banking arm to reapply for their jobs as part of a sweeping cost-cutting drive, according to reports. Hundreds of managers have ...

LONDON (Reuters) -HSBC's decision to shutter international payments app Zing is likely to trigger around 400 job losses ... designed to complement HSBC's Global Money product available to its ...

At least 400 employees of HSBC are likely to lose jobs after the bank’s decision ... The app was designed to complement HSBC's Global Money product available to its international Wealth and ...