Tag Archives: HSBC

HSBC mulls job cuts in investment banking to salvage margins: Report

HSBC Holdings is mulling over extensive job cuts  in the company’s investment banking unit to salvage its financials, sources told Bloomberg. As many as 500 jobs are on the chopping block with Greg Guyett, who heads the Global Banking vertical, expected to begin the process by mid-June, the wire added. The vertical employs 24,000 in HSBC. The report noted that this is ... Read More »

HSBC Sees Year-end Rupee at 69 Against US Dollar

New Delhi: The rupee is likely to see “better footing” than has been the case recently, an HSBC report said today, maintaining a year-end forecast of 69 against a US dollar. According to the global financial services major, the Indian rupee has been on the back foot since the beginning of this year. It has been, among other things, weighed ... Read More »