HSBC spends $68mn on biggest cull of senior bankers since financial crisis

Reduction came as Europe’s largest lenders shed biggest number of highly paid bankers since 2020

August 19, 2026 10:33 AM ET The 2026 primary election cycle has had the highest number of House incumbent losses in a non-redistricting year in over 50 years. Republican Florida Rep. Cory Mills became the eleventh incumbent House member to lose a primary this year, marking the highest number of incumbent losses since 1

The COVID pandemic’s long shadow threatens the future of Fireman Hospitality Group, which runs some of Manhattan’s most iconic and venerable Italian restaurants.

JIM WATSON / AFP via Getty Images President Donald Trump’s disastrous second stint at the White House has set off a market fireworks display not seen since the eve of the 2007 financial crisis that cratered the global economy. In simple terms, investors are reluctant to lend the government money, and are demanding more

This time won’t be different—except that institutions will be less well placed to limit the damage, reckons Martin Gruenberg