Mike Pompeo steps up criticism of HSBC over Hong Kong

Image copyright Reuters Image caption US Secretary of State Mike Pompeo has criticised HSBC’s support for China’s new security law US Secretary of State Mike Pompeo has renewed his criticism of banking giant HSBC, accusing it of aiding China’s “political repression” in Hong Kong. He said he was “dismayed” that executives at Next Media, a pro-democracy media group, were apparently… Read more →

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HSBC to press on with 35,000 job cuts

Image copyright Getty Images HSBC, the UK’s largest bank, is to resume its plans to cut 35,000 jobs. New chief executive Noel Quinn gave the news to his 235,000 staff around the globe in a memo seen by the BBC and confirmed as authentic by the bank. The lender had originally announced the plan in February, but put it on… Read more →