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

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 ...

The London-based bank said it plans a new share buyback and cost cuts as its chief executive concentrates on streamlining the ...

HSBC said it will repurchase up to $2 billion in shares, expected to be completed by the end of their first quarter of 2025.

HONG KONG/SYDNEY (Reuters) -HSBC has laid off around 40 investment bankers in Hong Kong, according to a person with direct ...

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

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

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

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

The latest phase of cuts will start in Asia, but will ultimately affect employees globally, according to sources, who asked ...

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