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 HSBA.L posted annual profit on Wednesday that beat estimates, helped by increased revenue in wealth and markets ...

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 ...

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 ...

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

HSBC surpassed analyst profit expectations in its annual results as its new boss reiterated its focus on slashing costs. The ...

HSBC Holdings Plc expects $1.8 billion in costs over the next two years as it embarks on a global restructuring program that has seen the lender shutter some of its businesses and slash management ...

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 ...

The 160-year-old bank plans to redeploy US$1.5 billion from "low-return" markets to Hong Kong and other parts of Asia, HSBC's CEO Georges Elhedery said on Wednesday after unveiling a 2 per cent ...

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

The figures come against the backdrop of CEO Georges Elhedery embarking on costly restructuring just as the business outlook is muddied by divergence in central bank interest rate policies ...