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 Holdings PLC (HSBC) plans to reduce its workforce by removing hundreds of top bankers to lower costs as part of its efforts to streamline the vast organization. This was first reported by Bloomberg.Details of HSBC’s DownsizingNumerous managers in HSBC’s recently established Corporate and Institutional Banking (CIB) division have been told to apply again for their jobs, with interviews already under the way.This process effectively puts senior staff from the corporate banking division in competition wit ...

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' ...

Key Takeaways HSBC Holdings posted better-than-expected results as revenue at its wealth unit surged. The British bank also announced another $3 billion stock buyback after completing the previous one. U.S.-listed shares of HSBC Holdings rose to their highest point since 2018. U.S.-listed shares of HSBC Holdings (HSBC) advanced Tuesday as the British financial firm's third-quarter results beat forecasts and it announced another $3 billion stock buyback. The bank reported earnings per share (EPS) of $0.34, w ...

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 (NYSE:HSBC) Q3 2024 Earnings Conference Call October 29, 2024 3:45 AM ET Company Participants Georges Elhedery - Group Chief Executive Jon Bingham - Interim Group Chief Financial Officer Conference Call Participants Andrew Coombs - Citigroup Aman Rakkar - Barclays Kunpeng Ma - China Securities Amit Goel - Mediobanca Gurpreet Singh Sahi - Goldman Sachs Jeremy Hugh - CICC Katherine Lei - JPMorgan Edward Firth - KBW Operator Welcome, ladies and gentlemen, to the Analyst and Investor Webinar o ...

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 ...