The London-headquartered bank plans to save $300 million this year and aims to reduce its cost base by $1.5 billion by the ...

HSBC expects to incur $1.8 billion in expenses by the end of next year related to an overhaul initiated by its new CEO to cut ...

HSBC's headcount fell 3% last year and its staff bonus pool hardly changed as a new CEO sharpened focus on costs and ...

The London-based bank said it plans a new share buyback and cost cuts as its chief executive concentrates on streamlining the ...

Banking giant HSBC said Wednesday that CEO Georges Elhedery's plan since October to simplify the company's structure and ...

HONG KONG/SYDNEY (Reuters) -HSBC has laid off around 40 investment bankers in Hong Kong, according to a person with direct ...

Today could be the last day at HSBC for some investment bankers at Europe’s largest lender. Chief Executive Officer Georges ...

The redundancies will be staggered over several weeks and months, based on performance and to streamline operations.

Hong Kong’s biggest bank announced US$2 billion in a share buy-back programme and 87 US cents per share in dividend.

HSBC Holdings’ profit after tax rose 1.8 percent to about $25 billion in 2024, compared with the previous year, as the bank ...