Arm Holdings Plc (NASDAQ: ARM) shares are surging on Friday after HSBC upgraded the stock from Reduce to Buy rating and raised its price target to $205.
HSBC weighs cutting up to 20,000 roles as it accelerates AI adoption, redeploys $1.5B, and reshapes operations toward Asia and core businesses.
The bank is considering to get rid of roughly 10% of its total workforce, as the bank is focused on “staff-related inflation.”
HSBC is reportedly considering widespread job cuts as the banking giant relies more on AI. The layoffs are expected to mostly focus on non-client facing jobs in the bank's service centers, though the

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HSBC, ICAGY and ULH made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 19, 2026.

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BLBD, NESR and HSBC made it to the Zacks Rank #1 (Strong Buy) value stocks list on March 19, 2026.
The HSBC share price has slumped and moved into a correction after falling by 12% from its highest point this year. It has dropped to 1,210p, mirroring the performance of other European banks.
HSBC is said to be considering a wave of deep job cuts over the coming years as CEO Georges Elhedery bets on AI to shrink its middle and back office footprint. Bloomberg's Adam Haigh reports.
HSBC Holdings Plc is weighing a ​wave of deep ‌job cuts over the coming years that ​could ultimately impact ​around 20,000 roles, or ⁠about 10% of ​its total workforce, Bloomberg ​News r
Stock News Fed holds rates, flags uncertainty: The Federal Reserve kept the fed funds rate at 3.5%–3.75% and maintained a median forecast for one cut in 2026
HSBC Holdings plc (HSBC) Presents at European Financials Conference 2026 Transcript
Stock News Fed set to hold rates: CME Group (CME) data show markets pricing near-zero odds of a cut as the Federal Reserve is expected to keep rates at 3.5%–3

APPOINTMENT CEO OF HSBC CONTINENTAL EUROPE

06:30am, Tuesday, 17'th Mar 2026
Press release
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does HSBC (HSBC) have what it takes?
Based in London, HSBC is Europe's biggest bank by assets. But don't let that fool you.
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