HSBC has launched a restructuring of its commercial banking business in Britain, a source familiar with the matter told Reuters on Wednesday, resulting in around 300 job losses.
FILE PHOTO: An HSBC bank is pictured during the coronavirus disease pandemic in the Manhattan borough of New York City, New York, U.S., October 19, 2020. REUTERS/Carlo AllegriLONDON: HSBC has launched a restructuring of its commercial banking business in Britain, a source familiar with the matter told Reuters on Wednesday, resulting in around 300 job losses.
"In line with the Group strategy announced in February, we continue to restructure and review the roles required to transform the bank," a spokesman for HSBC said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Singapore is frontrunner on sustainable infrastructure investment: HSBC surveySUSTAINABILITY is fast gaining traction in Singapore's capital markets, with the Republic's investors and issuers among the world's most enthusiastic about sustainable infrastructure investment, according to a recent survey by HSBC. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US trial of AstraZeneca COVID-19 vaccine may resume this week: SourcesAstraZeneca's COVID-19 vaccine trial in the United States is expected to resume as early as this week after the US Food and Drug Administration ... YAY! Now is a great time to get it re-started as community spread is going crazy. The sooner we get results regarding efficacy, the sooner we get vaccines approved. Pfizer should be approved in less than a month, but we need more, much more.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Exclusive: Ferragamo family explores stake sale to drive Italian fashion brand revamp - sourcesThe family owners of Italian fashion house Salvatore Ferragamo have held informal discussions with financial investors to sell a minority stake ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Exclusive: Didi considers 2021 Hong Kong IPO, targets valuation of more than US$60 bln, sources sayChina's top ride-hailing firm Didi Chuxing is considering Hong Kong for a multibillion-dollar initial public offering (IPO) next year, people with ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Exclusive: Didi considers 2021 Hong Kong IPO, targets valuation of more than US$60 billion, sources sayChina's top ride-hailing firm Didi Chuxing is considering Hong Kong for a multibillion-dollar initial public offering (IPO) next year, people with ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Cathay Pacific to cut 6,000 jobs, axe Cathay Dragon brand amid COVID-19 pandemic: ReportHong Kong's Cathay Pacific Airways Ltd will cut around 6,000 jobs or 18per cent of its workforce, and axe regional brand Cathay Dragon to help it ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »