(Bloomberg) — HSBC Holdings Plc is kicking off a fresh round of job cuts at its investment bank as new Chief Executive Officer Georges Elhedery continues his overhaul of Europe’s biggest lender, according to people familiar with the matter. Most Read from Bloomberg The latest phase of cuts will start in Asia, but will ultimately…
Check out the companies making headlines before the bell. VF Corp – Shares soared nearly 20% following the North Face and JanSport parent’s better-than-expected quarterly results. For the fiscal second quarter, the company posted adjusted earnings of 60 cents per share on $2.76 billion in revenue. Analysts surveyed by LSEG were looking for 37 cents…
European markets were slightly higher Tuesday as traders in the region digested the latest slew of earnings reports. The pan-European Stoxx 600 was up 0.10% by 10:20 a.m. London time, with sectors slipping into mixed territory. Mining stocks added 1.14% while travel and leisure stocks slipped 0.52%. HBSC‘s London-listed shares added 4.5% after it issued…
By Selena Li, Engen Tham and Sumeet Chatterjee HONG KONG/SHANGHAI (Reuters) – HSBC Holdings Plc is reviewing expenses and operational controls at its China digital wealth business Pinnacle, in a move that could result in layoffs and mark an abrupt reversal of the lender’s ambition for the unit, several sources said. As part of the…