Europe's largest bank aims to cut a total of 8-thousand jobs in Britain by the end of 2017 as part of its restructuring efforts. » Read More
U.S. stock futures were lower this morning, after closing out Friday the worst January on Wall Street since 2009 but the best single day since September.
2016 is proving a difficult year for European banks, as the industry grapples with nonperforming loans, rocky markets, increasing regulation and EM volatility.
Europe's largest lender details its latest cost-saving measures in an email sent to staff.
HSBC has apologized to customers who were locked out of internet banking services after the lender was hit by a cyberattack on Friday.
HSBC will no longer provide mortgages to some Chinese nationals who buy U.S. real estate, as Beijing battles to stem capital outflows.
The luxury sector should get ready for a slow down in global growth in 2016 and beyond, an analyst has told CNBC.
Oil prices slumped to a 2003 low below $28 per barrel as the market anticipated a rise in Iranian exports.
Possible clues to China's fate could be gauged from how the world reacted to Japan's economic malaise, according to HSBC economist Frederic Neumann.
Although market focus is on an oil supply surplus, demand side pressures are also hurting prices, senior economic advisor Stephen King warned.
Big banks are battling to get ahead of the technology disruption unfolding in the banking industry.
European stocks finished in negative territory on Friday, in what has been a turbulent week for markets.
LONDON, Jan 7- Gold climbed above $1,100 an ounce for the first time in nine weeks on Thursday as the dollar fell and investors channelled money into safer assets as worries over the Chinese economy hit global stocks. European shares fell sharply after China accelerated the depreciation of the yuan, sending Asian shares to a three-month low.
SINGAPORE, Jan 7- Gold climbed above $1,100 an ounce for the first time in nine weeks on Thursday as investors channeled money into the safe-haven metal amid a global stock market rout, worries over the Chinese economy and heightened geopolitical tensions. China stocks fell 7 percent on Thursday after less than half an hour of trading, triggering a circuit...
*HSBC, Barclays say EU has been crucial to London success. *HSBC could realign some ops to continent after a Brexit. Officials from two UK banks, HSBC and Barclays, said access to the EU's single market and its common rules was "crucial" and a key factor in London's success as Europe's biggest financial center.
BUENOS AIRES, Jan 6- Argentina has swapped $16 billion in non-negotiable notes held by the central bank for U.S. dollar-denominated bonds, as the country moves to bolster currency reserves and strengthen its hand against creditors suing over defaulted debt. The central bank also is talking with investment banks about a financing deal of up to $7 billion,...
BUENOS AIRES, Jan 6- Argentina has swapped $16 billion in notes held by the central bank for fresh dollar-denominated bonds, the government said on Wednesday as the country moves to bolster reserves and strengthen its hand against creditors suing over defaulted debt. The central bank also is talking with investment banks about a financing deal of up to $7...
*UK importers' experience jars with yuan's emergence. *IMF has admitted yuan to its benchmark currency basket. BASILDON, England, Jan 6- British businessman Tony Brown is ready to pay in Chinese yuan for the cuddly toys and other funfair stall prizes he buys from a handful of Chinese factories.
SHANGHAI, Jan 6- China's onshore yuan weakened against the dollar on Wednesday to its lowest level since March 2011 after the central bank set its official midpoint rate for the currency. The People's Bank of China set the yuan midpoint rate at 6.5314 per dollar prior to the onshore market open, 0.22 weaker than the previous fix 6.5169, the biggest fall between...
*HSBC says not caused by cyber-attack or malicious activity. *UK lawmaker says to ask HSBC CEO for explanation. LONDON, Jan 5- HSBC said on Tuesday online banking was returning steadily to service after a blackout affected its customers in Britain.
*HSBC says not caused by cyber-attack or malicious activity. *UK lawmaker says to ask HSBC CEO for explanation. LONDON, Jan 5- HSBC said on Tuesday that customers affected by a blackout on its personal banking online services in Britain will not "lose out," as technical problems suffered by Europe's biggest bank ran into a second day.