It’s HSBC results day and more than two years into the bank’s program of 35,000 job cuts there are signs that the pace of extraction has slowed but that all the previous cuts at the bank were a fine idea. While […]
Tag: HSBC
HSBC and Barclays reveal the reality of the great resignation
How great was the great resignation of 2021? According to the annual reports of both Barclays and HSBC, released last week, it wasn’t quite as dramatic as some complaints might suggest. At Barclays last year, 11% of employees left voluntarily. […]
HSBC juniors would welcome this giant bonus increase
Following last year’s bonus misery, it seems that HSBC might be about to make amends. Bloomberg is reporting today that HSBC plans to double bonuses for “some” junior bankers this year, and to increase pay for its senior bankers by […]
The truth about salaries at HSBC in Hong Kong
If you had any doubt as to how crucial Hong Kong is to HSBC, take a look at its 2019 annual report. Last year HSBC made $22.2bn in adjusted profit before tax globally – and Hong Kong alone generated $12.1bn. The significance […]
Deutsche Bank followed HSBC in delaying graduate hiring
In another sign that COVID-19 is affecting banks’ demand for university leavers, Deutsche Bank has delayed the start date for this year’s graduate hires. Deutsche’s analysts would usually start in mid-July, but are being asked to begin on October 1st […]
Gros salaires et bonus chez HSBC même en période de réduction de coûts
Si HSBC prévoit de se séparer de ses éléments cumulant gros salaires et faible performance dans le cadre d’une réduction de coûts de 4,5 milliards de dollars à l’horizon 2022, les signes tangibles se font attendre. L’an dernier, HSBC a augmenté les effectifs de […]
HSBC traders fearful for bonuses despite strong year
As bonus season approaches, sources say HSBC traders are particularly nervous about coming announcements. Even after a strong year in areas like rates trading, the bonus pool is likely to be down considerably. Bonus apprehension at the international bank was […]
Êtes-vous vraiment certain de travailler dans une banque Tier One ?
Jadis, les gens avaient l’habitude de parler de banques d’investissement « bulge bracket », terme vague qui désignait alors les principales banques américaines comme Goldman Sachs, J.P. Morgan et Merrill Lynch. Sauf que depuis la crise financière de 2008, le terme de […]
The failed quest to become Goldman Sachs 2.0. Secrets of a hedge fund genius
It’s hard to believe that Matthew Westerman only spent 19 months at HSBC. The former Goldman Sachs banker, parachuted in to thrust a U.S. investment bank culture on to an unsuspecting crew of London-based HSBC bankers used to a more gentile working […]
These five senior bankers have just made the switch into fintech
In case you’re wondering if the whole moving from investment banking to fintech trend is a bit 2015, it’s worth noting that senior bankers are still leaving the industry to pursue their start-up ambitions. Some are even doing so in […]