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Results 11 - 20 of 362 for hsbc restructuring

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  1. Business - Banking & Finance - BANKING

    HSBC shares set to fall in Hong Kong after profits miss forecasts

    Posted Aug 05th 2013, 11:18pm by NICK EDWARDS

    ... investors are poised to sell HSBC stock when Hong Kong markets open this morning, despite an insistence from the global banking giant that its restructuring efforts remain firmly on track ... said Gulliver, who is two and a half years into a restructuring plan that has cut more than 46,000 jobs and seen the bank announce plans to exit 54 businesses. HSBC's London-listed stock ...

    http://www.scmp.com/node/1294558
  2. Business - Money - EARNINGS

    HSBC shares up on profit rise, but concerns remain

    Posted Nov 06th 2013, 04:54am by KANIS LI

    ... Kanis Li kanis.li@scmp.com HSBC shares up on profit rise, but concerns remain HSBC shares climbed to a six-week high in Hong Kong yesterday after the bank's third-quarter pre-tax profit grew 30 per cent year on year. But analysts warned the softening revenue trend would continue for the bank, which is coming to the end of its restructuring. The stock rose 1.4 per cent ...

    http://www.scmp.com/business/money/markets-investing/article/1348661/hsbc-shares-profit-rise-concerns-remain
  3. 30,000 lay-offs, and more at risk

    Posted Aug 02nd 2011, 12:00am

    ... billion in pre-tax profit in the first half after several sell-offs, shut-downs and restructurings. HSBC closed retail banking businesses in Russia and Poland. It disposed of three non-strategic ... Lulu Chen lulu.chen@scmp.com HSBC could post further job cuts on top of the 30,000 lay-offs announced yesterday if Britain's Independent Commission on Banking (ICB) imposes new ...

    http://www.scmp.com/article/975111/30000-lay-offs-and-more-risk
  4. Business - Banking & Finance - LABOUR

    HSBC expected to axe up to 5,000 more jobs to save US$1b

    Posted Mar 19th 2013, 12:00am by KANIS LI

    ... company, we seek further efficiencies." The restructuring plan for the Asia-Pacific region had completed and there was no plan for further lay-offs, HSBC Asia-Pacific chief executive Peter ... Kanis Li kanis.li@scmp.com HSBC expected to axe more jobs to save US$1b HSBC may announce further job cuts as part of a strategy to reduce costs. The bank will offer an update ...

    http://www.scmp.com/business/banking-finance/article/1194127/hsbc-expected-axe-5000-more-jobs-save-us1b
  5. Business - Banking & Finance - BANKING

    Despite its regional ambitions, ANZ finds banks in Hong Kong too pricey to purchase

    Posted Jan 14th 2014, 10:46am by KANIS LI

    ... market-focused Standard Chartered announced restructuring plans following slower growth in the top line and losses in South Korea, one of its key markets. HSBC started its massive restructuring programme ...

    http://www.scmp.com/business/banking-finance/article/1405249/despite-its-regional-ambitions-anz-finds-banks-hong-kong
  6. HK won't be spared as bank cuts jobs

    Posted Aug 03rd 2011, 12:00am

    ... in the US, the crisis in the euro zone and uncertainty in the Middle East. Despite reporting better-thanexpected first-half profit of US$11.1 billion, HSBC is continuing with restructuring plans ... Lulu Chen lulu.chen@scmp.com HSBC staff in the Asia-Pacific region, including Hong Kong, may not be spared as the bank cuts 30,000 jobs. Chief executive Stuart Gulliver warned yesterday ...

    http://www.scmp.com/article/975211/hk-wont-be-spared-bank-cuts-jobs
  7. HSBC may boost region's workforce 5pc despite cuts

    Posted Feb 29th 2012, 12:00am

    ... in Hong Kong. 'HSBC is not intending to achieve a reduction of jobs. What we are doing is to make sure we have the right staff,' Wong said yesterday. 'The restructuring is a global ... Enoch Yiu enoch.yiu@scmp.com HSBC, which has come under fire from trade unions over its lay-off plans, may add up to 5 per cent to its headcount in Asia-Pacific by 2013, says Asia-Pacific ...

    http://www.scmp.com/article/994038/hsbc-may-boost-regions-workforce-5pc-despite-cuts
  8. HSBC seeks to sell general insurance unit

    Posted Sep 29th 2011, 12:00am

    ... of the bank's restructuring plan. At HSBC's investor strategy day in London in May, chief executive Stuart Gulliver said he would sell non-core businesses as well as close loss-making businesses ... Enoch Yiu enoch.yiu@scmp.com HSBC Holdings is approaching a number of European and Japanese insurers in an attempt to sell its worldwide general insurance business, according to people ...

    http://www.scmp.com/article/980461/hsbc-seeks-sell-general-insurance-unit
  9. Business - Banking & Finance - MONEY LAUNDERING

    HSBC likely to face criminal charges for money laundering

    Posted Nov 06th 2012, 12:00am by Lulu Chen

    ... employ at the end of the quarter, almost 22,000 lower than the number at the end of last year after global restructuring plans to boost efficiency. At midday on the London Stock Exchange, HSBC ... HSBC Holdings, Europe's largest bank by market value, said yesterday it was likely to face criminal charges stemming from US anti-money laundering investigations. It said the cost ...

    http://www.scmp.com/business/banking-finance/article/1075727/hsbc-likely-face-criminal-charges-money-laundering
  10. HSBC says sorry for 'shameful mistakes'

    Posted Jul 31st 2012, 12:00am

    ... for the company is to 'build on steps already taken to manage risk and ensure compliance more effectively', while at the same time HSBC will 'simplify further, restructure and grow', ... Victoria Ruan victoria.ruan@scmp.com HSBC's top executives apologised yesterday for the 'shameful' mistakes made concerning the bank's lax anti-money laundering ...

    http://www.scmp.com/article/1008146/hsbc-says-sorry-shameful-mistakes

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