HSBC job cuts in Hong Kong part of $2.5B savings plan
HSBC will announce $1.5 billion in cost savings and 40 job cuts in Hong Kong as it restructures, with further layoffs expected as part of...
Tag : cost-cutting
HSBC exits investment banking in Western markets amid overhaul
HSBC is closing M&A and equity markets operations in the US, UK, and Europe, focusing on growth in Asia and the Middle East under CEO...
S&P 500 climbs for eighth week, signaling strong market confidence
The S&P 500 witnessed a rise on Friday, contributing to an eighth successive winning week. This upsurge comes in the wake of milder inflation figures,...
Meta Platforms enjoys stock surge after smashing Q1 earnings expectations
Meta Platforms (META) stock experienced a 14% surge on Thursday after the company’s Q1 results, released late Wednesday, exceeded expectations. The company also raised its...