Hong Kong’s big banks have been tightening their belts as they look to improve profitability amid an uncertain economic environment. Photo: Bloomberg

Banking, professional services employers cautious as Hong Kong outlook remains uncertain, recruiting firm says

  • Expected salary increases for banking, professional services employees changing jobs have declined to between 10 per cent and 15 per cent for 2020, according to recruiting firm Robert Walters
  • Hiring processes are expected to lengthen, with additional interview stages, firm says
Topic |   Banking & Finance

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Hong Kong’s big banks have been tightening their belts as they look to improve profitability amid an uncertain economic environment. Photo: Bloomberg
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HSBC has increased a provision for expected credit losses by US$400 million to reflect the economic outlook in Hong Kong. Photo: Bloomberg

HSBC to replace investment bank head as part of management reshuffle as Noel Quinn moves to ‘remodel’ bank

  • Interim CEO Noel Quinn is reshaping the bank as he hopes to take the top job permanently
  • Quinn expects to accelerate cost cuts as part of his efforts to improve profits at the lender
Topic |   HSBC

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HSBC has increased a provision for expected credit losses by US$400 million to reflect the economic outlook in Hong Kong. Photo: Bloomberg
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