Lawrence White
Stories by Lawrence White
HSBC to shrink i-banking business, cut 35,000 jobs in strategy overhaul
The restructuring is one of the largest undertaken by a blue-chip lender for more than a decade.
HSBC to shed assets worth $100b, lay off 35,000 people over three years
The bank is seeking to become leaner and more competitive as it tries to grapple with a swathe of challenges.
HSBC slashing around 100 staff in equities business
The cuts are said to be across the bank's equities research, sales, trading and back-office business departments.
UK digital banking app Revolut to hire 3,500 in global push with Visa
Revolut is one of the digital-only account providers taking aim at traditional high street banks.
SoftBank-backed UK fintech firm OakNorth inks credit deal with NIBC Bank
UK fintech OakNorth raised $440 million from investors including Japan’s SoftBank Group in February.
StanChart to cut costs, exit smaller businesses in fresh growth strategy
The bank plans to achieve return on tangible equity of at least 10 percent by 2021, from 5.1 percent last year.
Goldman Sachs injects $20m into HSBC-backed fintech app Bud
Recognising the threat posed by nimbler fintechs, big banks are investing in such companies in an effort to pair their respective strengths.
HSBC likely to become first firm to issue Chinese Depositary Receipts
HSBC has tasked its investment banking joint venture in China as well as CITIC Securities Co Ltd to work on the issuance.
StanChart reaches provisional agreement to sell real estate unit to Actis
The business has around $700 million in investments across Asia and Africa.
Japan’s biggest bank MUFG hires 180 London staff in expansion push
MUFG has hired 180 staff in London since April 1 and plans "a few dozen" more hirings in EMEA.
