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HSBC’s CEO Explains Why Crypto Is Not in the Banking Giant’s Future
16.9.2022
Banking giant HSBC will not be offering crypto services, according to CEO Noel Quinn. Noting that HSBC is more negative on crypto than other banks, the executive stressed: “I do worry about the sustainability of the valuations of crypto.” HSBC Will Not Get Into Crypto, CEO Says...
HSBC CEO backs CBDCs against crypto and stablecoins
22.9.2021
Banking giant HSBC echoes global stablecoin concerns, calling for regulation to be equivalent to its adoption level
Libra Association Hires Former HSBC CEO
17.9.2020
The Libra Association, the organisation developing the Facebook-led cryptocurrency payments project, has hired a banking heavyweight with 25 years at HSBC
Major HSBC Layoffs: 35,000 Job Cuts and Massive Restructuring Announced
22.2.2020
Banking giant HSBC has unveiled a major restructuring plan that includes 35,000 job cuts. The move came as the bank’s net profit plunged 53% last year. HSBC is also slashing $100 billion in assets and closing many branches. “This represents one of the deepest restructuring...