It seems like the Irish are not the only HSBC employees losing jobs. HSBC’s Livingston call center is closing. The bank said that although the staff would hopefully be absorbed within the company’s Scottish workforce it is no longer cost effective to keep the West Lothian location open. HSBC admitted that some […]
Concerns of a global economic slowdown, tensions over Iran and selling by foreign investors across several Gulf Arab bourses depressed regional benchmarks. Stocks also fell on reports the Central Bank of the United Arab Emirates is planning to tighten rules on lending to help rein in inflation. “To be honest, the whole atmosphere in […]
Iran has withdrawn around $75 billion from Europe to prevent the assets from being blocked under threatened new sanctions over Tehran’s disputed nuclear ambitions, an Iranian weekly said. Where will Iran put the money? We researched news articles from Manama Bahrain and other Middle East nations. We must raise the question on […]
HSBC Middle East has agreed to reduce the mortgage repayments of a customer after a barrage of complaints about the bank’s refusal to pass on successive US interest rate cuts. The move could open the floodgates for customers of HSBC and other lenders in the UAE to get their mortgage rates reduced as discontent […]
HSBC Plc sees Islamic finance as a profit center, pushing Amanah in metropolitan areas around the world. Let there be no doubt that HSBC is catering to potential customers around the world, not just in the Middle East. The problem, as we see it, is HSBC may get caught in the middle if […]
HSBC Financial Services Middle East has picked up a 4.99 per cent stake in Yes Bank in the secondary market. HSBC refused to comment, while Yes Bank said “There is no arrangement for any cooperation with HSBC at this stage.’’ This may be an investment by HSBC or a non-event, depending on how […]
Credit Mutuel seems to be the most likely candidate to buy more than half the French operations of HSBC while HSBC says it will focus on emerging markets. HSBC also declined to comment on reports that the bank was selling its French operations. The most efficient way to impliment HSBC’s “Household Model” is to […]
Paul Hand, global banking co-head at HSBC Holdings Plc, will leave after 21 years with Europe’s biggest bank, following a flurry of senior departures in Asia and Europe, an internal memo given to Bloomberg News showed. Hand will leave at the end of the year to pursue interests outside banking, according to the […]
Regulatory scrutiny seems to both HSBC. In the U.K. the banks calls it ‘highly challenging’, while in the U.S. HSBC needs to watch out for state level attorney’s general. It appears as though federal oversight has once again failed. Too little too late describes new guidelines for mortgages. HSBC Finance […]
HSBC is global but your should know the real deal behind the Hong Kong Shanghai Bank (HSBC). Recently two Arab investors bought heavily into HSBC wordwide:
HSBC Holding Plc expects to arrange the sale of as much as $3 billion in Islamic bonds in the Middle East in the third quarter, the bank’s head of […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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