COGNICURRENT

HSBC is considering up to 20,000 job cuts as it aims to integrate AI into its operations, which could affect around 10% of its workforce.

HSBC is reportedly considering cutting 20,000 jobs over the next few years as part of a strategy to reduce costs by leveraging artificial intelligence.

HSBC Mexico is shifting its strategy to target the premium market by enhancing its services for the middle class, distinct from larger institutions.

Major UK banks have informed customers about new rules regarding contactless card payment limits starting March 19, 2026, allowing for potentially higher limits based on fraud control measures.

Mexico aims for financial self-sufficiency, with a strong banking system and internal resources to attract foreign investment and support domestic business growth.

UK banks, including Nationwide and HSBC, are implementing new contactless payment rule changes allowing firms to set their own limits starting Thursday.

Major UK banks are withdrawing sub-4% fixed mortgage deals in response to market turmoil and increased interest rates.

The decision regarding a €300 million capital increase for CrediaBank has been postponed to March 27 due to market uncertainties caused by the war in the Middle East.

UK banks are set to change contactless payment limits from £100, allowing for potentially higher amounts based on bank discretion starting next Thursday.

HSBC is offering up to £500 cashback for customers who make deposits into eligible ISA accounts by May 11, 2026, requiring a minimum deposit of £20,000.

Major banks are shutting down or evacuating offices in the Middle East amid growing regional tensions and fears for employee safety.

Experts warn that savers have limited time to utilize their annual ISA allowance as a lucrative offer from HSBC prompts interest in ISAs.

HSBC UK is offering up to £500 cashback for customers who deposit or transfer funds into cash ISAs and Stocks and Shares ISAs until May 2026.

The top 10 banks in Europe reported annual profits of 92 billion euros, an 8% increase according to EY consultants.

Virgin Media O2 has issued a warning to its customers who use Amazon or bank with HSBC due to potential scams, implementing a new alert system to protect them.

Credia Bank has concluded 2025 with record levels of profitability and disbursements, reaffirming the strength of its business model.

HSBC and Coventry Building Society have increased fixed mortgage rates in the UK, citing escalating costs linked to the Middle East crisis as other lenders are expected to follow suit.

Experts are warning prospective mortgage borrowers in the UK to act quickly as major lenders increase their rates due to the financial impact of the ongoing Middle East conflict.

A recent report indicates that traditional SaaS giants like Salesforce have adapted to AI advancements rather than being replaced by them.

The HSBC chairman proposed an 'IPO connect' mechanism to allow cross-border participation in new listings between Hong Kong and Shenzhen, aiming to enhance financial collaboration in the Greater Bay Area.

Former Liberal Movement leader Eligijus Masiulis discusses the connections between the 2015 "Swiss Leaks" scandal and Lithuania in his newly released memoir.

HSBC Malta announces pre-tax profits of €109 million for 2025, marking the third consecutive year of profits over €100 million, amid an acquisition by CrediaBank and a resilient Maltese economy.

HSBC CEO Georges Elhedery announced that the bank's major overhaul is nearing completion despite a drop in annual profits.

HSBC has lowered its target price for Jumbo's stock from €37.5 to €32.5, citing a slowdown in Romania but maintains a 'buy' recommendation.

Major UK banks are incentivizing customers to switch accounts by offering up to £400, contingent on fulfilling specific eligibility criteria.

CrediaBank plans to hold an extraordinary general meeting to discuss a capital increase of up to 300 million euros, aiming to strengthen its position as a significant banking entity in Greece.

HSBC Mexico and Visa have launched the HSBC One+ Visa card targeting middle to high-income clients seeking valuable experiences and rewards in their everyday spending.

Savers with traditional banks like Barclays, HSBC, and Lloyds risk losing nearly £300 a year in interest by not switching to high-interest challenger banks.

HSBC UK has announced a two-week reminder for customers to take advantage of a cashback offer, which allows eligible individuals to earn up to £750 for opening a Premier account and transferring their salary or savings before the deadline of February 23, 2026.

In Mexico, reaching senior positions in public service is often just the beginning of a career in private sector leadership, as illustrated by figures like Luis Téllez Kuenzler, Francisco Gil Díaz, and José Antonio Meade, the latter recently appointed chairman of HSBC's board.

José Antonio Meade is set to lead HSBC Mexico amid significant assets and credit portfolio, taking over after Jorge Arce's resignation from the council presidency.

HSBC Mexico has appointed José Antonio Meade as the new chairman of its Board of Directors, effective February 3, following the resignation of Jorge Arce, who will continue as an executive advisor.

José Antonio Meade Kuribeña has been appointed the chairman of the Board of Directors of HSBC Mexico, effective February 3, 2026, according to a statement from the financial institution.

A report from HSBC indicates that 42% of companies in Mexico plan to allocate more than 10% of their investments to climate transition actions over the next three years, highlighting the growing importance of sustainability in investment decisions.

HSBC reports that the potential technical default of Chinese property developer Vanke is unlikely to trigger widespread financial contagion or systemic risk.

HSBC UK has launched a new promotion offering up to £750 cash bonuses to new customers who switch their salary and savings to a Premier account.

HSBC has led the way by becoming the first major lender to lower its mortgage rates this year, potentially igniting a competitive pricing war among banks.