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HSBC Middle East to slash jobs

HSBC Middle East to slash jobs

Old Mar 21st 2012, 10:36 am
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Default HSBC Middle East to slash jobs

http://www.arabianbusiness.com/exclu...ce=twitterfeed

I know that they were planning to lauch a fancy online magazine last year but shelved that plan, which this move somewhat explains.
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Old Mar 21st 2012, 10:46 am
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Default Re: HSBC Middle East to slash jobs

I bank with HSBC- is my money safe meow?
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Old Mar 21st 2012, 10:48 am
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Default Re: HSBC Middle East to slash jobs

Originally Posted by kittycat1 View Post
I bank with HSBC- is my money safe meow?
Yes.
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Old Mar 21st 2012, 10:50 am
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Default Re: HSBC Middle East to slash jobs

hoorah
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Old Mar 21st 2012, 11:02 am
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Default Re: HSBC Middle East to slash jobs

"HSBC is going through a global efficiency programme to enhance the effectiveness and efficiency of our organisation," the company wrote in a statement sent to Arabian Business.

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Old Mar 21st 2012, 11:14 am
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Default Re: HSBC Middle East to slash jobs

Just got an email from them saying they are reviewing my application for a credit card and I should get an answer within the next 48 hours.

I applied about a month ago.....

I confidently expect someone from Aramex to ring my wife in about 3 months time to inform her that my card is waiting for me in Riyadh, provided I collect in the next 8 hours.
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Old Mar 21st 2012, 11:23 am
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Default Re: HSBC Middle East to slash jobs

I heard this morning they had a branch at DIFC which dealt with the mega rich and that was going

*could be bollocks of course but no smoke etc...
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Old Mar 21st 2012, 12:28 pm
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Default Re: HSBC Middle East to slash jobs

I heard a loud whisper that there are conflicting regulatory issues for them here, and that certain functions/departments must close (as they admit in their radio ads, they are regulated by Jersey).
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Old Mar 21st 2012, 1:44 pm
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Default Re: HSBC Middle East to slash jobs

I still don't get how the self-styled World Bank can't seem to create links between accounts in the UK and UAE.

I could go on about HSBC all day. And I do.
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Old Mar 21st 2012, 3:17 pm
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Default Re: HSBC Middle East to slash jobs

Originally Posted by Sandboy View Post
I heard this morning they had a branch at DIFC which dealt with the mega rich and that was going
Might be because there are not many mega rich people left in Dubai to make the branches existence worthwhile.
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Old Mar 21st 2012, 3:45 pm
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Default Re: HSBC Middle East to slash jobs

Originally Posted by Desert Shaikh View Post
Might be because there are not many mega rich people left in Dubai to make the branches existence worthwhile.
There are still plenty, but it's on the investment or 'wealth management' (I hate that term) that they aren't making enough money. Their advice is lousy and very limited so it's no surprise.
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Old Mar 22nd 2012, 2:22 pm
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Default Re: HSBC Middle East to slash jobs

Originally Posted by littlejimmy View Post
I still don't get how the self-styled World Bank can't seem to create links between accounts in the UK and UAE.

I could go on about HSBC all day. And I do.

I (partially) bank with HSBC in Oman, and have no trouble sending money across to HSBC in the UK. The transfer is free as well.
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Old Mar 25th 2012, 11:36 am
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Default Re: HSBC Middle East to slash jobs

Originally Posted by OriginalSunshine View Post
I (partially) bank with HSBC in Oman, and have no trouble sending money across to HSBC in the UK. The transfer is free as well.
No fees, but you'll be getting a lousy exchange rate. That's where they make their money...
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Old Mar 25th 2012, 2:55 pm
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Default Re: HSBC Middle East to slash jobs

Originally Posted by Meow View Post
No fees, but you'll be getting a lousy exchange rate. That's where they make their money...
I check the exchange rate against other options I have out here, and they are ok (i'm not a complete numpty when it comes to money having lived in 5 different countries in the last 17 years). I could use xe.com, but that's a pain, and other banks and transfer options charge fees for similar exchange rates.
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Old Mar 25th 2012, 3:26 pm
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Default Re: HSBC Middle East to slash jobs

Originally Posted by OriginalSunshine View Post
I check the exchange rate against other options I have out here, and they are ok (i'm not a complete numpty when it comes to money having lived in 5 different countries in the last 17 years). I could use xe.com, but that's a pain, and other banks and transfer options charge fees for similar exchange rates.
UAE exchange.
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