Major bank does huge u-turn on fees after claiming it emailed millions of customers by MISTAKE
A MAJOR high street bank has made a huge u-turn on fees after claiming it made a mistake. HSBC introduced a series of updated ...
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HSBC’s Kettner downgrades U.S. stocks to sell
Given the concerns, HSBC is shifting allocations away from U.S. assets. The bank prefers European government bonds (EGBs) ...
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Here’s What HSBC’s Investing Changes Mean for Your Portfolio
HSBC recently made a major announcement that will impact account holders and investors. The company is winding down some of its equities businesses in Europe and the Americas. The bank is also ...
HSBC puts bankers on ‘gig economy’ contracts amid scramble to cut costs
HSBC has put some staff on short-term “gig economy” contracts as part of an aggressive cost-cutting drive overseen by its new ...
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HSBC to redeploy US$1.5 billion to Hong Kong, Asia from ‘low-return’ markets as CEO cuts costs
HSBC Holdings said it would invest more resources in Hong Kong’s wealth-management products and services in the coming years, as the city’s biggest commercial bank restructures to cut costs ...