hsbc georges elhedery

HSBC unveils share buyback, cost cut targets

HSBC unveils cost cuts in drive to create a 'simple, more agile, focused bank'

The London-headquartered bank plans to save $300 million this year and aims to reduce its cost base by $1.5 billion by the end of 2026.

CNN · 3d

HSBC to save $1.8 billion over two years under new CEO

HSBC posted annual profit on Wednesday that ... The figures come against the backdrop of CEO Georges Elhedery embarking on costly restructuring just as the business outlook is muddied by ...

Reuters on MSN · 3d

HSBC unveils share buyback, cost cut targets as new CEO looks to boost returns

HSBC posted annual profit on Wednesday that beat estimates, helped by increased revenue in wealth and markets businesses, and set stiff cost-cut targets as its new CEO implements a revamp of the Asia-focused bank to boost returns.

Cyprus Mail on MSN · 2d

HSBC eyes $1.8 billion in cost cuts by 2026 as new CEO looks to boost returns

HSBC on Wednesday said it aims to save $1.8 billion in costs by the end of next year, as its new CEO revamps the bank to boost profit while navigating mixed interest rate policies and profound geopolitical changes.

2don MSN

HSBC Plans New Share Buyback, Cost Cuts

The London-based bank’s chief executive is concentrating on streamlining the lender’s businesses and reducing costs.

Hosted on MSN3d

HSBC targets $1.5 bn in annual cost savings after revamp

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

HSBC sees $1.8 billion in revamp related costs as new CEO looks to boost returns

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 Dials Back Climate Ambitions, Following U.S. Banks

Another major bank is walking back climate commitments made when ESG was all the rage. HSBC on Wednesday delayed by two decades a goal announced during the pandemic to eliminate greenhouse-gas ...

3don MSN

HSBC announces share buyback of up to $2 billion as annual profit jumps 6.5%

Europe's largest lender HSBC on Wednesday announced a share buyback of up to $2 billion as its annual pre-tax profit rose 6.5 ...

HSBC bonus pool flat in 2024 amid cost-cut drive; headcount falls 3%

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

3don MSN

HSBC launches $2 billion share buyback as annual profit rises 6.5%

HSBC’s pre-tax profit nearly doubled to $2.3 billion, recovering from a $3 billion impairment charge in the same period last ...

Hosted on MSN3d

Banking giant HSBC said Wednesday that CEO Georges Elhedery's plan since October to simplify the company's structure and geographic setup will yield $1.5 billion in annual cost ...

Banking giant HSBC said Wednesday that CEO Georges Elhedery's plan since October to simplify the company's structure and geographic setup will yield $1.5 billion in annual cost savings by the end of ...

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