HSBC sets sights on Asia as profits plummet
The bank said it would be targeting wealth management and commercial banking to achieve ‘double digit growth’ in Asia alongside pledging to invest $6 billion in the region.
Tag: HSBC
HSBC launches AI pricing chatbot for foreign exchange options
The chatbot uses natural language processing to analyse information from numerous sources and distribute it to clients as well as internally within the bank.
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.
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.
Asia
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.