HSBC said on Tuesday it planned to axe 82 branches in Britain this year after a drop in footfall across its retail network and a surge in digital banking. The lender said it would be left with 511 branches in the UK following the closures, with many of the remaining branches set to be remodelled … Continue reading HSBC to axe 82 branches in UK, cut services in others
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HSBC Holdings Plc is considering a complete exit from retail banking in the United States after narrowing the options for how to improve performance at its struggling North America business, the Financial Times reported on Saturday. The bank’s senior management aim to present the plan to the board in the coming weeks, the FT reported, … Continue reading HSBC considers exit from US retail banking: Report
HSBC Holdings said on Tuesday it would shed $100 billion in assets, slashing the size of its investment bank and revamping its US and European businesses – in a drastic overhaul that will mean 35,000 jobs cut over three years.