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.
Tag: HSBC
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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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.
HSBC trades first interest rate swap through CIBM clearing model
The bank acted as the counterparty and settlement agent for the interest rate swaps trade by Singapore investment firm Dymon Asia.
HSBC’s European credit trading head joins BCS Global in senior markets role
Maxim Safonov joins BCS Global Markets after more than two years leading local rates and credit trading for HSBC in Europe.
US banks dominate European fixed income market share
JP Morgan nabs top market share in European fixed income, as e-trading grows to 45% of overall trading in the market in 2019.
HSBC invests in OpenFin as funding to date reaches $45 million
HSBC joins major investors in operating system provider OpenFin, including as Barclays, CME Group, DRW, JP Morgan and Wells Fargo.