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  1. HSBC to Cut Up to 10,000 Jobs to Slash Costs, FT Reports

    Bloomberg via Yahoo FinanceOct 07 7:48 AM

    John Flint, who abruptly departed in August after 18 months leading the bank, failed to radically cut expenses. “HSBC has a structural profitability challenge in the Americas and Europe ...

  2. Morgan Stanley, Goldman Make Their Own Direct-Listing Pitches

    Bloomberg via Yahoo FinanceOct 04 21:35 PM

    The biggest investment banks want to make sure they stay in the mix. Morgan Stanley is organizing an event about direct listings on Oct. 21 in San Francisco, according to people with ...

  3. Turkish Banks on a Roll as Investors Focus on the Bright Side

    Bloomberg via Yahoo FinanceOct 01 4:00 AM

    The Borsa Istanbul Banks Index climbed 13% through Sept. 30, the biggest three-month gain since June 2017 and the fourth straight quarterly advance. “Investors decided to be optimistic ...

  4. Thursday’s ruling may hold varying implications for individual banks and the market may be “volatile and misleading” in its wake, said Slawomir Sklinda, deputy head of asset management ...

  5. HSBC Sees Staff Shrinking by Thousands on Cuts, French Sale

    Bloomberg via Yahoo FinanceOct 07 13:09 PM

    HSBC’s planned sale of its French retail bank could take between 4,000 and 8,000 workers off the lender’s payroll, according to a person familiar with the matter. The plan drawn up by HSBC’s ...

  6. European Stocks Drop as Trade Tension, Brexit Dial Up the Gloom

    Bloomberg via Yahoo FinanceOct 08 11:51 AM

    The Stoxx Europe 600 Index was down 0.9% as of 12:51 p.m. in London, with all industry groups lower. China indicated it would strike back after the U.S. blacklisted eight of its tech ...

  7. Yet while cheered by businesses, the moves have left investors with several unanswered questions and worries about the fiscal deficit. Sitharaman’s biggest move was to slash corporate taxes, ...

  8. Gulf Capital Bank to Open Houston’s First De Novo Bank Since 2008

    Associated Press via Yahoo FinanceSep 30 14:04 PM

    BUSINESS WIRE)--Sep 30, 2019-- Today, Gulf Capital Bank received conditional approval from the Texas Department of Banking and Federal Deposit Insurance Corp (FDIC) to open Houston's first de ...

  9. Metro Bank Founder Hill to Leave Board Early as Stock Slides

    Bloomberg via Yahoo FinanceOct 02 8:51 AM

    Hill, the U.S. entrepreneur who founded Metro a decade ago, will step down as chairman on Dec. 31, the London-based bank said in a statement Wednesday. The move “could be a sign the lender is ...

  10. World Economy Sends Up Flares as Manufacturing Slump Hits U.S.

    Bloomberg via Yahoo FinanceOct 01 17:39 PM

    The global economy flashed clearer warning signs on Tuesday as a wave of data showed manufacturing stuck in a slump, exports falling and sentiment sliding. In the U.S., a closely watched factory ...

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