FBD

Breaking financial news, market insights, and economic updates — real-time coverage from Wall Street to Main Street.

[CFC Central @CFCCentral3]

Uzbekistan spent $47m to revamp their entire footballing infrastructure + heavy subsidies for their top clubs while India spent $11m for a Messi tour, $1m erecting his statue (demolished within a year due to structural flaws) & the domestic league was recently dead for months.

[Virat Kohli @imVkohli]

From an opponent to a friend over the years. It’s been a pleasure watching you bat and compete against you over so many years but more than that I value our friendship and shared perspectives on the game and beyond. I continue to cherish every time we speak or meet. Wishing you nothing but the best always brother. You’ve done your bit, you deserve to enjoy all of it now and put your feet up. Well done mate, life’s only just begun. ❤️ #KaneWilliamson

[Virat Kohli @imVkohli]

han nahi, 21st June da ki plan hai

[arfan @Im__Arfan]

KKR equals PBKS on the points table...

At the end of 7 games, PBKS had 13 pts & KKR had 3 pts.

And now at the end of the 13th match, both have 13 pts.

[Amit Schandillia @Schandillia]

The fuck should a movie based on Varanasi be called then? Kabul? Kashi is literally a jyotirling, one of only 12. What should make an appearance if not Shiva’s trishul? A crucifix? What color should the visuals be for a city best and only known for its Hindu roots? Green?

[Megh Updates 🚨™ @MeghUpdates]

🚨 BREAKING NEWS

Trump promises Pakistan UNPRECEDENTED access to U.S. defence tech in exchange for full military and strategic support against Iran. [CNNnews18]

[Khamenei.ir @khamenei_ir]

The US President threatens us. With his absurd rhetoric, he demands that the Iranian people surrender to him.
They should make threats against those who are afraid of being threatened. The Iranian nation isn’t frightened by such threats.

[The Persian Jewess @persianjewess]

I am never deleting this app 🤣

[FBD @FinBriefDigest]

For instance, the Privy League Signature Credit Card will not offer rewards on fuel and rent transactions

[FBD @FinBriefDigest]

Reward Points: Earning of reward points will be restricted or capped in certain categories such as utilities, education, wallet loads, fuel, rent, government services, insurance, and online skill-based gaming.

[FBD @FinBriefDigest]

Auto-Debit Failures: If an auto-debit payment fails, a penalty of 2% of the bounced amount will be charged, with a minimum fee of ₹450 and a maximum of ₹5,000

[FBD @FinBriefDigest]

Education Payments: A 1% fee will be charged on education payments made through third-party apps like PhonePe, CRED, or Mobikwik. Direct payments to educational institutions' websites or machines will not incur this fee .

[FBD @FinBriefDigest]

Utility Bill Payments: A 1% fee will apply on cumulative utility spends exceeding a specified threshold per statement cycle, varying by card type. For example, the Privy League Signature Credit Card has a threshold of ₹75,000

[FBD @FinBriefDigest]

6/6

While these changes have led to job losses, HSBC remains committed to its global debt financing capabilities and strategic equity transactions, particularly in regions where it holds a stronger position.

[FBD @FinBriefDigest]

5/5

The bank is also winding down its mergers and acquisitions and equity capital markets businesses in Europe and the Americas, shifting its focus to debt financing and private markets in Asia and the Middle East.

[FBD @FinBriefDigest]

4/4

These layoffs are part of HSBC's broader goal to reduce annual costs by $1.5 billion by 2026, with a significant portion of these savings coming from its wage bill.

[FBD @FinBriefDigest]

3/3

Including four managing directors, were let go across various departments such as M&A, consumer, and resources and energy sectors. In London, job cuts have affected around 200 to 300 front-line roles, including analysts and support functions like legal and compliance.

[FBD @FinBriefDigest]

2/2
The layoffs are part of a global cost-cutting initiative that includes significant reductions in HSBC's European and American investment banking operations. In Hong Kong, for instance, approximately 40 investment bankers.

[FBD @FinBriefDigest]

HSBC has laid off over two dozen analysts as part of a broader restructuring of its investment banking division. This move is part of CEO Georges Elhedery's strategy to streamline operations and focus on more profitable regions, particularly Asia and the Middle East.