hbc

HSBC Will Cut Jobs

The brutal drive toward operating efficiency that many large companies adopted during the recession continues, despite what most economists call a...

HSBC Could Lay Off Thousands

The restructuring of the financial services industry, which has ranged from 30,000 layoffs at Bank of America Corp. (NYSE: BAC) to cuts at Citigroup...

Insurers Feeling the Urge to Merge in 2010

Mergers and acquisitions will dominate the insurance and reinsurance market next year. The industry will fuel its urge to merge with balance sheets rehabilitated over the past year.

HSBC: Banks have a pulse

As the results of the government's bank "stress test" approach, a number of the financial firms are concerned about how they will raise money if they...

HSBC sets an example for US banks

HSBC (HBC) will take billions of dollars of losses but it will probably raise enough money to stay viable. That may be a template for what healthier...