According to a report from the Financial Times, HSBC Holdings Plc is weighing options which includes a complete exit from the U.S. retail banking market. The development comes in the wake of the bank struggling to improve its performance in… Read More ›
accelerate
Europe’s biggest bank by asset, HSBC accelerates restructuring plan after posting 35% drop in Q3 profits
On Tuesday, in a statement HSBC Holdings PLC said, it plans on accelerating its restructuring plans after it posted a 35% drop in quarterly profits and flagged an easing in its provisions for bad debts citing an expected improvements in the… Read More ›
Britain’s biggest fund manager with more than $1.55 trillion in AUM, expands push towards low-carbon economy
On Wednesday, Britain’s biggest asset manager said, it plans on increasing the number of companies it assess and engages vis-a-vis climate change, in order to accelerate global efforts to move towards a low-carbon economy. In a statement Legal & General… Read More ›
China’s coronavirus likely to impact first quarter profits of Chinese airlines
Chinese authorities have locked down two entire cities as they struggle to contain the outbreak of the new coronavirus which has so far reportedly killed 17 people and has infected more than 600 people, even as countries across the world… Read More ›