HSBC (The Hongkong and Shanghai Banking Corporation) Holdings Plc recently announced that the bank will witness a major overhaul that would reduce the number of staff to 200,000 from 235,000 over the next three years. The announcement comes after the bank reported that it has missed the pre-tax profit expectations after the bank took a…
The novel coronavirus outbreak, which began from Chinese city Wuhan in December, has now infected more than 67,000 people and killed over 1,500 in China alone. With the World Health Organization declaring it a Public Health Emergency of International Concern, the virus has shut forced the Chinese economy on its knees with many analysts failing…