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Exclusive: HSBC to cut up to 300 jobs in UK commercial banking overhaul - source
Wed, Oct 21, 2020
HSBC has launched a restructuring of its commercial banking business in Britain, a source familiar with the matter told Reuters on Wednesday, resulting in around 300 job losses.
HSBC drops profit goal, warns of restructuring pain ahead as outlook darkens
Mon, Oct 28, 2019
For the third quarter ended Sept. 30, HSBC reported pre-tax profit of $4.8 billion, compared with the $5.3 billion average of analysts` estimates compiled by the bank. The Hong Kong-listed stock of the London-headquartered bank fell almost 3%.
HSBC survey: Indian business optimistic towards their growth
Wed, Jun 26, 2019
Indian businesses stood at second position in an a business optimism outlook survey over their growth prospects over the next two financial years after Indonesia, according to a survey of HSBC.
This HSBC-backed startup aims to become LinkedIn of global trade
Mon, Jun 24, 2019
In a first of its kind initiative, HSBC Holdings Plc is backing the launch of a technology startup that aims to connect small-and-medium-sized manufacturers with component suppliers in different parts of the world as part of its trade banking push.
Fast Money: These 20 shares will help you earn more today, June 03rd, 2019
Mon, Jun 03, 2019
In this segment of Zee Business know which shares will help you earn more today, June 03rd, 2019. Watch full video for more info.
HSBC plans retail wealth headcount boost; eyes Singapore expansion
Wed, May 29, 2019
HSBC Holdings PLC plans to boost its Asia retail wealth management staff by about 300 by end of this year, with Europe`s biggest lender by assets sharpening its focus on Singapore to add to its presence in core markets of Hong Kong and China.
HSBC warms up to India ahead of general polls
Tue, Nov 27, 2018
Brokerage firm HSBC upgraded Indian equities to "neutral" from "underweight" on Tuesday, saying valuations were more reasonable, investors` holdings were very low and strong earnings growth would continue next year.
In a first, HSBC makes overseas payment for RIL via blockchain
Sun, Nov 04, 2018
In a first for India, British banking major HSBC has executed a trade finance transaction involving an export by Reliance Industries to an American client using the blockchain, which massively reduced the time taken for processing the documents.
India's 'rare human wealth' can counter China's 'rare earth' deposits: Doval
Sun, Nov 04, 2018
"These days we are wondering what is going to happen to the world that it comes in the change of technology, weapons, industry, business and we find that the one thing which is going to make the most difference is what you call as the 'rare earth' which includes radioactive materials, uranium and other high potential materials," he said, pointing out that China has got the major portion of the rare earths deposits while India is scanted.
Punjab National Bank launches up to $777 million share sale
Tue, Dec 12, 2017
India`s state-run banks are raising funds as part of a recapitalisation plan in which New Delhi will inject 1.35 trillion rupees through recapitalisation bonds.
Citi, Deutsche Bank, HSBC agree to pay $132 million to settle Libor claims
Fri, Oct 13, 2017
Govt looks to raise up to Rs 11,370 crore from state-run reinsurer GIC Re's IPO
Wed, Oct 04, 2017
State-run reinsurer General Insurance Corp of India`s (GIC Re) initial public offering of shares next week seeks to raise as much 113.7 billion rupees ($1.7 billion) in what will be India`s second-biggest IPO.
HSBC sees India's economic growth unchanged at 7.1% in FY18 on lower investments
Thu, Jun 08, 2017
India's growth is likely to remain unchanged at 7.1% this fiscal, as investments are low and government spending may not remain high given the fiscal consolidation path the country is treading, says a report.
India GDP growth to remain flat at 7.1% in FY18: HSBC
Sun, Jun 04, 2017
India's economic growth is expected to remain flat at 7.1 % in current fiscal as investment is still weak and government spending might not be as high given the fiscal consolidation, says an HSBC report.
26 companies want to collaborate with India Post Payments Bank
Mon, Mar 27, 2017
They can accept demand deposits only that is savings and current accounts and will initially be restricted to holding a maximum balance of Rs 100,000 per individual customer.
HSBC plans to add about 1,000 new employees to China unit in 2017, mostly in Pearl River Delta
Fri, Mar 24, 2017
HSBC has plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm in 2017 with most of them in the Pearl River Delta.
IIM Calcutta 2017 batch registers 100% placement in 3 days; Finance sector leads the offers made at 29%
Fri, Mar 03, 2017
IIM Calcutta's Post Graduate Diploma in Management program students of 2017 batch have registered 100% placement within three days with the highest international package amounting to 90,000 euros (Rs 63 lakh) per annum.
HSBC reveals ongoing tax evasion probe in India, US, France, others
Mon, Feb 27, 2017
HSBC bank in its recently released annual report has revealed tax evasion probe carrried against the bank, HSBC Swiss Private Bank and other HSBC companies in US, France, Belgium, Argentina and India.
HSBC discloses tax evasion probes in India, other countries
Sun, Feb 26, 2017
Disclosing the "tax-related investigations" in its latest annual report published last week, HSBC further said it has set aside $773 million (over Rs 5,000 crore) as a provision for various tax- and money laundering-related matters.
HSBC's India headcount rises by 4,000 despite global drop
Sun, Feb 26, 2017
"Our main centres of employment were the UK with approximately 45,000 employees, India 37,000, Hong Kong 29,000, mainland China 24,000, Mexico 16,000, the US 13,000 and France 9,000," HSBC has said in its latest annual report.