HSBC

HSBC Reorganization Slashes 35K Positions, $100B Assets

HSBC Reorganization Slashes 35K Positions, $100B Assets

Europe’s biggest bank by assets, HSBC, is slashing 35,000 jobs and $100 billion in assets as it moves to streamline business functions in the U.S., mainland Europe and its investment bank, the Wall Street Journal (WSJ) reported on Tuesday (Feb. 18).

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HSBC Gives US Customers Single Platform for Business and Personal Banking

HSBC Gives US Customers Single Platform for Business and Personal Banking

HSBC has launched a service in the US that allows customers to easily manage both their small business and personal accounts on a single digital platform. HSBC Fusion will offer a single point of access, whether in the branch, by phone or through digital banking services, where customers can manage both their personal and business […]

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HSBC Plans Digital Bank to Counter Online Rivals

HSBC Plans Digital Bank to Counter Online Rivals

HSBC is close to launching a new digital bank known internally as “Project Iceberg” in a move to sink new competition from online upstarts. Europe’s largest lender has recruited more than 100 people to the secret project, based in offices in the Aldwych area of central London.

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HSBC’s Strategy to Improve Digital Services for Commercial Clients

HSBC’s Strategy to Improve Digital Services for Commercial Clients

HSBC sees its international reach and long-standing relationships as providing a unique advantage over its competitors as it tries to enhance digital offerings for commercial clients. The bank can utilize a common global architecture that leverages 150 years of data, said Edward Achtner, the head of digital banking for HSBC’s U.S.

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HSBC’s Digital Transformation: ‘It’s a People Business’

HSBC’s Digital Transformation: ‘It’s a People Business’

With so much focus now on user experience and design, investing in bank technology is taking on a new dimension, said Mary Kate Loftus, the head of multichannel for retail banking and wealth management at HSBC’s U.S. unit. Digital used to be about coding and IT; now it’s becoming a people business, she said.

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