hsbc
HSBC to cut around 35,000 jobs
The bank will maintain a freeze on almost all external recruitment, CEO Noel Quinn said in the memo sent to bank’s 2,35,000 staff worldwide
HSBC’s pre-tax profit falls 48% as virus batters global economy
Lender reported pre-tax profits of $3.2 billion, down 48 percent citing credit losses from clients hit by the economic slowdown
HSBC third-quarter pre-tax profit falls 18 per cent, misses forecasts
The profit was lower than the USD 5.3 billion average of analysts’ estimates compiled by the bank.
HSBC to cut up to 10,000 jobs in drive to slash costs: report
The plan represents the lender’s most ambitious attempt in years to cut costs.
Aramco likely to give IPO roles to Citi, Goldman, HSBC: source
Aramco is preparing to sell up to a 5 per cent stake by 2020-2021.
EPFO likely to appoint HSBC AMC, UTI AMC, SBI Mutual Fund as fund mangers
The appointment of the fund managers for another term of three years has been pending with the EPFO since April last year.
HSBC says CEO Flint steps down, pre-tax profit up 15.8 per cent
Flint's departure was revealed as HSBC said it was facing an ‘increasingly complex and challenging global environment.’
NCLAT dismisses contempt petition against Anil Ambani over RCom payment default
A bench headed by NCLAT Chairman Justice S J Mukhopadhaya, dismissed any contempt plea against Ambani and his officials.
As Fed rate cut looms, HSBC favours China shares over India
Shanghai shares have gained 17 per cent so far this year. But they slid about 7.6 per cent between early May and early June.
Indian companies optimistic about their growth prospects: HSBC
Survey showed that businesses in India are very optimistic about their growth prospects, despite subdued macro-economic conditions.