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

Once a sprawling bank spanning more than 100 countries, HSBC has spent the last decade slowly shrinking its global footprint ...

HSBC on Tuesday agreed to sell its retail banking operations in Bahrain to Bank of Bahrain and Kuwait (BBK) amid a global ...

CEO Georges Elhedery has shaken up structure and leadership since taking over in September to focus on areas of strength ...

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

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

Some cuts are already under way, but wider layoffs will begin as early as Feb 17, sources said. Read more at straitstimes.com ...

LONDON/HONG KONG (Reuters) - Investors in HSBC are backing management attempts to shutter parts of its investment bank, even as U.S. President Donald Trump's deregulatory agenda fuels hopes for a ...

HSBC investors have backed CEO George Elhedery’s investment bank cuts as focus shifts to Asia amid geopolitical and market pressures.

HSBC investors are backing CEO George Elhederys decision to shut parts of its investment bank in the Americas and Europe, ...

LONDON/HONG KONG (Reuters) - Investors in HSBC (HSBA.L) are backing management attempts to shutter parts of its investment bank, even as U.S. President Donald Trump's deregulatory agenda fuels hopes ...