HSBC Holdings Plc has laid off more than two dozen analysts in recent days, deepening a strategic overhaul of its investment banking operations. Among those impacted is Steven Major, the Dubai-based Global Head of Fixed Income Research, according to people familiar with the matter who requested anonymity due to the confidential nature of the discussions.
HSBC Holdings has laid off over two dozen analysts in recent days as part of its ongoing overhaul of its investment banking division, sources familiar with the matter told Bloomberg. Per the report, people affected by the move included Steven Major, HSBC’s Dubai-based global head of fixed income research. Most of these cuts were in
‘Agentic AI’ is fast making major inroads into the UAE banking sector – moving beyond chatbots to autonomous decision-making in credit and customer experience – with some of the banks already going live with them for granting personal loans and SME financing – amidst rapid digital banking initiatives in the region, sector experts said. The
[SINGAPORE] HSBC Holdings has culled more than two dozen analysts in recent days as Europe’s largest lender deepens a restructuring of its investment banking businesses, according to sources familiar with the matter. Those affected by the move include Steven Major, HSBC’s Dubai-based global head of fixed income research, the sources said, asking not to be
The Q4 results of the private banks as well as state-run lenders were mixed with net interest margins surprising positively for larger banks, but growth remaining elusive. Banks delivered a credit growth of 11% year-on-year (YoY). Slower credit growth versus Street expectations was primarily visible amongst the larger private banks, while most mid-sized banks delivered
NatWest’s decision comes alongside a statement which acknowledges the impact these decisions have on certain customers. NatWest’s decision comes alongside a statement which acknowledges the impact these decisions have on certain customers. NatWest are set to shut more branches this week as 53 are set to close down by the end of 2025. NatWest’s decision
By Nesil Staney 360 One, one of the largest portfolio management firms in the country, is planning to build a full-fledged investment banking vertical through Batlivala & Karani (B&K), a brokerage it acquired in January. The company, which manages $68 billion in assets, is also nearing closure of four of its investment funds, a senior executive told FE. This includes
Troubled Nissan Banks On Its Hybrid Tech For A Turnaround Money-losing Japanese automaker Nissan is banking on its latest e-Power technology for a turnaround. A kind of hybrid, e-Power comes equipped with both an electric motor and gasoline engine, much like the Toyota Motor Corp. Prius. It’s different from a Prius in that it doesn’t
[SINGAPORE] Bursa-listed Hong Leong Bank (HLB) – a subsidiary of Malaysian tycoon Quek Leng Chan’s Hong Leong Financial Group (HLFG) – on Monday (May 26) announced it has formed a strategic alliance with Swiss private bank Lombard Odier. Quek is chairman of both HLFG and HLB, which are part of Malaysia’s Hong Leong Group
This story was produced by our colleagues at the BBC. Moving homes is a stressful time — and for British mom Emily McAllister, whose daughter Keira has Down syndrome and autism, it required even more planning. But when the day came, her bank, Barclays, was unable to transfer the funds to complete the purchase. As she had