LATICONOMICS (Free subscription) | 10/11/2009
HSBC and Barclays signal the worst is over HSBC and Barclays, two of Britain’s biggest banks, have provided hard evidence that the worst of the financial crisis is over and the economy is pulling out of recession. By Philip Aldrick, Banking editor Robert "Bob" Diamond, president of Barclays PLC Photo: Bloomberg News Barclays announced the resignation of Frits Seegers,...
The Telegraph (Free subscription) | 10/11/2009
... on Lehman Barclays Capital quickly emblazoned its logo on the Lehman Brothers building in New York HSBC, the UK’s biggest lender, and both posted upbeat trading statements in which they claimed the rise in bad debts has peaked and profits are sustainable. Michael Geoghegan, HSBC chief executive, said: “I believe that the biggest jolt has now passed through the global economy. But...
Finance Markets (Free subscription) | 03/11/2009
Banking giant HSBC has announced plans to axe 1,726 jobs in the UK and comes just 24 hours after Royal Bank of Scotland said it was axing 3,700 branch jobs. HSBC UK chief executive, Paul Thurston, said: “Decisions that affect our people are always difficult, but this restructure is an essential part of the streamlining of [...]
BBC News (Free subscription) | 03/11/2009
UK banking giant HSBC is to cut 1,700 jobs in the UK from its retail banking operations, a company spokesman tells the BBC.
Reuters UK (Free subscription) | 03/11/2009
LONDON (Reuters) - Europe's biggest bank HSBC Holdings is cutting over 1,700 jobs in Britain, adding to thousands of cuts across the industry in the last year as pressure builds to reduce costs.
Times of India (Free subscription) | 03/11/2009
Global banking giant HSBC is to cut more than 1,700 jobs across its retail banking division in Britain, a spokesman said on Tuesday.
The Telegraph (Free subscription) | 03/11/2009
HSBC the Britsh banking group is to cut around 1700 British jobs.
All Africa (Free subscription) | 02/11/2009
The Federal Mortgage Bank of Nigeria (FMBN) said it has signed a $1.6 billion partnership agreement with HSBC, UK's biggest bank, in order to pursue its mandate of assisting every Nigerian to own a house of their choice.
