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HSBC Holdings has reportedly laid off investment banking staff on "bonus day," with senior employees at the vice president level or above facing no bonuses due to restructuring. The bank had previously announced plans to close its merger and acquisition advisory and equity capital markets businesses outside Asia and the Middle East. Additionally, HSBC is considering outsourcing some fixed income trading order flow to a third party.
HSBC's investment bankers faced layoffs on bonus day, receiving no bonuses as part of a broader restructuring plan. The bank aims to cut costs by £1.2 billion by 2026, merging its main units and focusing more on commercial and retail operations, which now dominate its business.
Leonteq shareholders have approved a proposal from Raiffeisen Switzerland to increase the dividend payout. Leonteq AG, an independent provider of investment solutions technology and services based in Switzerland, operates across multiple international offices and offers a comprehensive platform for structured investment products.
Iqbal Khan, UBS Asia-Pacific president, warns that stagflation poses a significant risk for investors, overshadowing concerns about growth. Speaking at the Bloomberg Family Office Summit in Hong Kong, he highlighted the presence of "pockets of opportunity" in uncertain markets.
UBS Asia Pacific President Iqbal Khan warns that stagflation poses a significant risk for investors, overshadowing concerns about growth. Speaking at the Bloomberg Family Office Summit in Hong Kong, he highlighted the presence of "pockets of opportunity" in uncertain markets.
Iqbal Khan, president of UBS Asia Pacific, highlighted stagflation as a significant risk for investors during the Bloomberg Family Office Summit in Hong Kong. He emphasized that the primary concern is not the level of growth, but rather the potential for stagflation in uncertain markets, presenting both challenges and opportunities.
HSBC is executing a $1.42 billion share buy-back program, repurchasing over 125 million shares from the UK and Hong Kong markets to enhance shareholder value. This move aims to improve financial metrics like earnings per share by reducing the number of outstanding shares. The strategy reflects a broader trend in capital management, as companies increasingly focus on optimizing shareholder returns and fostering positive market sentiment.
Animoca's Yat Siu is intensifying efforts in the Web3 space, contrasting with a trend of retreat among other companies. This strategic commitment highlights a growing divergence in the industry as some players scale back while others, like Animoca, double down on innovation and development.
HSBC Holdings plans to continue investing in Hong Kong, emphasizing its commitment to the region's financial landscape. AASTOCKS.com Limited provides various financial information and services, but it disclaims any liability for inaccuracies or trading decisions made based on its content. Users are advised to seek independent professional advice before making investment decisions.
Guangzhou Automobile Group (GAC) has denied rumors that its new subsidiary, Huawang Auto, formed in partnership with Huawei, will acquire Evergrande NEV's Nansha plant. GAC clarified that there have been no discussions regarding the purchase, emphasizing that Huawang Auto will focus on utilizing existing production capacity and leveraging Huawei's expertise in product development and marketing. The new luxury intelligent NEV brand is set to launch soon, with the first model priced around CNY300,000.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
hsbc lays off investment bankers on bonus day amid restructuring efforts
01:38 28.03.2025
hsbc cuts investment banking bonuses amid major restructuring plans
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Leonteq shareholders approve Raiffeisen Switzerland's proposal for increased dividend
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stagflation poses significant risk for investors warns UBS president Iqbal Khan
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stagflation poses significant risks for investors says UBS president Iqbal Khan
10:50 27.03.2025
stagflation poses significant risks for investors says UBS Asia Pacific president
10:50 27.03.2025
hsbc initiates significant share buy-back to enhance shareholder value
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hsbc holdings plans continued investment in hong kong's future
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GAC denies rumors of acquiring Evergrande NEV's Nansha plant amid new venture
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