Ambereen Choudhury

Stay informed with Ambereen Choudhury’s coverage and analysis for Fortune.

People walk past an HSBC bank in Covent Garden, London, the banking giant is reporting a profit of £16.9 billion for the first half of the financial year. Picture date: Tuesday August 1, 2023. (Photo by Lucy North/PA Images via Getty Images)

HSBC managers are competing to keep their jobs in CEO’s revamp

By Ambereen Choudhury, Harry Wilson, and others

person walking outside an HSBC bank branch

Who will be HSBC’s next CEO? An internal candidate seems likely for Europe’s largest bank

By Bloomberg, Harry Wilson, and others

Noel Quinn, chief executive officer of HSBC Holdings Plc, during a Bloomberg Television interview on the sidelines of the HSBC Global Investment Summit in Hong Kong, China, on Monday, April 8, 2024. Quinn said he’s pushing to improve his firm’s wealth management capabilities in China and India to be on par with its key market of Hong Kong. Photographer: Lam Yik/Bloomberg via Getty Images

HSBC CEO Noel Quinn, who pivoted Europe’s largest bank back towards Asia, unexpectedly steps down

By Harry Wilson, Ambereen Choudhury, and others

Bob Sternfels, global managing partner at McKinsey & Co. Inc., during a Senate Homeland Security and Governmental Affairs Permanent Subcommittee on Investigations hearing in Washington, DC, US, on Tuesday, Feb. 6, 2024. A US Senate panel investigating the merger of the PGA Tour with Saudi Arabia-backed LIV Golf has summoned top executives at consultancies working for the kingdom’s wealth fund for failing to cooperate in an inquiry into the deal. Photographer: Al Drago/Bloomberg via Getty Images

McKinsey boss tries to boost staff morale amid layoffs and political backlash by blasting Eminem, Bob Marley and Chumbawamba

By Ambereen Choudhury, Amy Bainbridge, and others

HSBC CEO Noel Quinn

HSBC pulls out of Argentina at a $1 billion loss as Asia pivot continues

By Jonas Bergman, Ambereen Choudhury, and others

Visitors walk past the US global management consulting firm, McKinsey & Company

McKinsey puts 3,000 staffers on review, citing ‘concerns’ over performance as the recently frothy consulting business slows

By Ambereen Choudhury and Bloomberg

Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)

Citi workers flouting return-to-office mandate to face consequences: ‘We hold colleagues accountable’

By Jennifer Surane, Ambereen Choudhury, and others

HSBC building

HSBC fires London trader for phone messages showing comped tickets to sporting event, among others

By Stefania Spezzati, Ambereen Choudhury, and others

Pedestrians pass by a Credit Suisse Group AG bank branch in Zurich, Switzerland, on Thursday, April 8, 2021. Credit Suisse Chief Executive Officer Thomas Gottstein gathered dozens of managing directors at the global bank on a conference call late Tuesday, as part of crisis-management efforts after the lender announced that it stands to lose as much as $4.7 billion amid the meltdown of hedge fund Archegos Capital Management. Photographer: Stefan Wermuth/Bloomberg via Getty Images

Job cuts in the cards at Credit Suisse following third profit warning of the year

By Cathy Chan, Ambereen Choudhury, and others

An illustration picture taken in London on December 30, 2021, shows a NFT (Non-Fungible Token) created by Nigerian digital artist FreddieJacobArt named “Oghenerukevwe” on Opensea NFT marketplace, displayed on a phone and Binance NFT marketplace displayed on a computer screen. – Non-fungible tokens or NFTs are cryptographic assets stored on a blockchain with unique identification metadata that distinguish them from each other. – RESTRICTED TO EDITORIAL USE – MANDATORY MENTION OF THE ARTIST UPON PUBLICATION – TO ILLUSTRATE THE EVENT AS SPECIFIED IN THE CAPTION (Photo by Justin TALLIS / AFP) / RESTRICTED TO EDITORIAL USE – MANDATORY MENTION OF THE ARTIST UPON PUBLICATION – TO ILLUSTRATE THE EVENT AS SPECIFIED IN THE CAPTION / RESTRICTED TO EDITORIAL USE – MANDATORY MENTION OF THE ARTIST UPON PUBLICATION – TO ILLUSTRATE THE EVENT AS SPECIFIED IN THE CAPTION (Photo by JUSTIN TALLIS/AFP via Getty Images)

NFTs and Culture

OpenSea co-founder says phishing attacker made $1.7 million in crypto from selling stolen NFTs

By Ambereen Choudhury and Bloomberg

Antonio Horta-Osorio, chairman of Credit Suisse Group AG, during a Bloomberg Television interview at the company’s offices in London, U.K., on Thursday, Nov. 4, 2021. Credit Suisse said it will post a net loss in the fourth quarter on the back of a 1.6 billion-franc ($1.8 billion) impairment tied to its restructuring, as charges and legal fees accompany its efforts to reboot strategy in the wake of a string of scandals. Photographer: Chris J. Ratcliffe/Bloomberg via Getty Images

Credit Suisse’s chairman resigns just nine months into the job, after breaking Swiss and U.K. quarantine rules

By Patrick Winters, Marion Halftermeyer, and others

SINGAPORE, SINGAPORE – FEBRUARY 26: Chief Executive of HSBC, Peter Wong attends a welcome dinner prior to the HSBC Women’s World Championship at Sentosa Golf Club on February 26, 2019 in Singapore. (Photo by Ross Kinnaird/Getty Images)

HSBC plans to grant oversight of Asia—its largest profit center—to two co-heads

By Ambereen Choudhury, Donal Griffin, and others

Views of HSBC As CEO Faces U.K. Questions Over H.K. Account Freezes

HSBC unveils plan to invest $6 billion in Asia

By Harry Wilson, Ambereen Choudhury, and others

(L-R) The flags of the Hong Kong Stock Exchange, China and Hong Kong are seen flapping in the wind on May 6, 2019. (Photo by Anthony WALLACE / AFP) (Photo credit should read ANTHONY WALLACE/AFP/Getty Images)

Hong Kong’s Stock Exchange Has Made a Surprise $36.6 Billion Bid for London’s LSE

By Ambereen Choudhury, Kiuyan Wong, and others