HSBC launched the Zing money-transfer app in January 2024 and shut it a year later
Built on a $35M Monese bet to take on Wise and Remitly, Zing was closed in 2025 after a strategic review under HSBC's new CEO.
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300 RECENT CASES · REGULARLY UPDATEDHSBC sold its Argentina bank for $550M and booked a $1B loss
In April 2024 HSBC agreed to sell HSBC Argentina to Galicia for $550M, taking a $1B charge because peso swings kept distorting group earnings.
Read the caseHaidilao raised hotpot prices 6% as China reopened — a Weibo storm forced them back down
Reopening after lockdown, Haidilao lifted prices about 6%; boycott threats flooded Weibo, and the chain apologized, restored prices and discounted takeaway 31%.
Read the caseGreen Mountain's founder says his 2007 CEO pick cost it its culture before a 2015 sale
Robert Stiller writes in Fortune that he hired Larry Blanford in 2007 on intuition, without a shared vision; by 2015 the firm was sold to JAB.
Read the caseGrace Technology inflated up to 41% of sales, fooled its auditor and was delisted
A Tokyo-listed maker of equipment manuals booked early and fictitious revenue from its 2016 listing; a January 2022 investigation led to delisting.
Read the caseGoogle Fiber quit Louisville 18 months after launch when its shallow trenches failed
Cable laid two inches deep started surfacing; Google Fiber said fixing it meant rebuilding the network, so it shut down Louisville service on 15 April 2019.
Read the caseGogoro's CEO resigned as Taiwan probed imported parts claimed as local to win subsidies
In September 2024 Gogoro's founder-CEO stepped down as Taiwan probed scooters that allegedly used Chinese parts under local-content subsidies.
Read the caseGitHub went CEO-less inside Microsoft's CoreAI — outages, a breach and an exodus followed
The Verge reported in May 2026 that GitHub had no CEO since 2025, lost leaders and engineers, and suffered major outages and a 3,800-repo breach.
Read the caseGeico skimped on IT while Progressive priced smarter, and lost the No. 2 spot
A Fortune column argues Berkshire's Geico under-invested in technology; since 2020 Progressive nearly doubled its policies and Geico shrank about 15%.
Read the caseFrontier tried to charge from $39 to keep the middle seat empty, and dropped it in days
In May 2020 Frontier announced a 'More Room' fee from $39 a flight to block the middle seat; lawmakers attacked it and Frontier withdrew it two days later.
Read the caseFord quit making cars in Brazil after burning through nearly $12 billion
Slow to pivot its money-losing compact lineup to SUVs, Ford shut all three Brazilian plants in January 2021 after a decade of losses.
Read the caseEtude House went capital impaired with equity of minus 6.6 billion won
Four years of losses left K-beauty brand Etude with liabilities of ₩56.6B against ₩49.9B of assets — the only capital-impaired unit among AmorePacific's 37.
Read the caseEmirates advertised flat-bed business class on New Zealand flights and lost at tribunal
A New Zealand tribunal ordered Emirates to pay NZ$13,555 to a passenger who got older seats and no minibar or working entertainment, calling the ads misleading.
Read the caseEdison Motors' bid for SsangYong collapsed when its consortium missed a ₩304.9bn payment
Named preferred bidder in October 2021, the Edison Motors consortium missed the 25 March 2022 payment deadline; SsangYong ended the deal.
Read the caseDoosan quit its Doota duty-free business after 70 billion won of losses in 3.5 years
Launched in May 2016, Doosan's duty-free stores lost over ₩70 billion; in October 2019 the group ended the business despite a 2018 turnaround.
Read the caseDMart Ready shut 232 stores, then quit five more cities as quick commerce closed in
India's DMart kept six-hour grocery delivery while rivals promised 10 minutes: pickup points cut by 40%, five tier-II cities dropped in 2025, losses up a third.
Read the caseDiamond Bank chased retail leadership, hit 42% bad loans and was absorbed by Access Bank
Moody's said excess risk, a weak board and heavy oil and gas lending turned N28.5 billion profit in 2013 into a 2017 loss before the 2019 merger.
Read the caseDeloitte's Medicaid eligibility systems kept misfiring across states
A KFF Health News investigation found Deloitte-built Medicaid eligibility systems in nine states sent wrong notices and dropped eligible people.
Read the caseDeloitte fined in Kenya after unverified Chase Bank cash helped lure $40.3M of bond money
Kenya's markets regulator fined Deloitte about $84,000 for not verifying a central bank balance Chase Bank claimed, which overstated liquidity in its bond memo.
Read the caseDeliveroo's London IPO fell 30% on day one, hitting customers who bought in
Deliveroo priced its March 2021 float at £7.6B despite fund-manager warnings on rider pay; it fell as much as 30%, wiping out about £2B.
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