HSBC

U.S. stocks opened lower on Tuesday after Apple warned sales will slow partly due to falling China demand

HSBC saw a 33% plunge in pre-tax profit in 2019 due to its activities in Europe.

HSBC axes 35,000 jobs as profits slump

HSBC 2019 pre-tax profits drop by a third to $13.3 billion

Many investors and analysts say Aramco is wildly overvalued.

Seeking new customers, Royal Bank of Scotland has launched a new cloud-based digital bank called Bo to directly challenge fintechs.

A Chinese Commerce Ministry spokesman says trade negotiators have reached agreement on a plan for lowering tariffs as part of a phase 1 ageement.

The previous record was 3,027.

HSBC warned the second half of its reporting year would not be as rosy as the first six months

HSBC warned the second half of its reporting year would not be as rosy as the first six months

The banking giant is one of many lenders struggling with a global slowdown and falling interest rates

Banking giant HSBC is reportedly planning to chop 10,000 jobs. The move being spearheaded by interim Chief Executive Officer Noel Quinn is aiming to slash costs, according to reports.

HSBC Bank, Europe’s largest bank in terms of assets has announced cutting 4,000 jobs to reduce costs. The decision follows immediately after the abrupt departure of CEO John Flint who resigned after 18 months into office.

Mixed open likely for U. S stock markets Tuesday as stock futures remained flat, indicating the anxiety of market participants for a clear picture on the latest U.S.-China trade talks.

Switzerland's second-biggest bank Credit Suisse has stated that it fears a higher tax burden for 2018 than it had forecast earlier. This follows changes in the U.S. tax provisions aimed at preventing companies from shifting their profits abroad.

The blockchain-enabled letter of credit transaction facilitated shipment between Reliance and the US-based Tricon Energy. ING Bank issued the LC and HSBC India was negotiating bank for Reliance Industries.

Wells Fargo & Co. said on Tuesday it had applied for an investment firm license in France as part of a Brexit strategy to shift some of its servicing of European mainland customers out of London.

Using the notorious Panama Papers and a similar leak of information on clients of the British bank HSBC, researchers in the U.S. and Scandinavia found that the wealthier households are, the more likely they are to hide money in nations like Switzerland and the Cayman Islands — making inequality appear less extreme than it is in reality.

It is one of the several banks under investigation over allegations of giving unsecured mortgages to unqualified borrowers that triggered the 2008 financial crisis.

Eight banks, including Barclays and HSBC, were downgraded to negative from stable after the U.K. voted to leave the EU last week.

A reorganization of the global financial powerhouse will hit the investment banking division, sources say.