In a bold move aimed at cutting costs, HSBC has laid off a group of investment bankers, leaving many shocked and angry. The ...

The layoffs take place as deal-making activity in Asia and around the world declines. Investment banks like HSBC are facing further difficulties as a result of weak market circumstances in China and ...

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 ...

The global economy is facing turbulence as the Trump-led US administration escalates a tariff war, impacting both allies and ...

HSBC surprised the industry last week as news broke that it had fired investment bankers on the same day they were due to hear their bonus figures, and reportedly gave no bonuses to many it laid off.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC fired investment bankers on the day they were due to learn their bonus figures and gave no bonuses to many ...

HSBC is in news and not for good reasons ... by focusing on areas of growth and cutting costs in weaker areas. The layoffs come at a tough time for the financial industry, with global investment ...

LONDON, England -- Banking group HSBC has announced plans to cut up to 3,500 jobs as part of a restructuring of its British banking operations. HSBC said it would "remove or redeploy" about 3,500 ...

HSBC HOLDINGS (00005.HK) CEO Georges Elhedery said in a results conference call that there is no target number of layoffs set by the bank, and that the reduction in headcount will mainly come from ...

In the volatile world of finance, job security can be a fleeting concept, a notion highlighted recently by HSBC's decision to cancel bonuses for employees it laid off. As former investment bankers sat ...