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HSBC plans job cuts worldwide as part of plans to cut costs by $1.5bn
Europe's largest bank HSBC has revealed it is kicking off a round of jobs cuts worldwide as it seeks to slash costs by $1.5bn ...
Hundreds of HSBC managers reportedly told to reapply for their jobs as bank slashes costs
The bank's pre-tax profit for 2024 rose 6.6 per cent to US$32.3 billion, higher than analysts' forecast. Read more at ...
HSBC announces share buyback of up to $2 billion as annual profit jumps 6.5%
Europe's largest lender HSBC on Wednesday announced a share buyback of up to $2 billion as its annual pre-tax profit rose 6.5 ...
Why are banks flying out gold from London to New York?
The US bank JPMorgan and the UK’s HSBC are reportedly shifting gold bars from London to New York. About 8,000 gold bars are ...
Trump tariffs have JPMorgan flying gold from London to New York—but big banks also find an arbitrage opportunity
Fears that Trump could impose a blanket tax on all imports from Europe, including gold, has prompted a massive influx of the ...
HSBC Sees $1.8 Billion Cost Over Two Years in Elhedery Revamp
HSBC Holdings Plc expects $1.8 billion in costs over the next two years as it embarks on a global restructuring program that has seen the lender shutter some of its businesses and slash management ...
Gold rush: Why JPMorgan, HSBC are pulling bullion from Bank of England
The current flood of gold shipments has created bottlenecks in London with the Bank of England struggling to keep up with ...