HSBC's global brand in the balance as it doubles down on Asia bet
HSBC Chairman Mark Tucker leaned into the microphone at a vast conference table in Beijing, telling British business leaders ...
HSBC’s Longshot Dream of Rivaling Wall Street Comes to an End
For years HSBC Holdings Plc harbored dreams of becoming a major player on Wall Street and in the City of London. This week, ...
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HSBC’s Zing shutdown a $150m innovation misstep, says GlobalData
The failed Zing initiative represents a cautionary tale about why some traditional banks struggle to innovate successfully ...
HSBC plans biggest investment banking retrenchment in decades
HSBC is preparing to wind down its M&A and equity capital markets businesses in Europe, the UK and the Americas as part of a ...
HSBC upgrades Corning to Buy on improving demand trends
HSBC analyst Stephen Bersey last night upgraded Corning (GLW) to Buy from Hold with a price target of $60, up from $51, post the Q4 beat. The ...
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Leaked HSBC memo shows bank making huge cuts in UK and US to focus on Asia
HSBC’s decision to exit the M&A and ECM markets outside Asia is seen as a blow to London’s reputation as a global hub for ...
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HSBC sunsets year-old app Zing
The money transfer app, launched with initial plans to compete in the U.K. with fintechs like Wise and Remitly, will be ...
HSBC admits defeat
Plus, Brighthouse Financial considers a sale as asset managers clamour for insurers and Golden Goose lands a non-IPO deal ...
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HSBC can't compete with Wall Street giants, plans scale-back
HSBC lacks the scale in New York, London or continental Europe to compete against Wall Street giants, and the move is aimed ...
HSBC Workers Should Lose Bid for Wage Class Status, Judge Says
HSBC Bank USA NA personal bankers failed to meet certification requirements and the district court should block them from ...