HSBC To Cut 35,000 Jobs, Shed $100 Billion In Assets As Profits Plunge

HSBC To Cut 35,000 Jobs, Shed $100 Billion In Assets As Profits Plunge By Tyler Durden Banks around the world are supposed to benefit the most from central banks inflating assets, and hyperinflating stock markets, but over the past few years, central banks have instead caused some of the biggest bank job cuts in half a decade. HSBC, Europe’s largest bank and troubled lender, although not nearly as troubled as Deutsche Bank, said it would cut upwards of 35,000 jobs, shed $100 billion in assets, and take a massive $7.3 billion…

Read More

Buffalo Banks Are Financing the Climate Crisis

Buffalo Banks Are Financing the Climate Crisis Buffalo’s biggest banks are lending hundreds of millions to fossil fuel companies and funding a lobbying effort against climate action in New York. Read More → Eyes on the Ties

Read More