Monday 8 February 2016
 
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HSBC

HSBC to freeze salaries, hiring in 2016 to cut costs

Europe's largest lender, HSBC, is imposing a hiring and pay freeze across the bank globally in 2016, two sources familiar with the matter told Reuters. An email was sent to staff on Friday detailing the latest cost-saving meas

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HSBC whistleblower Falciani gets 5 years jail

Herve Falciani, an ex-employee of HSBC's Geneva private bank who leaked information on clients and their tax situation, has been sentenced to five years in prison for aggravated industrial espionage, the bank said on Friday. H

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HSBC cuts UAE retail, commercial bank jobs

HSBC has cut jobs in its retail and commercial banking units in the United Arab Emirates (UAE) as the bank prepares for lower growth in the country next year, a source familiar with the matter said on Monday. The bank in June anno

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HSBC profit leaps as drop in fines counters Asia slowdown

HSBC profit jumped by a third in the latest quarter as a drop in fines for past misconduct more than offset the impact of a slowdown in Asia and increased spending on regulatory compliance. The bank posted third-quarter profit of

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HSBC moves Mideast head office to Dubai

HSBC Holdings' Middle East business is to move its head office from Jersey to Dubai's financial free zone next year, the bank said on Thursday. Mohammad Al Tuwaijri, deputy chairman and chief executive of HSBC in the Middl

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HSBC eyes digital space investment in Bahrain

As many as 50 per cent of HSBC Bahrain’s customers are digitally engaged with the bank, a top official said yesterday (September 14). HSBC Bahrain head of retail banking and wealth management Shakofa Asghar said that the bank would conti

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HSBC sees two senior bankers leave Middle East office

James Milligan, head of trading for HSBC in the Middle East and North Africa, has left his position in the past week, a banking source said on Thursday. Milligan's role will be scrapped, with his responsibilities in charge of

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HSBC appoints M&A head for Mena

HSBC Holdings has appointed Efe Kapanci as the bank's head of mergers and acquisitions in the Middle East and North Africa, according to a company memo seen by Reuters. Kapanci has been with the bank since 2002 and was previou

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Turkish firm closes $106m loan facility

Turkey’s Yapı Kredi Leasing has closed a $106 million syndicated loan arranged by Bahrain-based Bank ABC and HSBC, it was announced yesterday. The two-year syndicated loan will be used by Yapi Kredi Leasing for general corporate and fina

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Payments glitch at HSBC leaves Britons without wages

Thousands of Britons failed to receive their wages on Friday (August 28) when a problem at Europe's biggest bank HSBC prevented some of its business customers from making payments.   The glitch affected payme

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