Employee unions of public sector banks have decided to call a two-day nationwide strike on July 25-26 to protest reforms in the banking sector and outsourcing of jobs, United Forum of Bank Unions convener G.D. Nadaf said. “About 10 lakh employees and officers will participate in the strike,” he said.A unit of UK’s HSBC Holdings PLC has sold stakes in two Indian banks for around $425 million. The bank...
|
visitSÃO PAULO—Hackers on Thursday kept up their campaign to cripple Brazilian banking websites and, in a new twist, their efforts appeared to affect both local and global websites of U.K.'s HSBC Holdings PLC.This is the fourth attack in as many days by the Anonymous Brasil group, which says the effort is part of a campaign aimed at social activism in Brazil, and not theft. Earlier this week, the attacks...
|
unveiled plans on Wednesday to launch the first international yuan-denominated bonds outsideHSBC, BEA to Issue Yuan BondsPrevious Video: Housing Market to Make Tentative Recovery: Issuance of Islamic bonds will be stimulated by a tightening of yields versus conventional bonds as banks chase a finite amount of quality sukuk instruments,'s Islamic arm Amanah has said. HSBC has previously forecast global...
|
HSBC, Britain's biggest bank, is at the centre of a major Revenue and Customs investigation after it opened offshore accounts in Jersey for "serious criminals" living in the country, The Telegraph reported on Saturday.The tax authorities have obtained details of every British client of HSBC in Jersey after a whistleblower secretly provided a detailed list of names, addresses and account balances earlier...
|
HSBC Holdings Plc headquarters, center, is seen in Canary Wharf, London, U.K.The HSBC Holdings Plc headquarters, center, is seen in Canary Wharf, London, U.K. Photographer: Jason Alden/BloombergMay 17 (Bloomberg) -- Peter Wong, HSBC Holdings Plc's chief executive officer for Asia Pacific, talks about the bank's business strategy for the region. HSBC, the U.K. bank that made more than half of its profit...
|
HSBC set to axe 2,000 UK jobs to slash costs as it is faced with tougher regulationsSome 2,000 HSBC workers in the UK are expected to lose their job this week as the banking giant is slashing costs in a bid to battle the tougher climate in the banking industry.The cuts, expected to affect nearly 4 per cent of the bank’s 52,000-strong UK workforce, are part of global restructuring plans announced by...
|
HSBC Holdings is set to cut 2000 jobs in the UK, as the lender looks to slim down its operations ahead of a slew of UK regulatory changes that are slated to come into force in the coming months, a person familiar with the matter said today.The cuts mainly affect back-office functions in the group's retail banking arm and are part of the 30,000 job reductions that HSBC CEO Stuart Gulliver announced...
|
HSBC Mutual Fund has announced to revise the exit load under HSBC Income HSBC Flexi Debt Fund with effect from June...
|
promoting the usage of the yuan as a rival international currency to the dollarAlmost two years ago, a little-known Sheffield-based maker of garden spades and lawn rakes made financial history.Neill Tools was the first UK company to make a cross-border payment in the Chinese currency, with the help of banking giant HSBC."The volume of yuan-denominated trade in the UK will inevitably increase," the...
|
current account holders will soon be able to make cash deposits and check balances at the Post OfficeThe Post Office's link-up with HSBC is part of a commitment to enabling UK current account holders access to their accounts at its counters. Photograph: Ben Birchall/PAFrom spring next year all nine million HSBC and First Direct personal current account holders will join the 80% of UK debit cardholders...
|
