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HSBC to cull up to 14,000 more jobs in war on costs

HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs globally, as Europe's largest bank seeks to drive earnings and dividend growth in the face of muted revenue.
Lawrence White and Steve Slater, Reuters
Posted on 5-15-2013 at 7:20 AM
Tags: HSBC

HSBC profits nearly double as costs and bad debts fall

HSBC aims to keep the pressure on costs after first-quarter earnings nearly doubled due to the bank's three-year efficiency drive and a halving in bad debts charges.
Steve Slater, Reuters
Posted on 5-07-2013 at 8:27 AM
Tags: HSBC

Bank of England sets banks’ capital shortfall at $38B

Britain's banks must raise $37.9 billion US in extra capital by December to absorb possible future losses and sustain lending, the Bank of England's Financial Policy Committee said on Wednesday.
Huw Jones and Matt Scuffham, Reuters
Posted on 3-27-2013 at 8:42 AM
Tags: Bank of England, Royal Bank of Scotland (RBS), HSBC

UK sets out new law to break up errant banks

British banks that fail to guard their day-to-day banking from risky investment activities will face being dismantled, finance minister George Osborne said on Monday.
David Milliken and Matt Scuffham, Reuters
Posted on 2-04-2013 at 10:45 AM
Tags: United Kingdom, HSBC

HSBC to pay $1.9B fine in money laundering case

HSBC has agreed to pay a record $1.92 billion US fine to settle a multi-year probe by U.S. prosecutors, who accused Europe's biggest bank of failing to enforce rules designed to prevent the...
Carrick Mollenkamp and Brett Wolf, Reuters
Posted on 12-11-2012 at 7:03 AM
Tags: HSBC