Share Share. Stephen Moss will serve in a new regional chief executive role as HSBC CEO Noel Quinn prepares to unveil his strategy on February 18. Feb. 18, 2020 HONG KONG — HSBC plans to cut 35,000 jobs over the next three years as the global bank scales back its Western operations to focus on … Kyle Bass Predicts HSBC Collapse In 2020! 9:44 3 Aug 2020 HSBC to speed up 35,000 job cuts as profits slump Europe's biggest bank says it may cost up to $13bn to cover bad loans linked to the coronavirus. In Conclusion, Kyle Bass thinks HSBC will go into crisis mode in 2020. HSBC had further bad news with more money laundering allegations. By Spiro Skouras, Do you ever wonder why the mainstream corporate media always tries to sell the public half truths, if any truth at all? HSBC could disown pro-democracy ... in the first half of 2020, down 65pc on a year earlier. Who is Kyle Bass? Feb 2021. 2021 events. Banks and other financial institutions file SARs when they believe a client is using their services for potential criminal activity. Discussion topics include UFOs, Politics, Current Events, Secret Societies, and much more. 23. Earlier in Hong Kong, HSBC dropped more than 4%, taking the shares to their lowest level since May 1995. Follow the live blog: HSBC World Rugby Sevens Series 2020 - Sydney. How kyle bass is betting against hong kong! Hexavest of Montreal slashed each of its positions in Apple, Intel, and Microsoft stock, and initiated a small position in electric-vehicle firm Nio in the fourth quarter. The related documents are available to download below. HSBC said in a statement that “all of the information provided by the ICIJ is historical”. Kyle Bass is a legendary investor well known for his extremely rigorous analysis. The documents are said to suggest big banks provided financial services to high-risk individuals from around the world, in some cases even after they had been placed under sanctions by the US government. the International Consortium of Investigative Journalists. Share Tweet Newsletter Signup. Share Tweet Newsletter Signup. HSBC WHISTLEBLOWER INTERVIEW: WORLD ECONOMY WOULD COLLAPSE IF BANKS STOPPED LAUNDERING MONEY. Shares in the banking sector have fallen after media reports that some of the world’s largest banks moved large sums of allegedly illicit funds over nearly two decades, despite red flags about the origins of the money. We distributed our $1,200 stimulus to our church:’ Why did we get these checks instead of poor Americans. The lender resumed a plan in June to lay off 35,000 workers, or about 15% of its workforce. A webcast and conference call with investors and analysts was held at 7.30 am GMT. Kyle Bass Predicts HSBC Collapse In 2020! Kyle Bass Predicts HSBC Collapse In 2020! HSBC and Standard Chartered were among the five banks that appeared most often in the documents, the ICIJ reported. The pandemic and escalating frictions between China and the U.S. dealt a heavy blow to HSBC in the first six months of the year, with pre-tax sales dropping 65 percent to $4.3 billion. ... 2020 5:18 AM ET. The latest breaking news, comment and features from The Independent. Net profit for the period plummeted 77% to $1.98 billion from $8.51 billion, said the U.K.-based, Asia-focused bank. Given the current high degree of uncertainty, it intends to provide an update on its medium-term financial targets and dividend policy when announcing its year-end results for 2020, HSBC … Barclays fell by 4% in early trading in London on Monday and HSBC and Standard Chartered both lost 3%. Godlike Productions is a Discussion Forum. HSBC restarts plan to axe 35,000 jobs after coronavirus put redundancies on hold 'We could not pause the job losses indefinitely - it was always … HSBC Holdings PLC said its first-half net profit plunged from a year earlier, mainly as higher expected credit losses ate into the profit of Europe's largest bank by assets. Published: 7:30pm, 6 Feb, 2020. This compared with an earlier forecast … The plan had been put on hold in March, as its staff scrambled to keep the company operational around the world when the pandemic spread globally. The future of the company is usually determined by its growth potential and its ability to adjust to the changing environment. The bank also issued a warning over the coronavirus outbreak in Asia, which makes up the bulk of its profits, saying it could have an impact on its performance in 2020. ‘This is sheer economic waste. Britain's biggest bank moved the … And I explain them in a simple and fast way that’s easy to understand. The bank said that starting in 2012, “HSBC embarked on a multi-year journey to overhaul its ability to combat financial crime across more than 60 jurisdictions”. (Here’s Why) George Gammon-Modified date: May 18, 2020. He stepped down from the role after his consultancy work for the former Ukrainian president Viktor Yanukovych was exposed, and he was later convicted of fraud and tax evasion. It added: “Criminal activity which may seem obvious with hindsight is often only uncovered as a result of careful evidence gathering after the event in question has occurred or after a SAR has been filed. March 15, 2020 by Edward Morgan.