Tag Archives: Mulls

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 »

Uber India Mulls Launching Own Payment Wallet Service

Cab aggregator Uber Wednesday said it is evaluating options to have its own payment wallet as it finds the two-factor authentication system imposed by RBI “cumbersome” for riders while making payments through credit or debit cards. Amit Jain, the President of Uber India also said the app-based taxi service provider may also launch UberPool and UberCommute in some of the ... Read More »