Results tagged “HSBC”

The British & Irish Lions schedule for the 2013 tour to Australia has been announced.

The 10-match schedule includes three test matches against the Wallabies and a game against the Barbarians in Hong Kong. The touring side will again be sponsored by Canary Wharf-based bank HSBC.

HSBC has again hinted it may quit the UK after claiming tighter regulation could cost $2.5billion a year.

The Canary Wharf-based bank announced a 36 per cent fall in its third quarter profits this morning, largely due to its exposure to the Eurozone debt crisis and a rise of $1million in US bad debts.

Barclays has reported a fall in profits for the first six months of this year, although it still made £2.6billion.

The Canary Wharf-based bank saw its profits drop by 33 per cent from the same period last year, and warned that it intends to shed at least 1,400 jobs to cut costs.

Wharf-based bank HSBC has said it will cut 25,000 jobs by 2013 and exit operations in 20 countries as it looks to save billions of dollars. The UK workforce is unaffected in this latest round of cuts.

The North Colonnade in Canary Wharf has been sealed off after a window panel fell from the top of HSBC's headquarters this afternoon.

A panel forming part of the H from the bank's logo plummeted from the 200metre tall tower and landed on top of the adjacent building. There were no casualties.

While economists are, not unreasonably, fretting about the dire state of the British economy, we're leapfrogging the modern troubles to look a little further ahead.

With the economy in a state of flux, the old traditions beyond repair and even some of the new post-dotcom paradigms looking ropy, the shape of things to come is far from certain.

HSBC is to delay its decision on a potential move out of Canary Wharf until next year.

The bank has been hinting that it could move its global headquarters from the UK because of the likely imposition of tougher legislation when the Independent Commission on Banking publishes its report in September.

May 11 will be a red letter day in the life of HSBC as new chief executive sets out his strategy for the future of the bank.

Uppermost in the minds of HSBC's Canary Wharf workforce - where the strategy will be outlined - is be the impact on the retail arm of the bank.

It's still seen by campaigners as the day the tide turned.

Last week, business leaders converged on KPMG's new Canada Square headquarters to discuss the latest developments in the Living Wage, where it was announced more than 100 firms pay the going rate of £7.85 to their lowest paid workers.

Britain might have taken a battering during the economic crisis but it seems it's not such a bad place for businesses.

That's why HSBC has this year instigated its Business Thinking awards, which recognise companies that have shown innovation and forward-thinking to flourish despite the recession.

Major changes have been announced at HSBC this afternoon.

Chief executive Michael Geoghegan is stepping down after four years in the post, with Stuart Gulliver taking over the job. Meanwhile, finance director Douglas Flint will become the bank's new chairman, replacing Stephen Green.

An ex-agency worker at HSBC who admitted to stealing three dozen laptops from the Wharf bank has been spared a jail sentence.

Kevin St James Mitchell, 34, of Grant Road Croydon, pleaded guilty to theft when he appeared at Thames Magistrates last week.

They say everyone has a novel in them and ex-HSBC banker John Gubert is proving that maxim to be true.

He has just published his second novel, called The Financial Terrorist - an action-packed adventure in the world of high finance, although not based on any Canary Wharf institutions.

Barclays Bank has announced half-year profits of almost £4billion.

The banking group, based in Canary Wharf, announced this morning that it had made pre-tax profits of £3.95billion - a rise of 44 per cent on the same period last year.

HSBC posted pre-tax profits of $11.1billion (£7billion) for the first six months of this year - more than double the amount it made in the same period last year.

The bank, which has its headquarters in Canary Wharf, released its figures this morning.

A KPMG auditor has become the company's first representative in a list of top young women in business.

Sarah McCreath, a director at the firm, who works in the luxury goods industry, made it into Management Today's "35 Women Under 35" this month.

It was not long ago that Brazil was known for its poverty - but in 15 years' time, the developing country is predicted to be the fifth biggest economy in the world.

HSBC Brazil president and chief executive Conrado Engel visited London last week for the launch of Festival Brazil, an international programme of business and culture focused around the South American country.

The eyes of the tennis world are firmly focused on London once again with Wimbledon well underway.

But British interest is once again limited, with Andy Murray the sole representative left in the Men's singles draw. Only he and fellow Scot Jamie Baker were even entered this year, with Baker crashing out on Tuesday.

Wimbledon will vie with the World Cup in the television schedules over the next two weeks, with the world's top tennis tournament starting today.

Four-time semi-finalist Tim Henman is relishing the prospect, and believes we could be in for a classic tournament this year.

The Canary Wharf recruitment drive is under way with firms fearing getting "left behind" in the race for top candidates.

Following months of a static jobs market during the downturn, recruitment companies are now reporting a surge in activity.