HSBC

Bank job cuts expected to top 60,000 globally in 2020

09/16/20

Led by HSBC, European banks account for the largest share of the announced reductions, according to a Bloomberg analysis.

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Fed corrects stress test error for Morgan Stanley, Goldman Sachs

09/04/20

The central bank said it had miscalculated the loss rates for certain public welfare investments, which led to incorrect capital requirements for the two companies.

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Big banks hire 19,000 with pandemic boosting demand for services

08/12/20

Eight of the top 15 firms increased headcount this year through June, while only four reduced it.

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HSBC promotes Lowthian to head of U.S. compliance

07/23/20

Longtime executive Christine Lowthian had been serving as interim chief compliance officer at HSBC Bank USA since April.

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Software for detecting financial crime is in high demand. Here’s why.

07/15/20

Banks' fear of big penalties, the changing tactics of nimble criminals and a greater openness among regulators to new approaches are among the factors driving big investments.

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HSBC plans to double mobile bank users in cost-cutting drive

06/26/20

HSBC is planning to shift services away from its branches in a push to make more of its customers migrate to its digital and mobile channels as it embarks on a massive cost and jobs cutting program.

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HSBC resuscitates plan to cut 35,000 jobs to boost growth

06/17/20

The bank joins rivals such as Deutsche Bank AG and UniCredit SpA in forging ahead with job cuts that were put on hold at the outset of the pandemic.

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FDIC eyeing bank dividends; Morgan Stanley sued by former diversity head

06/17/20

Banks paid out nearly twice as much as they earned in the first quarter; Marilyn Booker, a managing director, said she was fired in December for pushing too hard on a diversity plan.

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Bank stocks slump on Fed forecast; Quicken going public

06/12/20

Financials drop 8.2% on prediction of low rates through 2022 and dim economic outlook; the largest mortgage originator and a top challenger to traditional lenders has filed what may end up being the year's largest initial public offering.

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PPP moves to stage two; HSBC chided for 'kowtowing' to Beijing

06/10/20

Small businesses that took out the loans will soon be applying for forgiveness; U.S. Secretary of State Pompeo and one of HSBC's large investors criticized the bank for buckling to Chinese pressure.

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