Banking giant HSBC is facing a lawsuit in Australia over alleged fraud-prevention failures.The Australian Securities and Investments Commission (ASIC) announced Monday (Dec. 16) that it was suing HSBC Australia, accusing the bank of failing to have proper controls to identify and stop unauthorized payments. “We allege HSBC Australia’s failings were widespread and systemic, and the bank failed to protect its customers,” ASIC Deputy Chair Sarah Court said in a news release.“We allege that from at least Januar ...

HSBC is reportedly considering scaling back its retail banking operations in Mexico, Malaysia, Indonesia and some other countries.The bank is considering focusing only on wealthier clients in these markets as it looks to cut costs and focus on its core markets, which are the United Kingdom and Hong Kong, the Financial Times (FT) reported Thursday (Dec. 12), citing unnamed sources.No decision has been made on these changes, according to the report.HSBC did not immediately reply to PYMNTS’ request for comment ...

HSBC Holdings PLC (HSBC) plans to close its credit card operations in China as it faces challenges to achieve growth and profitability in the region. This was reported by sources with knowledge of the matter to Reuters.Details of HSBC’s Credit Card Operations ClosureHSBC has ceased the issuance of new cards and is aiming to wind down the service offered to a major chunk of China's onshore customers. The closure is taking place following unsuccessful attempts to divest the business.The bank is still finalizi ...

HSBC裁员计划 - HSBC计划削减数百名高级银行家以降低成本精简组织 [1] - HSBC的公司和机构银行（CIB）部门的众多经理被要求重新申请工作面试正在进行中这一过程使公司银行部门的高级员工与全球银行和市场部门的员工竞争且公司将停止使用总经理头衔改为提供董事总经理头衔 [2] - 此次改革是HSBC新任首席执行官Georges Elhedery发起的计划的一部分旨在节省3亿美元（2.38亿英镑）成本从2025年1月起HSBC将按东西部市场划分业务并重组包括CIB部门在内的四条业务线 [3] - HSBC一直在积极重组业务以提高运营效率已从法国和加拿大等非核心地区退出并减少在南非的业务这与其向亚洲核心增长地区的转变一致该地区有更高的长期回报潜力 [4] - 2020年公司宣布转型计划重塑表现不佳的业务简化复杂组织并降低成本到2022年底实现了56亿美元的总节省成本支出为65亿美元 [5] - 公司预计在2023年行动的推动下今年将实现额外的成本节省2020年在时任首席执行官Noel Paul Quinn的领导下HSBC启动了一项重大重组计划包括削减3.5万个工作岗位以适应新冠疫情带来的经济挑战 [6] - Elhedery进一步削减中层管理的计划可能是之前战略的延续使银行的运营结构与其全球重点保持一致 [7] - 削减中层管理这一举措表明在经济压力下银行业的一种更广泛趋势通过削减中层管理HSBC可能能够降低成本改善决策并将更高的权力下放给基层员工 [8] - 在过去六个月里HSBC在纽交所的股票上涨了5.1%而行业下跌了10.1% [9] 其他银行类似举措 - 本月早些时候德意志银行（DB）裁掉了111名高级经理特别是零售和财富管理部门的董事和董事总经理这些变化符合银行削减高薪职位以降低费用的战略 [11] - 根据英国《金融时报》的报道该部门还将对外部顾问的依赖削减了75%超过了2024年初设定的70%的初始目标这一重组努力是在DB加强成本削减举措以降低成本收入比之际进行的 [12] - 今年早些时候富尔顿金融公司（FULT）在收购失败的共和第一银行后决定在其新泽西州劳雷尔山的所在地裁员111人作为消除冗余职位努力的一部分根据向该州劳工和劳动力发展部提交的通知裁员将在11月11日至12月27日之间生效FULT决定将一些被裁职位重新设计为新职位并保留一些被裁职位的员工 [13]

Advertisement HSBC has reportedly asked some managers to reapply for their jobs as part of a cost-cutting restructure.Bloomberg reported Monday that hundreds of senior staff will likely lose their jobs.HSBC declined to comment when contacted by Business Insider.HSBC has asked some managers to reapply for their jobs in its newly created corporate and institutional banking division as part of a cost-cutting drive, Bloomberg reported.Citing people familiar with the matter, Bloomberg said that the interview pr ...

HSBC reportedly wants hundreds of managers to reapply for jobs at the bank’s new division.Interviews for positions at HSBC’s corporate and institutional banking (CIB) arm have already begun, Bloomberg News reported Monday (Nov. 18), citing sources familiar with the matter.These interviews — part of new CEO Georges Elhedery’s push for greater efficiency — have essentially pitted senior staff from HSBC’s commercial banking unit against those from the global banking and markets business in competition for CIB ...

LONDON, Nov. 01, 2024 (GLOBE NEWSWIRE) -- Aercap Sukuk Limited  Post Stabilisation Notice HSBC (contact: syndexecution@noexternalmail.hsbc.com) hereby gives notice that no stabilisation was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities. Issuer:Aercap Sukuk LimitedObligor (if any):International Lease Finance CorporationInitial Guarantors (if any):AerCap Holdings N.V., AerCap Global Aviation Trust, AerCap Aviation Solutions B.V., AerCap Ireland L ...

Shares of British-Asian banking giant HSBC Holdings plc (NYSE: HSBC ) have had a solid enough year so far, matching European financials, iShares MSCI Europe Financials ETF ( EUFN ) with a ~20% return. That run looks set to continue following recently released I like to take a long term, buy-and-hold approach to investing, with a bias toward stocks that can sustainably post high quality earnings. Mostly found in the dividend and income section. Blog about various US/Canadian stocks at 'The Compound Investor' ...

文章核心观点 - 汇丰银行第三季度业绩超预期,其财富管理部门收入大幅增长近13% [1] - 汇丰银行宣布再启动30亿美元股票回购计划 [2] - 汇丰银行美国上市股价创2018年夏季以来新高 [1][2] 财务数据总结 - 汇丰银行第三季度每股收益为0.34美元,同比增长 [1] - 第三季度收入同比增长5%至170亿美元,超出分析师预期 [1] - 财富管理部门收入增长近13%至74.1亿美元,手续费收入增长4%至31.2亿美元 [1] 管理层评论 - 汇丰银行集团首席执行官表示"我们的战略正在奏效" [2] - 分析师认为业绩"稳定",但投资者希望听到更多关于集团战略的信息 [2]

HSBC Holdings (HSBC) reported a third-quarter 2024 pre-tax profit of $8.5 billion, up 9.9% from the prior-year quarter. The reported quarter included a loss on the early redemption of legacy securities and disposal losses tied to treasury repositioning and risk management. This was partly offset by a gain on foreign exchange hedges relating to the disposal of banking business in Canada.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Results were aided by a decline in expected credit ...