HSBC to accelerate cost-cutting restructure with 35,000 job losses as profits plunge
Following a temporary suspension of its restructure due to the pandemic, HSBC confirms it will now speed up its transformation plans.
Tag: HSBC
FMSB issues good practice guide amid surge in FICC algo trading
As algorithmic trading in the FICC markets increases, the FMSB has released a statement of good practice as a transparency draft for market consultation.
HSBC introduces client clearing with HKEX’s OTC Clear
HKEX’s derivatives clearing arm OTC Clear has completed the first client trade via client clearing.
TransFICC adds ING and HSBC as investors amid plans to launch buy-side service
Recent funding round was led by Albion VC, with HSBC and ING Ventures, as TransFICC eyes launch of buy-side platform.
HSBC restructure halt to cost $380 million in lost savings
Chief executive at HSBC Noel Quinn tells analysts that pausing thousands of job cuts will cost the bank in lost savings this year.
HSBC halts 35,000 planned job cuts and global markets restructure
Plans to cut jobs and overhaul the global markets division at HSBC were confirmed by chief executive Noel Quinn earlier this year in February.
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The best bad idea ever
Stock links and connects are highly contrived and usually unnecessary, but Richard Meyer finds out that when they are needed, they tend to work well.
Noel Quinn named permanent chief executive of HSBC
Noel Quinn has been serving as interim chief executive, following the departure of former CEO John Flint last year.
HSBC combines markets and securities services divisions in major restructure
Global markets and securities services businesses will be combined at HSBC into a single unit, with new roles for its two custody heads.
HSBC to overhaul markets division in deep restructure
Equities sales and trading in Europe and the US fixed income division set for overhaul at HSBC as part of restructure plans.