HSBC to accelerate restructure plan to slash costs

“These were promising results against a backdrop of the continuing impacts of Covid-19 on the global economy. I’m pleased with the significantly lower credit losses in the quarter, and we are moving at pace to adapt our business model to a protracted low interest rate environment,” the group Chief executive Noel Quinn said in a statement.

Recent Posts

Primark to cut 400 store management jobs

Kari Rodgers, Primark retail director for the UK, said: "The changes we're proposing will deliver a simplified and more consistent management structure across all of our stores, provide more opportunities for career progression and offer greater flexibility.

read more

Harry and Meghan misused in fake investment endorsement

"People earning millions from home by using Harry and Meghan latest advice," says one of the latest fake headlines, in a story also using the logos of news brands, including the BBC, the Daily Mail, the Sun, Forbes, Good Morning Britain and the Guardian.

read more

US and UK finally sit down on steel tariffs

Under the Trump administration, the US imposed a 25% duty on foreign steel and 15% tax on foreign aluminium, setting off a firestorm of criticism - especially from allies, including the UK, who imposed tariffs on some US goods, such as whiskey, in retaliation.

read more