Another big bank has slashed its stock-market outlook amid soaring economic uncertainty
The US economy could be heading for a sharp slowdown "very very soon," an analyst said on Wednesday. Price targets for the S&P 500 have been edging lower.
HSBC
HSBC Bank Review
You can now only open Premier accounts with HSBC Bank, which can be good if you qualify to waive monthly fees and earn high rates. Start saving today.
HSBC unveils cost cuts in drive to create a 'simple, more agile, focused bank'
The London-headquartered bank plans to save $300 million this year and aims to reduce its cost base by $1.5 billion by the end of 2026.
HSBC reportedly asks middle managers to reapply for jobs as layoffs loom
The London-headquartered, Asia-focused bank is embarking on a major restructuring under its new CEO that will slash the number of senior roles.
Gen X is in charge now, and boomers are being shown the door
The last leaders of the boomer era look set to cede their power to younger Gen X leaders across the political and business worlds.
This is what office towers could look like due to hybrid working
The skyscraper occupied by HSBC in London will get a radical makeover when the bank moves out in three years and become a "mixed-use neighborhood."
More CEOs are deciding the stress, pressure, and loneliness are just not worth the money
HSBC's boss said he needed a "better balance between my personal and business life." CEOs like Elon Musk have revealed the stresses of being on top.
HSBC Bank Review 2024
You can now only open Premier accounts with HSBC Bank, which can be good if you qualify to waive monthly fees and earn high rates. Start saving today.
Hybrid working policies are making interns lonelier in the office
Some companies are implementing new guidance for younger employees to help them integrate into the workforce, per the Financial Times.
US stocks face a painful rest of 2023 with a recession set to take the shine off the AI-fueled rally, HSBC says
"The newsflow over the next six months could be tough" for markets, the bank said in its mid-year investment outlook.
A juicy lawsuit offers a window into a Wall Street hiring raid after HSBC took 40+ bankers from the remnants of SVB
First Citizens got less than it bargained for when it acquired SVB, according to a lawsuit filed against HSBC.
Silicon Valley Bank's UK unit has been sold to HSBC for $1.21
The UK government and the Bank of England facilitated the private sale, UK Chancellor Jeremy Hunt said on Twitter.
China rebuffs billionaire investor Mark Mobius's warning that the government made it harder to get money out, report says
Chinese authorities at the State Administration on Foreign Exchange told CNBC that nothing had changed in its policy, pushing back against Mark Mobius' claims.
Goldman Sachs, JPMorgan, Wells Fargo are among Wall Street giants named as possible FTX creditors
The 116-page document lists thousands of entries and redacted names of individuals who could be possible creditors to the exchange, per Bloomberg.
Recession is imminent, the market believes — but Jeremy Siegel, Ed Yardeni, Tom Lee and other top analysts still see gains ahead for stocks. Here's why, and what they're saying.
US stocks could see some upside in 2023 despite recession fears. Here's what Jeremy Siegel, Ed Yardeni and other top experts have predicted.
The 'only way is up' for stocks as Wall Street's extreme pessimism preempts any bad surprises, says HSBC strategist
While it's not going to be "rock and roll" for stocks, the extreme investor pessimism means the market won't need a "lot of positive surprises" to make some gains, HSBC's Max Kettner said.
A former top tech exec at Bank of America just launched a new consulting business. Here are 3 key mistakes he said firms are making as they plan for the future.
As a Wall Street tech exec, Sumeet Chabria has seen his fair share of what works — and what doesn't. Now he's launching a new consulting practice.
Don McCree is spearheading Citizens Bank's push into New York. He has just overseen the acquisition of HSBC's branches in the city, and was in town this week for Citizens' official launch into the Big Apple.
Don McCree is bullish on New York's recovery and hopes that a slew of acquisitions will grow Citizens' presence with the city's small businesses.
HSBC's global investment chief warns of 'false rallies' for stocks, reveals how investors can spot the true start of a new bull run, and offers his take on the housing market
HSBC's global investment chief lays out how investors can spot the true start of a new bull run and offers his taking on the housing market.
Ukraine will pursue war-crimes charges against leaders of JPMorgan Chase, Citi, and HSBC over Russia financing, Zelenskyy's economic advisor says
Oleg Ustenko told CNBC that Ukraine's justice and security services were gathering data on Western banks he says are financing the Russian state.