News Topic: HSBC
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Diane Reyes, HSBC’s highest-ranking woman in U.S., retiring this year
HSBC tells senior executives to prepare for management revamp
HSBC set to announce sale of French retail unit to Cerberus
HSBC hires Citi’s McLane as corporate development head
A wealth of challenges for HSBC in U.S. pivot
Citizens CEO says HSBC deal ‘ticks all the boxes'
HSBC exiting U.S. retail banking to focus on wealth business
HSBC counting on AI to give investors an edge
Will HSBC's patience on fate of U.S. retail unit pay off?
The London company poured cold water on speculation a deal to divest its 152-branch network in the United States was imminent. But biding its time here while focusing on issues in other parts of its global operation could drive up the price in a seller’s ... Read full article
If HSBC’s selling its branches, who’s buying?
The U.K. banking giant is reportedly mulling an exit from retail banking in the United States. It could attract more interest if it tries to sell its network in pieces instead of looking for a single buyer, analysts say. ... Read full article
HSBC contemplates complete exit from U.S. retail banking
HSBC's management is looking at a complete withdrawal from its retail operations in the U.S., although a full exit from other businesses in the country is unlikely, according to a person familiar with the matter. ... Read full article
JPMorgan no longer stands alone as most important bank
JPMorgan Chase dropped one rung on the Financial Stability Board’s annual rankings of systemically important banks to sit alongside Citigroup and HSBC Holdings as one of the world’s three most important banks. ... Read full article
HSBC says rock-bottom interest rates may curb free bank accounts
Europe's largest lender could start charging for basic banking services "in some markets" because low interest rates meant they were losing money, Chief Financial Officer Ewen Stevenson said on a call with reporters Tuesday after the bank ... Read full article
HSBC vows to 'accelerate' U.S. cost-cutting plan
The global bank, which has already closed more than 30% of its U.S. branches this year, indicated that the pandemic is prompting it to adjust its plans on the fly. ... Read full article
How lenders aim to profit from climate change
HSBC, Bank of the West and Fannie Mae are among those offering green mortgage bonds, financing commercial clients’ efforts to rein in carbon emissions and developing other novel products that help customers tackle environmental challenges. ... Read full article
Bank job cuts expected to top 60,000 globally in 2020
Led by HSBC, European banks account for the largest share of the announced reductions, according to a Bloomberg analysis. ... Read full article
Fed corrects stress test error for Morgan Stanley, Goldman Sachs
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. ... Read full article
Big banks hire 19,000 with pandemic boosting demand for services
Eight of the top 15 firms increased headcount this year through June, while only four reduced it. ... Read full article
HSBC promotes Lowthian to head of U.S. compliance
Longtime executive Christine Lowthian had been serving as interim chief compliance officer at HSBC Bank USA since April. ... Read full article