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HSBC
40.52
+0.32%
0.13
Deutsche Bank said to have culled dozens of private banking roles in Asia
Deutsche Bank said to have cut as many as 60 private banking roles in Singapore and Hong Kong over the past year. Some 10 roles have been cut in the past week, according to a report. News comes as the German lender focuses on lucrative markets in Asia. Morgan Stanley is also said to be planning to cut jobs in the region.
Seeking Alpha · 5h ago
PRECIOUS-Gold on track for weekly rise as Middle East risks loom
Gold on track for weekly rise as Middle East risks loom Tehran plays down suspected attack by Israel Gold up over 2% for the week Platinum, palladium down for the weekend. Spot gold prices up 0.7% on Friday and 2.2% this week. Fears of retaliation between Iran and Israel triggered safe-haven demand.
Reuters · 7h ago
BUZZ-Australia's Genetic Technologies tumbles on discounted placement in US
Shares of Genetic Technologies GTG.AX fall as much as 25.7% to A$0.130. Stock hits its lowest level since April 4. Molecular diagnostics co announces a $2 mln direct offering for its American depository shares in U.S.
Reuters · 16h ago
HSBC Holdings Advances Share Buy-Back Program
TipRanks · 1d ago
FACTBOX-What to expect in 2024: Forecasts for GDP, inflation and other assets
Major banks release forecasts for global growth, inflation and other assets in 2024. HSBC, BofA Global Research, Wells Fargo Investment Institute provide forecasts for 2024. Forecasts come as major central banks across the globe have indicated interest rate cuts this year. U.S. Consumer prices are expected to rise more than expected in March.
Reuters · 1d ago
HSBC Progresses With Share Buy-Back Program
TipRanks · 2d ago
Morgan Stanley, HSBC said to cut Asia investment-banking jobs
Seeking Alpha · 2d ago
Morgan Stanley and HSBC Cut Asia-Pacific Jobs Amid Slowing Deals.
TipRanks · 2d ago
REFILE-WRAPUP 4-Morgan Stanley, HSBC cutting Asia investment banking jobs on China deals slowdown
Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific region this week. The cuts come on the back of weaker dealmaking and sluggish markets in China and Hong Kong. Morgan Stanley is cutting at least 50 jobs, sources say, affecting around 13% of its Asia investment banking workforce. The moves are among the largest for the banks' China-focused investment banking teams.
Reuters · 2d ago
WRAPUP 4-Morgan Stanley, HSBC cutting Asia investment banking jobs on China deals slowdown
Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific region this week. The cuts come amid a slowdown in dealmaking and sluggish markets in China and Hong Kong. Morgan Stanley is cutting at least 50 jobs in Asia Pacific this week, sources say. HSBC is expected to cut around 30 dealmakers in the region.
Reuters · 2d ago
Morgan Stanley To Slash Jobs In Asia-Pacific Region: Report
Morgan Stanley plans to initiate workforce reductions in the Asia-Pacific region. The company intends to cut approximately 50 jobs, primarily in Hong Kong and China. The reductions represent about 13% of the region's bankers, excluding Japan. The decision comes amid declining revenues in Asia, particularly in China.
Benzinga · 2d ago
CORRECTED-WRAPUP 2-Morgan Stanley, HSBC cutting dozens of Asia investment banking jobs on deal slowdown
Morgan Stanley, HSBC cutting dozens of Asia investment banking jobs on deal slowdown. Morgan Stanley is cutting at least 50 jobs in the region starting this week, sources say. Money raised via China IPOs plunged 82% and two-thirds in the first quarter. The cuts are among the largest to the two banks' China-focused investment banking teams.
Reuters · 2d ago
Spanish stocks - Factors to watch on April 17
Spanish stocks may be affected by reports and other factors on Wednesday. Acciona Energia to restructure its businesses in Brazil. Ferrovial has filed documentation to be listed in the U.S. Virgin Media O2 has clinched a deal to offer mobile phone services in remote rural areas of the UK.
Reuters · 2d ago
Why HSBC Stock Got Rocked Today
HSBC is reportedly laying off workers in its investment-banking operations in two major Asian markets. The bank's U.S.-listed shares lost more than 2% of their value on Tuesday. The company is in the process of laying off employees in Hong Kong and Singapore. The Chinese and Hong Kong markets have been struggling.
The Motley Fool · 2d ago
Why HSBC Holdings Shares Are Falling Today
HSBC Holdings, Plc. Has reportedly initiated a fresh wave of job cuts at its Asia investment bank. The company reduced its workforce by approximately a dozen bankers within its investment banking division in Asia. HSBC follows other Wall Street firms in cutting jobs in Asia amid a decline in dealmaking.
Benzinga · 3d ago
Bloomberg Reported Earlier. HSBC Cuts A Dozen Investment Bankers In Asia On Deals Slump
Benzinga · 3d ago
UPDATE 2-Europe's STOXX 600 slides in broader market decline on geopolitical jitters
Europe's STOXX 600 slides in broader market decline on geopolitical jitters. Europe's main stock index its biggest one-day drop in over months with miners and banks leading losses. The pan-European SToXX 600 closed 1.6% down, touching its lowest level since March 7. Higher euro zone bond yields also pressured equities. European Central Bank policymakers stick with June rate cut plan.
Reuters · 3d ago
PRESS DIGEST - Wall Street Journal - April 16
US Justice Department is preparing to sue Live Nation as soon as month. Tesla plans to slash more than 10% of its global workforce. New York Times Co. Ends investigation into whether staffers leaked confidential information about its Gaza war coverage. The Wall Street Journal lists the top stories in the paper.
Reuters · 3d ago
HSBC Executes Major Share Buy-Back
TipRanks · 3d ago
HSBC Declares Q4 Dividend for Shareholders
TipRanks · 3d ago
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About HSBC
HSBC Holdings plc (HSBC) is a banking and financial services company. The Company’s segments include Wealth and Personal Banking (WPB), Commercial Banking (CMB) and Global Banking and Markets (GBM). WPB provides a range of retail banking and wealth management services, including insurance and investment products, global asset management services, investment management and private wealth solutions for customers. CMB offers a range of products and services to serve the needs of commercial customers, including small and medium-sized enterprises, mid-market enterprises and corporates. These include credit and lending, international trade and receivables finance, commercial insurance and investments. GBM provides tailored financial solutions to government, corporate and institutional clients and private investors worldwide. The Company operates across various geographical regions, which include Europe, Asia-Pacific, Middle East and North Africa, North America, and Latin America.