LONDON—HSBC Holdings PLC said it would cut 35,000 jobs and $100 billion in assets in the next three years as it scales back its operations in the U.S., mainland Europe and its investment bank.
Europe’s biggest bank by assets plans to invest more in its fast-growing Asian and Middle Eastern operations to boost profit. HSBC operates in more than 50 countries but makes half its revenue in Asia.
Well... thats some bad news..
Maybe should have taken easy on helping money launderers.
Real shame the corrupt banks are going under... not
Wat?
As the HSBCs' and the Deutsches' begin scaling back, most assets affected will be the most leveraged. A good omen for the Taxpayer burnt by 2008.
Revenue: 53.8 billion USD (2018) Mark Tucker- Here's a box with your belonging good luck now get the f out of here.
So much winning
This doesn't make CENNZ!
Let’s remember, HSBC haven’t made a loss, they’ve just determined that $13.35 BILLION dollars of PURE ‘in your pocket’ PROFIT isn’t enough.
I'm not totally surprised considering their economy has been slowing down lately and with the coronavirus having negatively affected their manufacturing operations and 'trade war' issues causing some companies to switch supply chain to other countries it's only a matter of time.
Not a surprise HSBC like banking in the 90s
Bitcoin beatdown
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HSBC is cutting workers... I WONDER if it is slashing the pay and bonus's of bosses, cutting the number of Senior Executives, and their lavish pay and conditions, because THAT IS WHERE THE REAL SAVINGS ARE. Right at the top!!
株価あがるといいなー。楽しみー。
Its only down 5% TODAY
Darlene_Edw Is the next economic crisis starting?
Thrive in opportunity
The next GFC?