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HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit
3.9.2019
HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan
Big Banks, Big Troubles: HSBC, Deutsche, Societe, and Citi Lay Off Thousands Worldwide
9.8.2019
Banking giants are in trouble and it’s starting to show. Key players in the industry have already announced massive job cuts and executives with hefty salaries have been dismissed. HSBC, the largest bank in Europe, has revealed it plans to lay off over 4,000 employees and Citigroup...
Money Laundering Fines Worth Billions Help Bankers Avoid Prosecution and Unpleasant Labels
18.7.2019
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner,...
HSBC Blockchain Connection Reduces Transaction Time by 40%
10.7.2019
HSBC and Landmark Group linked two blockchain platforms, which reduced transaction time by 40%
As HSBC Guns for More Market Share, More Tech Jobs To Come Up in China
21.5.2019
HSBC Holdings is one of the largest banking giants in the world and over the course of its history; the bank has always had a strong presence in Asia. However, the lender is not going to rest on its laurels and is looking to further consolidate its presence in the continent by adding as many...