HONG KONG/LONDON — HSBC is cutting around 100 roles in its equities business with the bulk of the layoffs falling on its continental European trading floors, sources familiar with the matter told Reuters.
The cuts will affect the bank's equities research, sales, trading and back office business departments, the sources said, and will include a handful of job losses in Asia.
HSBC said it could not provide a comment as the bank is in a closed period ahead of reporting full-year results for 2019.
Many things are taking place:
OceanSound Partners Announces Strategic Investments to Create Leading Government Technology
Smartronix, based in Hollywood, MD, is a leading provider of next-generation information technology and cloud solutions to government and commercial customers, and intelligence, surveillance, and reconnaissance solutions to the U.S. Department of Defense. The recapitalization of Smartronix was completed in December 2019. Trident, based in Huntsville, AL, is a leading provider of advanced IT, engineering, and programmatic solutions to the United States federal government.
"The Smartronix team is thrilled to partner with OceanSound given their deep experience in our core markets and a shared vision on how we can continue to grow our company," said John Parris, CEO of Smartronix. "This partnership will allow us to further build our brand, broaden our portfolio of capabilities and expand into new customer segments by investing in the business, both organically and with strategic acquisitions."
C3 launches Better Business Challenge -
CHARLOTTESVILLE, Va. (CBS19 NEWS) -- The Charlottesville Climate Collaborative has launched its fourth Better Business Challenge and is urging businesses to sign up.
The challenge is a friendly competition where local businesses vie for recognition for lowering their climate impacts.
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"This is important because our community has already committed to reducing our emissions community-wide," Habel said. "Businesses also experience cost savings by taking some of these actions, so it's really good for their bottom line."
Atlanta's 500 Most Powerful Leaders in 2020: Business - Atlanta Magazine
Education: Harvard University, Stanford University (PhD)
Hobbies: Birdwatching, sports
Charities: Affordable housing, Audubon Society, Nature Conservancy, Human Rights Campaign
Bucket list: Visiting the state capitol in Honolulu to complete goal of visiting the state capitol buildings in all 50 states
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Since 2012, Cynthia N. Day has been the CEO and president of Citizens Bancshares Corp. and Citizens Trust Bank. She joined Citizens Trust Bank as an executive vice president in 2003 following its acquisition of Citizens Federal Savings Bank of Birmingham, where she'd served as executive vice president and chief operating officer, and in other capacities, since 1993.
Many things are taking place:
Business Journal: Sacramento Job Growth; Area Mall Construction; Fieldwork Brewing Grows -
Employees at Fieldwork Brewing's existing taproom in Midtown Sacramento. The Berkeley-based craft brewery will expand from 1,400 to 4,900 square feet, with an address of 1805-1809 Capitol Ave.
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The Sacramento area economy is strong, and there aren't signs of an upcoming recession. That was one of the takeaways from the 2020 Economic Forecast, presented this week at Sacramento State by the Sacramento Business Review and the Sacramento Business Journal. The Sacramento Business Review is a report compiled by 17 local researchers and financial analysts.
Entrepreneurs should be willing to pivot as business changes
William Wrigley Jr. spent many of his childhood years selling his father's Wrigley's Scouring Soap on the streets of Philadelphia. So when he set out for Chicago in the 1890s, Wrigley did what he knew and brought the soap trade with him.
Had Wrigley stuck to his original plan, it's unlikely his name would stand today as one of the most iconic in Chicago business history. Instead, he took some calculated risks and pivoted his business twice.
Wrigley had been tossing in packages of baking powder as an incentive for purchasing his soap. When the baking powder proved more popular with customers than his soap, he made it his main product. Soon he realized that his new bonus product, chewing gum, was an even bigger draw, and he changed his focus again. The rest is history.
Business officials: Keep Vienna affordable, community-oriented | Business | insidenova.com
Mary Coulombe, Craig Burns and Lu Cousins listen as Natalie Monkou, Vienna's economic-development director, outlines her recent efforts Jan. 15, 2020, during a community meeting at Caffè Amouri. (Photo by Brian Trompeter)
Vienna's first-ever economic-development manager, Natalie Monkou, has spent her first two months on the job listening to the aspirations and concerns of about 30 business owners.
When she met with about half a dozen business people and residents Jan. 15 at an informal "pop-up" discussion at Caffè Amouri, attendees expressed concern about high commercial rents and the need to preserve Vienna's small-town character and craft a coherent vision for what kind of companies should be enticed to the town.
How Frank Biden leveraged his famous name for business gain - ABC News
Frank Biden, a longtime real estate developer in the state, accepted the offer, and over the years, he touted his famous last name and prominent connections in Washington to help land the company a series of charter contracts from local officials in Florida to open charter schools, earning hundreds of thousands of dollars over a five-year period from the company in the process.
In media interviews at the time, Frank Biden was unabashed – calling his last name "a tremendous asset" because of the family's record of "taking care of people who need help," and telling people it brought him "automatic acceptance" as he sought government approvals for the for-profit Mavericks in Education.
Happening on Twitter
Exclusive: HSBC is cutting around 100 roles in its equities business with the bulk of the layoffs falling on its co… https://t.co/7juvlmICqo ReutersBiz (from Around the world) Fri Jan 17 16:20:08 +0000 2020
Exclusive: HSBC cutting around 100 staff in equities business - sources https://t.co/W0jr9E66hO https://t.co/pGKuPzKIAU Reuters (from Around the world) Fri Jan 17 14:50:48 +0000 2020
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