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HSBC planning to cut 10,000 more posts: Financial Times

Monday, October 7, 2019, 4:17 PM

HSBC is planning to lay-off up to 10,000 staff, a report said just weeks after its chief-executive stepped down and announced the axing 4,000 posts citing a weak global-outlook. The latest cuts mostly in high-paid roles are part of a fresh cost-cutting drive by new-boss Noel Quinn as the banking titan struggles to adjust to falling interest rates, Brexit and the long-running trade war.
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U.S. congressional probe finds possible lapses in Deutsche Bank controls

Friday, September 6, 2019, 8:00 PM

U.S. congressional investigators have identified possible failures in Deutsche Bank AG's (DBKGn.D) money laundering controls in its dealings with Russian oligarchs, after the lender handed over a trove of transaction records, emails and other documents, three people familiar with the matter said. The White House and a Trump Organization spokeswoman, Amanda Miller, did not respond to requests for comment.
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Deutsche Bank pink slips hit Bengaluru operations too

Wednesday, July 10, 2019, 6:28 PM

Deutsche Bank's move to lay off employees across its global operations has seen an impact closer home. An unknown number of employees from its Bengaluru operations are known to have received pink slips. Deutsche Bank did not divulge details on the number of employees laid off, or whether operations had been affected post the layoffs.

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