After a series of COVID-19 pandemic disruptions, ongoing geopolitical conflicts, and now a historic year in which more than 60 countries are holding elections, supply chain managers face a growing number of challenges. “I would actually say that we’re in a new era,” HSBC Americas head of global trade solutions Marissa Adams told Yahoo Finance […]
Tag: HSBC
Citi, HSBC, Barclays Ramp Up Demands for Five Days in Office
(Bloomberg) — Citigroup Inc., HSBC Holdings Plc and Barclays Plc are ordering more staffers to report to company offices five days a week as regulatory changes make it trickier for Wall Street to allow working from home. Most Read from Bloomberg Citigroup is requiring about 600 US employees previously eligible to work remotely to commute […]
HSBC, StanChart Press Sunak to Ease Clampdown on China Business
(Bloomberg) — Rishi Sunak’s government faces pressure from banks including HSBC Holdings Plc and Standard Chartered Plc, as well as other major companies in the UK, to tone down proposed restrictions on doing business with China. Most Read from Bloomberg Their target is part of new British national security legislation, which aims to boost transparency […]
HSBC posts record high profit, misses estimate as China write-off bites
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -HSBC Holdings reported a record annual profit, that nonetheless came in below analysts’ forecasts as the income boost from higher interests rates was offset by a hefty $3 billion charge from its stake in a Chinese bank. HSBC, which has market value of $160 billion, reported […]
Amazon, HSBC, AT&T Join Pledge to Hire Migrants in Mexico
(Bloomberg) — A group of 50 companies including Amazon.com Inc., HSBC Holdings Plc and AT&T Inc. pledged to hire migrants in Mexico with the help of the United Nations’ migration agency, a move intended to give employment to some of the thousands of foreigners who have in recent years settled in the Latin American nation. […]
HSBC Takes On Revolut, Wise With New Forex App for Non-Customers
(Bloomberg) — HSBC Holdings Plc is set to debut an international payments app aimed at directly challenging the dominance of fintechs like Revolut and Wise Plc that have gathered tens of millions of retail customers by offering cheap foreign exchange. Most Read from Bloomberg Zing will initially be offered in the UK, but Europe’s largest […]