Bloomberg HSBC Holdings Plc has restarted cutting as many as 35,000 jobs, three months after the coronavirus outbreak forced it to pause a long-awaited overhaul to boost profitability. “Since February we have pressed forward with some aspects of our transformation program, but we now need to look to the long term and move ahead with others, including reducing our costs,” ...

Bloomberg Call it the Falciani Principle. A former UBS Group AG employee who’s appealing his conviction for commercial espionage and money laundering skipped his Swiss court appearance, as expected, to avoid likely arrest. The man, only identified as Rene S., was convicted in absentia last year and sentenced to 40 months in prison after fleeing to Germany. That’s similar to ...

Bloomberg Stocks edged lower with US equity futures on Thursday as investors sought fresh catalysts for gains amid a rising numbers of coronavirus infections in some countries. Treasuries advanced. The Stoxx Europe 600 opened in the red, with travel shares and miners leading declines. Contracts on the main US equity benchmarks came off their lows earlier in the session to ...