HSBC

HSBC mulls up to $300 million cost-cutting plan, targeting senior roles: Report

The merger will affect "the senior people and some of the larger roles ... That's the most expensive layer and that's where the costs are," the report added.

10 October 2024, 09:01 IST

HSBC mulls up to $300 million cost-cutting plan, targeting senior roles: Report

10 October 2024, 09:01 IST

HSBC considers naming first female CFO in bank's history: Report

The report also added that no final decision had been made and other candidates could still join the race.

24 September 2024, 16:15 IST

HSBC considers naming first female CFO in bank's history: Report

24 September 2024, 16:15 IST

HSBC slapped with Rs 29.6 lakh penalty by RBI for non-compliance with card norms

RBI said a Statutory Inspection for Supervisory Evaluation (ISE 2022) of the bank was conducted by it with reference to its financial position as on March 31, 2022.

28 June 2024, 13:52 IST

HSBC slapped with Rs 29.6 lakh penalty by RBI for non-compliance with card norms

28 June 2024, 13:52 IST

India's inflation 'K-shaped'; rural folk more hurt by price-rise: HSBC

Rural consumers are more impacted by price-rise than their urban counterparts, economists at HSBC said, adding it outstripped the urban segment by 1.1 percentage point in May, mainly due to higher food inflation.

25 June 2024, 14:07 IST

India's inflation 'K-shaped'; rural folk more hurt by price-rise: HSBC

25 June 2024, 14:07 IST

India's manufacturing sector growth eases in May; upturn in exports strongest in over 13 years: PMI survey

According to HSBC Global Economist Maitreyi Das, 'The manufacturing sector remained in expansionary territory in May, albeit the pace... slowed, led by a softer rise in new orders and output.' The slowdown was attributed to reduced working hours amid intensive heatwave and rising production costs.

03 June 2024, 07:05 IST

India's manufacturing sector growth eases in May; upturn in exports strongest in over 13 years: PMI survey

03 June 2024, 07:05 IST

HSBC fined Rs 36.38 lakh by RBI for FEMA violations

The central bank said reporting requirements under the Liberalised Remittance Scheme of FEMA, 1999 were not followed by HSBC.

29 May 2024, 15:26 IST

HSBC fined Rs 36.38 lakh by RBI for FEMA violations

29 May 2024, 15:26 IST

HSBC announces CEO Quinn's retirement, first-quarter profit drops 1.8%

The bank said has already launched a formal process to find a successor. Chief Financial Officer Georges Elhedery, appointed to the No. 2 role last January after a sabbatical before which he headed the bank's markets business, is likely the leading internal candidate for the job.

30 April 2024, 06:42 IST

HSBC announces CEO Quinn's retirement, first-quarter profit drops 1.8%

30 April 2024, 06:42 IST

India's April business growth at near 14-year high, PMIs show

That suggests India is well placed to remain the fastest growing major economy this year after posting strong expansion over the past few quarters.

23 April 2024, 06:17 IST

India's April business growth at near 14-year high, PMIs show

23 April 2024, 06:17 IST

Former Tesla CEO Eberhard says 'shame' company is cancelling low-cost car plans

Reuters reported on Friday that Tesla was cancelling its long-promised inexpensive car that investors had been counting on to drive its growth.

09 April 2024, 07:19 IST

Former Tesla CEO Eberhard says 'shame' company is cancelling low-cost car plans

09 April 2024, 07:19 IST

HSBC's chairman Mark Tucker says Asia business spin-off 'will not happen'

HSBC defeated a resolution last year from Hong Kong-based shareholders and backed by major investor Ping An to potentially spin-off its lucrative Asia business.

03 April 2024, 10:54 IST

HSBC's chairman Mark Tucker says Asia business spin-off 'will not happen'

03 April 2024, 10:54 IST