The redundancies will be staggered over several weeks and months, based on performance and to streamline operations.

Some cuts are already under way, but wider layoffs will begin as early as Feb 17, sources said. Read more at straitstimes.com ...

The latest phase of cuts will start in Asia, but will ultimately affect employees globally, according to sources, who asked ...

HSBC announced two weeks ago that it would quit M&A advisory and equity capital market activities in the UK, the rest of ...

Robert Thomas Dechant, the Chief Executive Officer of IBEX Ltd (NASDAQ:IBEX), recently sold 5,000 common shares of the company. The sale comes as IBEX shares trade near their 52-week high of $27.83, ...

HSBC set to unveil bigger profits as cost-cutting overhaul in focus - Rivals Barclays and NatWest set the tone for the ...

ECONOMISTS noted on Friday that the Bangko Sentral ng Pilipinas’ (BSP) recent move of hitting the brakes on policy rate cuts will help lessen the risk of foreign exchange-induced inflation, taking ...

UK CPI (Jan) – 19/02 – having cut interest rates by 25bps at its recent meeting the Bank of England will be hoping that the ...

HSBC global economist James Pomeroy recently visited the Isle of Man for the first time to provide an update to the bank’s ...

The rise of China's DeepSeek AI model is boosting Chinese tech firms including Alibaba, Baidu, and Xiaomi.

Investors in BNP Paribas are starting to consider who might lead the bank once long-time chief executive Jean-Laurent Bonnafe ...

JPMorgan and HSBC – who have access to huge gold supplies in London – often lend out bullion to borrowers who need to use it ...