HSBC LIKELY TO EXIT FROM U.S. RETAIL BANKING

Highlights

• According to the sources, HSBC Holdings Plc is considering a complete exit from retail banking in the United States

• Sources claim that the senior management at HSBC is planning to present the plan in front of the board in upcoming weeks

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GLOBAL BANKS UNLIKELY TO RECOVER TO PRE-COVID-19 UNTIL 2023 OR BEYOND: S&P

Highlights

• The S&P in its report said that they do not expect the world’s largest banking sectors, including more than half of G20's, to recover to pre-COVID-19 levels until 2023 or beyond

• Credit Analyst Gavin Gunning said that they have already neg...

Brokerage firms change the banking

The Banking sector of the United States has been changing, and so are the financial firms related to the banking sector are. Brokerage firms are very critical to the banking sector, and they have been a very important aspect of the banking systems of the United States, and they have been performi...

Fintech rising in the US?

The banking sector of the nation of the United States has seen some significant changes as the digital finance technology is on the rise. The government has prolonged and behind the rest of the world in adopting these new trends, which have caused the traditional banking systems to lose popularit...

Neobanks could rise if regulation gets better

The United States is known for the incredible advancement of technology that it makes in almost every field that we can imagine of, but the United States banking sector has been left behind in this race, and the banking sector of the nation has failed to digitize itself while the European and som...

SBI's insurance arm to be sold

SBI that Is the State bank of India is a huge name in the banking sector of India it is one of the first central bank-affiliated banks and it caters to a large number of customers and the number is growing by the day but the bank is also losing popularity.

The insurance sector of the ba...

Banking set to see new reforms this week

The banking sector of the United States is set for a record changing week as the nation moves towards the outcome of major reforms in the banking sector. The banks of the United States are now trying to lure international markets in order to get the revenue flowing as the internal US spending has...

General insurance good idea?

In India insurance policies is not the same as the rest of the world. United States has an insurance policy that cover the insured for almost all state owned services from healthcare to home insurances. In India the insured get better insurance from the private sector insurers rather than the gov...