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HSBC lost nearly $200 million in a single day amid gold-market turbulence

When the coronavirus pandemic slammed gold's supply chain, prices in different locales sharply differed and drove major trading losses, HSBC said.

HSBC’s profits plunged 51% last quarter as the coronavirus pandemic battered the bank

"The economic impact of the Covid-19 pandemic on our customers has been the main driver of the change in our financial performance," Noel Quinn said.

UK’s biggest banks were hit with a warning to freeze their dividends during the Covid-19 uncertainty or face formal action

Shares of UK's largest banks fall after they suspended outstanding dividends and agreed to no payments until the end of 2020.
FILE PHOTO: People walk past a HSBC signage in Singapore

HSBC tanks the most since 2017 after announcing a $7.2 billion overhaul charge

The bank's overhaul plan seeks to cut as many as 35,000 jobs through 2022 and shift focus from the US and Europe to Asian markets.

Global stocks tank after Apple warns Wuhan coronavirus is hammering sales

Banking giant HSBC's lackluster earnings and intention to cut 35,000 jobs also weighed on world markets.
HSBC reported a 24% decline in profits in the third quarter.

HSBC sinks after reporting an ‘unacceptable’ 24% profit decline last quarter

The bank announced it would be remodelling large parts of the company as it abandoned its main financial target.

Singapore’s women entrepreneurs face limited funding, gender biases but are equally successful securing funds compared to men

Excluding Hong Kong, Singapore is the most gender-neutral market for business capital raising globally, HSBC said.

HSBC is reportedly planning to axe 10,000 jobs amid a brutal year for global bank workers

The Financial Times reported on Sunday the bank faced “an increasingly complex and challenging global environment," citing Brexit and trade conflict.

HSBC says rate cuts aren’t enough — governments need to spend to escape recession

"Central banks, particularly the ECB, have become increasingly vocal that they are very close to reaching the limits of what monetary policy can do."

Global banks have cut 30,000 jobs this year. It’s a sign the banking crisis is only getting worse.

Deutsche Bank leads the way on cuts, but Barclays, HSBC, Société Générale and Citigroup are also reducing headcount.