HSBC is contemplating a reduction of approximately 20000 jobs globally over the coming three to five years, as it seeks to leverage artificial intelligence to optimise its administrative functions. This
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HSBC has announced a record bonus pool of $3.93 billion, marking the largest sum awarded since 2011. This increase follows the bank realising better-than-expected profits, attributed to effective management strategies
HSBC is taking urgent steps to prevent substantial losses on loans amounting to tens of millions of pounds extended to BrewDog, a craft beer enterprise that is now confronting the
HSBC and Barclays are embroiled in a significant legal battle, facing a twelve billion dollar lawsuit linked to allegations surrounding La Hougue, a now-defunct offshore trust business. This trust is
The Barclay brothers, Howard and Aiden, have been granted a six-week period to reach an agreement with their creditors. This time frame follows a recent High Court hearing where Justice
Three of Britain’s leading banks, Lloyds, NatWest, and HSBC, are facing sharp criticism following revelations that they leaned on a discredited study to inform decisions related to climate risk and
UK retail magnate Mike Ashley has pledged approximately £670 million worth of shares in Frasers Group as collateral for a personal loan facility with HSBC. According to a recent stock
HSBC has made headlines by announcing it will now lend homebuyers up to 6.5 times their annual income, marking one of the most generous mortgage deals currently available on the
HSBC’s chief financial officer has raised a red flag regarding growing risks in the private credit market, expressing particular concern about hedge funds and smaller banks with significant exposure to
HSBC is facing a substantial blow of $1.1bn (£826m) following a loss in a protracted legal battle linked to Bernie Madoff’s infamous Ponzi scheme. The banking giant has announced it
HSBC has moved to consolidate its position in Asia by announcing a £10.7 billion-pound acquisition of the remaining 36 per cent of Hang Seng Bank that it does not already
Ian Stuart, the chief executive of HSBC UK, has revealed that the bank faces relentless cyber-attacks, making cybersecurity its largest expenditure. He informed MPs during a Treasury select committee hearing
HSBC, the London-based bank with deep roots in Asia, has cautioned that US-China trade tensions are already taking a toll on global trade volumes. The bank, which is the world’s
HSBC, Britain’s largest bank, has unveiled an ambitious cost-cutting programme that will reduce its workforce costs by 8 per cent, targeting savings of $1.5 billion. The bank’s new chief executive,
HSBC, one of the world’s largest banking organisations, is undertaking a strategic review of its retail banking operations outside its core markets of the UK and Hong Kong, potentially leading
