Topic - Shanghai Banking Corp.

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FILE - In this Sunday, Nov. 3, 2019, file photo, Rory McIlroy of Northern Ireland looks out after teeing off for the HSBC Champions golf tournament at the Sheshan International Golf Club in Shanghai. China has canceled all sporting events, such as golf and tennis, for the rest of 2020 because of the coronavirus. (AP Photo/Ng Han Guan, File)

Asia swing unlikely as PGA Tour weighs going to western US

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HSBC Holdings, Britain's largest bank by market value, will cut between 22,000 and 25,000 jobs around the world in an attempt to reduce costs and shift its centre of gravity back towards fast-growing Asian economies. (Associated Press)

Layoffs at world’s biggest banks reflect a new business model

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People use ATM machines outside a branch of HSBC in London in this Wednesday, Feb. 18, 2015, file photo. (AP Photo/Matt Dunham)

HSBC, Europe’s biggest bank, to testify on tax scandal

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