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 ...

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' ...

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 ...

HSBC Holdings plc 3Q24 Results Presentation to Investors and Analysts Simplified organisational structure to accelerate strategic execution 1 Four connected businesses Hong Kong UK Corporate and Institutional Banking, covering clients globally International Wealth and Premier Banking, covering clients globally An 18-person ExCo streamlined to a 12-person Operating Committee Focus on increasing leadership and market share where we have a competitive advantage and the greatest opportunities to grow Deliver be ...

HSBC Holdings Plc building at Canada Square in Canary Wharf financial district on 15th August 2023 in London, United Kingdom.Boosted by strong revenue growth, Europe's largest lender HSBC on Tuesday reported third-quarter earnings that beat analysts' expectations as it embarks on a major restructuring that will see it splitting into four divisions.Here are HSBC's results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:Pre-tax profit: $8.5 ...

HSBC is calling it a simplified organization structure.But a press release issued Tuesday (Oct. 22), indicates the banking group is making big changes being implemented Jan. 1, 2025.According to the release, this strategic shift is being made in the name of streamlining decision-making and eliminating redundancies. The banking giant will reorganize into four distinct business units: Hong Kong (personal banking and commercial banking); UK (U.K. personal banking, including First Direct and M&S Bank, and U.K. ...