HSBC Downgrades Goldman Sachs and Morgan Stanley: ‘Risk-Reward Too Unattractive’ After Recent Bank Stock Rally HSBC analysts are signaling caution for investors eyeing Goldman Sachs and Morgan Stanley, downgrading the two banking giants after their recent surge in stock prices. Despite the rally in bank stocks following Donald Trump's victory in the U.S. presidential elections, […]
HSBC to Cut Hundreds of Senior Jobs in Major Overhaul, Requiring Bankers to Reapply for Roles HSBC, one of the world's largest financial institutions, is set to implement a major restructuring plan that will affect hundreds of its senior bankers. Under the leadership of CEO Georges Elhedery, the bank is launching a sweeping overhaul that […]
Image by Wpcpey - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=50843779 Hang Seng has said that its vice-chair and CEO, Louisa Cheang Wai-wan has extended her leave of absence as she recovers from a medical condition first disclosed last year. After her medical leave of absence, Cheang will return as a HSBC executive. In a statement, […]
Set to become the first female to lead any of the UK’s top four big banks (RBS, HSBC, Barclays and Lloyds), Alison Rose has been announced as the successor to current RBS chief executive Ross McEwan.
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