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 ...

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

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

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

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 results are the first under former CFO Georges Elhedery, who took over as CEO in September from Noel Quinn. Elhedery's cost-cutting plans include simplifying HSBC's structure. Its Asia-Pacific ...

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 ...

Europe’s largest lender HSBC on Wednesday reported annual pre-tax profit of $32.31 billion, marginally missing analysts’ ...

The bank is sitting on £978 million of savings owed to tens of thousands living in the UK after they escaped a crackdown on pro-democracy activists by China.

cost management and targeted investments under Group CEO Georges Elhedery. Profit before tax rose by $2 billion to $32.3 billion, according to a statement published by HSBC yesterday. For all ...