Friday, October 17, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > News > HSBC

HSBC

in News
- HSBC
Share on LinkedinShare on WhatsApp

<img src=”https://ceo-na.com/wp-content/uploads/2020/02/yyy2020/02/yyy.jpg”/>

HSBC plans to cut 35,000 jobs as profits plunge.

HSBC, one of the largest banking and financial services institutions in the world, is facing a radical downsizing of its operations in Europe and the US.

As it adjusts for the risks, the London-based bank said through a statement it aims to cut annual costs by $4.5bn and shed $100bn of assets adjusted for risk by the end of 2022 as it attempts its most drastic overhaul since the financial crisis in an attempt to kick-start its stuttering business.

According to the Financial Times, HSBC said it expected the overhaul to lead to about $6bn in restructuring costs and $1.2bn of costs related to disposals, the majority of which would fall this year and next. Investors reacted negatively to the strategic overhaul, sending shares in HSBC down by 6 per cent at the close of trading. HSBC also said it would shrink its sales and trading and equity research operations in Europe and move its structured products division from London to Asia.

- HSBC

Tags: CEOCEO NorthamFinancial servicesHSBC

Related Posts

Salesforce lowers outlook during CFO transition
News

Salesforce posts Q2 win, increases 2030 forecast

Costco begins selling gold bars to customers
News

Gold rises 5% to reach another record high

CEOs of Wells Fargo and Pfizer call on the U.S. to promote innovation
News

CEOs of Wells Fargo and Pfizer call on the U.S. to promote innovation

Stellantis announces $13 billion U.S. investment
News

Stellantis announces $13 billion U.S. investment

Morgan Stanley penalizes employees for WhatsApp breaches
News

Morgan Stanley’s Q3 earnings jump 45%

BlackRock, Nvidia, xAI and Microsoft to acquire Aligned Data Centers
News

BlackRock, Nvidia, xAI and Microsoft to acquire Aligned Data Centers

LendingTree CEO Doug Lebda dies
News

LendingTree CEO Doug Lebda dies

46% of Americans who have invested in cryptocurrency say it’s done worse than expected
News

Crypto market shrinks by $150 billion following China’s retaliation

Google nixes $15 billion Bay Area development
News

Google announces $15 billion data center in India

CEO Jamie Dimon reports strong Q2 performance across all JPMorgan business lines
News

Jamie Dimon announces $1.5 Trillion security and resiliency initiative

No Result
View All Result

Recent Posts

  • What Is the US Economy’s Potential Growth Rate?
  • Thirsty AI mega projects raise alarm in some of Europe’s driest regions
  • Salesforce posts Q2 win, increases 2030 forecast
  • Gold rises 5% to reach another record high
  • CEOs of Wells Fargo and Pfizer call on the U.S. to promote innovation

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.