HSBC’s CEO Explains Why Crypto Is Not in the Banking Giant’s Future

HSBC Is Not Getting Into Crypto, CEO Explains WhyBanking giant HSBC will not be offering crypto services, according to CEO Noel Quinn. Noting that HSBC is more negative on crypto than other banks, the executive stressed: “I do worry about the sustainability of the valuations of crypto.” HSBC Will Not Get Into Crypto, CEO Says The chief executive of HSBC, Noel Quinn, talked […]

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Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced

Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring AnnouncedBanking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring and simplification programs in the bank’s history,” explained interim CEO […]

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