In the United States, where the bank has underperformed for years, HSBC said it would close around a third of its 224 branches and target only international and wealthier clients. HSBC plans to cut up to 340 manager jobs as part of a shake-up of its branch network in Britain, a source familiar with the matter told Reuters. Reuters / Arnd Wiegmann. LONDON (Reuters) - HSBC plans to axe 82 branches in Britain this year after a drop in footfall across its retail network and a surge in digital banking, the bank said on Tuesday. “Getting this done will require a fair amount of work, then we need to see how it settles down. HSBC Holdings Plc is considering a complete exit from retail banking in the United States after narrowing the options for how to improve performance at its struggling North America business, the Financial Times reported on Saturday. Get India stock market quotes, stock quote news india, latest share prices for 0005.HK Updated: 10 Jan 2021, 08:00 PM IST Reuters . Latest News. Money. Eileen Murray, chairperson of the Financial Industry Regulatory Authority, a self-regulator for brokerages, called for more corporate diversity disclosures - and for investors to scrutinize the issue - on Thursday at the Reuters Global Investment Outlook Summit 2020. The shareholders said they would consider taking legal action on the basis of the outcome of the meeting, according to the April 6 report. Contributor. LONDON: HSBC has launched a restructuring of its commercial banking business in Britain, a source familiar with the matter told Reuters on Wednesday, resulting in around 300 job losses. The UK-based bank, whose huge Asian operations are headquartered in Hong Kong, said the coronavirus epidemic had significantly impacted staff and customers. Majority of Britons are 'trend spenders', survey finds. An HSBC bank logo is pictured in the Manhattan borough of New York City on Oct 19, 2020. LONDON (Reuters) - Britain's biggest domestic lender Lloyds Banking Group has named Charlie Nunn, currently head of wealth and personal banking at rival HSBC, as its next chief executive. Latest News. Iain Withers Reuters Published. HSBC reported a RoTE of 8.4% for last year, down from 8.6% in 2018. (Photo: Reuters/Carlo Allegri) 28 Nov 2020 06:25PM (Updated: 28 Nov 2020 08:23PM ) HSBC to axe 82 UK branches, cut services in others Reuters 14:06 19-Jan-21. “In one sense, they are doing the things that were obvious and had been called out by many, so it’s good,” Hugh Young, managing director at Aberdeen Asset Managemement Asia, one of HSBC’s 20 largest investors said. Reuters India provides latest news & articles on stock market quotes, online stock quotes, India. Dec 29, … EXCLUSIVE-HSBC to cut up to 300 jobs in UK commercial banking overhaul -source. Business News. A Canadian border official involved with the interrogation of Huawei Chief Financial Officer Meng Wanzhou ahead of her 2018 arrest told a court on Thursday she was a flight risk and had the resources to escape the country without reporting to authorities. ETEnergyworld.com brings latest hsbc news, views and updates from all top sources for the Indian Energy industry. Hsbc - Find Hsbc latest News Headlines and breaking news today along with Photos and Videos at HindustanTimes.com. Hsbc - Find Hsbc latest News Headlines and breaking news today along with Photos and Videos at HindustanTimes.com. New Stories. We have updated our terms and conditions and privacy policy Click "Continue" to accept and continue with ET EnergyWorld. The bank’s return on tangible equity (RoTE), a key profitability measure, is expected to be in the range of 10% to 12% in 2022. Find Hsbc Geneva Latest News, Videos & Pictures on Hsbc Geneva and see latest updates, news, information from NDTV.COM. Get India stock market quotes, stock quote news india, latest share prices for HSBA.L British shares rose on Tuesday, as a jump in HSBC's shares and encouraging production report from miner Rio Tinto lifted sentiment at a time when tighter coronavirus-led restrictions have raised concerns about the pace of an economic recovery. Fund performance data provided by Lipper. Jan 19, 2021 7:42AM EST. Reuters India provides latest news & articles on stock market quotes, online stock quotes, India. HSBC made the surprising announcement late Sunday that John Flint would be stepping down as CEO after just 18 months in the role. hsbc says hy reported profit before tax down 65% to $4.3 bln. (Reuters) - HSBC Ltd HSBA.L 0005.HK on Monday named Surendra Rosha as the chief executive officer for HSBC India. THE BUSINESS TIMES HSBC - Find HSBC News & Headlines, ... a source familiar with the matter told Reuters on Wednesday, resulting in around 300 job losses. Updated: 10 Jan 2021, 08:00 PM IST Reuters . HSBC said it planned to invest more than $100 billion in “higher returning areas”, resulting in broadly flat assets in value terms over the three years. “The totality of this program is that our headcount is likely to go from 235,000 to closer to 200,000 over the next three years,” Noel Quinn, interim chief executive, told Reuters. HSBC Names Nuno Matos next head of Wealth and Personal Banking. New Stories. The bank will also reduce its sales and research coverage in European cash equities with a focus on supporting equity capital market transactions, it said, confirming a Reuters report last month regarding pullback from the trading business. See here for a complete list of exchanges and delays. HSBC said last month it planned to reduce annual costs to below $31 billion by 2022, a more ambitious target than it set out in February and well below the operating expenses of $42.3 billion it reported in 2019. ... on Thursday at the Reuters Global Investment Outlook Summit 2020. The virus has killed almost 1,900 people, overwhelmingly in mainland China, and infected more than 70,000, while its economic impact is spreading across the globe. Markets Breakingviews - HSBC breakup will turbocharge CEO’s Asian pivot. Rosha, who will succeed Jayant Rikhye, is … HSBC to face shareholder heat on fossil fuels in AGM vote, Reuters says 11/29/20 HSBC considers exit from U.S. retail banking, FT reports 10/21/20 HSBC slashes 300 jobs in U.K. as part of commercial banking revamp, Reuters says 09/23/20 Goldman, Citi, HSBC halt return to U.K. offices, Bloomberg reports HSBC's pledge to … Accept the updated privacy & cookie policy. Saudi Arabian investment bank Jadwa Investment's private equity arm has hired HSBC to advise on the sale of its stake in Abu Dhabi healthcare group UEMedical, two sources familiar with the matter told Reuters. Selon des sources citées par Reuters, La société américaine de capital-investissement Cerberus et un autre investisseur ont tous deux proposé de payer un euro pour l’unité française du prêteur.. Mais seulement si HSBC recapitalise d’abord l’unité en y injectant au moins 500 M €. Latest News. HSBC, Chief Executive Noel Quinn has the right idea, but he’s going about it too slowly. The latest breaking news, comment and features from The Independent. Home >Companies >News >HSBC plans closure of 82 UK branches, cut counter services in others A man walks past an HSBC bank branch in the City of London (REUTERS) 1 min read . In 2021, a lagging share price may force him to turbocharge his pivot towards the more lucrative Asian business. 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