China ‘Bullying’ UK Over HSBC Hong Kong Accounts: Pompeo

The Chinese Communist Party (CCP) is using “coercive bullying tactics” with the UK, said U.S. Secretary of State Mike Pompeo, citing HSBC bank’s reported conduct toward Hong Kong account holders. HSBC UK is reportedly denying Hong Kong-based executives of the pro-democracy publisher Next Media access to their personal bank accounts and credit cards, Pompeo said […]

HSBC Revives 35,000 Job Cut Plan After Pandemic Pause

LONDON—HSBC is resuming plans to cut around 35,000 jobs which it put on ice after the CCP (Chinese Communist Party) virus outbreak, as Europe’s biggest bank grapples with the impact on its already falling profits. It will also maintain a freeze on almost all external hiring, Chief Executive Noel Quinn said in a memo sent […]