Breaking News
850 IT Jobs Across the UK are Being Cut by HSBC
Europe’s largest bank, HSBC, has begun laying off 850 Information Technology (IT) workers across Britain today. The first step under a restructuring objective which will get rid of around 8,000 British jobs and looks at eliminating 50,000 globally by the end of 2017.
This colossal restructuring will shut down around one in five jobs around the world and about a sixth of the jobs in Britain. HSBC’s business plan is designed to improve earnings damaged by high compliance costs, fines and low interest rates by closing the under-performing businesses.
A large part of this overhaul plans to shift applications to the cloud and shifting the development side towards lower cost economies such as China and India. These two parts of the world will acquire around 75% of shares saving around $525 million.
HSBC expects to make a total saving of over $1 billion and a further $500 million will be put up from consolidating suppliers.
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Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
CLS Appoints Six New Board Directors
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announces the appointment of six new members to its Board of Directors at the CLS Annual General Meeting held on 9 June 2026.
Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World
Mobey Forum’s Fraud Expert Group has published a new report, Rethinking Fraud in a Connected World: Trust, Collaboration, and Resilience in the Digital Ecosystem, exploring how fraud is evolving beyond traditional banking threats and why stronger collaboration across industries is becoming essential.
SumUp Launches in Canada
SumUp, the global financial technology company, today announced its official launch in Canada. The milestone makes Canada SumUp's 38th market and its latest step in building out its presence across the Americas, as the company continues its mission to make commerce simpler and more accessible for all businesses worldwide.
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The European FinTech Association (EFA) today announced the election of its new Board of Directors, bringing together senior leaders from across Europe's fintech ecosystem to guide the Association's work over the coming term.
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Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Connect IFA Strengthens Leadership Team to Drive Growth and Enhance Adviser Support
Connect IFA Ltd is pleased to announce key leadership appointments designed to strengthen its commitment to growth and enhance the support it provides to advisers and network members.