FTSE 100 Live 19 February: Inflation jumps to 3%, HSBC unveils cost savings plan
HSBC is to target savings of $1.5 billion (£1.2 billion) by the end of 2026 as chief executive Georges Elhedery seeks to ...
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 ...
Explained: Why banks are flying gold worth billions from London to New York amid Trump tariff fears
Gold prices are rising globally, but fears of U.S. tariffs on European imports have driven a price spike in New York.
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 ...
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 ...
Banks like JPMorgan and HSBC are flying gold worth billions from London to New York. Here's why
The stampede to get gold to the US comes at a time when President Donald Trump has said that Europe’s trade stance was an ...
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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 ...
US Banks Are Flying Gold Worth Billions Of Dollars From London To New York. Here's Why
The gold rush is largely driven by Trump's tariff threats, which have caused gold prices in London to drop by around $20 ...
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 ...
Why are bankers bringing gold en masse to New York
The additional duties announced by US President Donald Trump in various fields are already beginning to have interesting ...