HSBC invests $35 million in Monese


HSBC invests $35 million in Monese

Mobile banking startup Monese has bagged a $35 million investment from HSBC to support its move into the banking-as-a-service space.

Vietnam’s Emerging Economic Boom

HSBC NOW brings you stories from HSBC employees around the world.

We explore the opportunities for growth in Vietnam with Sumit Dutta, CEO of HSBC Vietnam. The driving force for the country’s economic growth is exports, but its consumer spend is also booming. We take a look at what the future holds for the country.

HSBC NOW brings you stories from our colleagues around the world.

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Life on the HSBC Asset Management programme – Damian’s story

HSBC: Why is Europe’s biggest bank cutting 25,000 jobs? BBC News

HSBC, Europe’s biggest bank, is planning to cut up to 25,000 jobs globally – or nearly 10% of its workforce – as it tries to reduce costs and simplify its business.

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MASSIVE banking acquisition in CANADA – HSBC and RBC

Massive deal announced in the Canadian banking sector this morning. HSBC, the global banking giant, has entered into an agreement to sell its Canadian business to the Royal Bank of Canada, the largest bank in Canada, in a $13.5 billion cash deal expected to close by late 2023.

The purchase price is 9.4 times HSBC Canada’s adjusted 2024 earnings of $1.4 billion, RBC said. HSBC Canada held $134 billion in assets as of Sept. 30 and has about 130 branches and 4,200 employees.

The deal is expected to bring a US$5.7 billion pre-tax gain to HSBC once it is completed in late 2023, and the entire transaction will still require regulatory approval before completion.

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