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...a member of the bank’s executive committee, told the Financial Times....
...“Animal spirits need to be there, we need to innovate,” said Afolami, who earlier in his career worked at HSBC....
...Chief financial officer Georges Elhedery said last year that the bank was considering selling or scaling back businesses in 12 countries, though he did not say which....
...— Unhedged episode on auto insurance — Allstate is a BBB credit now — The insurance storm continues — Car insurance! Again!...
...Total pay for the HSBC chief executive nearly doubled to £10.6mn ($13.4mn) in 2023....
...This is an audio transcript of the FT News Briefing podcast episode: ‘HSBC profits nosedive’ [MUSIC PLAYING] Sonja Hutson Good morning from the Financial Times....
...the Financial Services Compensation Scheme between 2015 and 2022....
...The Bank of England has fined HSBC £57.4mn for failing to correctly identify customer deposits eligible for protection under the UK’s Financial Services Compensation Scheme between 2015 and 2022....
...Georges Elhedery, the bank’s chief financial officer, said that if conditions were right, “we remain intent to have a rolling series of share buybacks”....
...HSBC was fined £57.4mn on Tuesday for failing to identify billions of pounds worth of deposits held by hundreds of its customers who were eligible for protection under the UK’s Financial Services Compensation...
...Michael Rhodes, who joined Discover in December, is headed to Ally Financial, where he will be chief executive of the financial services company that has long specialised in auto loans....
...Michael Rhodes, who only joined Discover in December, is headed to Ally Financial, where he will be CEO of the financial services company, which has long specialised in auto loans....
...British auto lenders could face up to £13bn in compensation payouts after the UK financial watchdog set out the length of a probe into historic commission agreements that allegedly led to consumers overpaying...
...The Model 2 “appears to have morphed into something less radical than previously indicated, but there was confirmation that more models are coming,” wrote Mike Tyndall, analyst at HSBC....
...Already our membership includes companies such as HSBC, Nationwide, Aviva and Barclays. They’re upping their game and others need to follow....
...Darrell Belcher, who has worked in assembly in the Chattanooga plant for 13 years, told the Financial Times that the union’s pitch to Volkswagen workers hinged on the record 25 per cent raises Ford, Stellantis...
...A spokesperson said at the time that the “strategic partnership” would help HSBC “deliver digital wealth and financial tools at pace and scale”....
...Gary Gensler, chair of the US Securities and Exchange Commission, told the Financial Times recently that a financial crisis was “nearly unavoidable” within a decade if regulators failed to manage the risks...
...Back in 2014, HSBC had published a policy stating that it would not “knowingly provide financial services directly supporting projects which threaten the special characteristics of Unesco World Heritage...
...Workers at that plant previously told the Financial Times that they felt underpaid and unsafe at work....
...Morgan Stanley to stay in Canary Wharf for another 14 years: The London financial hub has been hit by changes as working patterns change post-pandemic. Here’s the latest development....
...loans signalling “increased financial stress”....
...The Financial Times reported Hallmark’s appointment earlier on Friday....
...The National Press and Publication Administration’s release in December of proposed regulations sparked concerns over a crackdown, writes the Financial Times’ Qianer Liu....
...Nvidia’s net income soared nearly 800 per cent in the latest quarter compared to the same period in 2022, HSBC reported an 80 per cent drop in quarterly profit, and Boeing is replacing the executive in charge...
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