HSBC reported Q3 revenues

The FINANCIAL — HSBC Holdings released Q3 2020 earnings.  Noel Quinn, Group Chief Executive, said: “These were promising results against a backdrop of the continuing impacts of Covid-19 on the global economy. I’m pleased with the significantly lower credit losses in the…

7 mins read

HSBC plans to become net zero bank

The FINANCIAL — HSBC announced an ambitious plan to prioritise financing and investment that supports the transition to a net zero global economy, citing a landmark opportunity to build a thriving, resilient future for society and businesses. The bank is committing to…

6 mins read

HSBC plans to slash 35 000 jobs worldwide

The FINANCIAL — HSBC announced it will cut 35,000 jobs over three years as part of a major shake-up after revealing that annual profits plunged 33%. The strategy overhaul comes as economic growth is slowing in HSBC’s major markets.  The London-based bank said…

4 mins read