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 ...

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 ...

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

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

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 ...

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

HSBC unveils a sweeping cost-cut plan targeting $1.5bn in savings, signalling thousands of job cuts mostly in the UK.

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 ...

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

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 ...