I worked at HSBC Card Services for over 15 yrs +. On Apr 9 myself and around 119 fellow employees were let go. We were not given any prior notice even though follow up news articles stated 30 days was given for some employees. Has anybody that you know of filed a violation of the Federal Warn Act against HSBC, or are they not affected by this Law? Thank you for your attention in this matter.

We are still getting details on this matter, and firming up the dates. You get the basic idea, although firm dates and details are forthcoming. This input was submitted via email, and is in the early stages of development:

more…

HSBC said in April it will shut its stock-research and trading businesses in Japan. About 40 jobs were to be eliminated, according to two people familiar with the cuts. The bank also eliminated 100 positions at its Hong Kong private banking unit in April and announced it would eliminate 1,200 jobs in the U.K. in March.

more…

On one hand HSBC says it is firmly committed in the United States, while the bank continues to shut down certain entities. Today HSBC continued with more of the same. HSBC Holdings Plc’s U.S. securities division will no longer extend structured financing to hedge-fund investors to leverage their investments, a person familiar with the company’s plans said.

more…

After closing HFC and Beneficial branches in the United States these same entities are now closing in the U.K.: HSBC has announced plans to close 100 high street branches of its sub-prime division Beneficial Finance, putting 450 jobs at risk.

more…