HSBC is ditching its target of reaching net-zero carbon emissions across its business by 2030 because of slow change in the ...

Thanks for your patience, and we’re sorry for any inconvenience. — HSBC UK (@HSBC_UK) February 11, 2025 In a further statement shortly after, the bank said: “We’re working hard to fix an intermittent ...

HSBC is planning to axe parts of its investment banking business in the UK. In a huge shake-up, the banking giant is preparing to wind up its mergers and acquisitions (M&A) and equity capital ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC will shut key parts of its investment banking business in the UK, Europe and the Americas as part of ...

HSBC is trying to cut costs as a global rate-cutting cycle threatens to dampen profits HSBC is set to wind down parts of its investment banking operations across the UK, Europe and North America ...

A spokesperson for the UK-headquartered bank, which employs around 220,000 people globally, confirmed the contents of the memo. Since the global financial crisis, HSBC has been scaling back its ...

It was launched in the UK in January 2024. HSBC confirmed it plans on shutting down Zing as part of a wider overhaul and to cut down costs. The closure will reportedly put up to about 400 jobs at ...

"Zing customers will be informed of an alternative option to become bank customers of HSBC UK and use the Global Money proposition." The Global Money Account lets customers transfer cash to other ...

we have made the decision to close Zing and integrate its underlying technology platform into HSBC. READ MORE: Millions of workers handed 'extra time off' work due to UK law change READ MORE: Severn ...

In a report released today, Andrew Coombs from Citi maintained a Buy rating on HSBC Holdings (HSBA – Research Report), with a price target of £9.60. The company’s shares closed yesterday at ...

According to a leaked internal staff memo sent today, HSBC is scaling back its investment banking operations in the UK, Europe, and the Americas as part of CEO Georges Elhedery’s restructuring ...

HSBC is to shut down parts of its investment banking operations in the UK, Europe and the Americas as bosses continue their overhaul of the banking giant. Georges Elhedery has overseen a significant ...