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 Holdings Plc gave country heads in some smaller Asian markets additional responsibilities as the lender streamlines and ...

The centrepiece of Elhedery’s announcement was a $1.5 billion annual cost-cut target by 2027, helped by closing bits of its U ...

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

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

HSBC Holdings PLC (HSBC) (GB:HSBA) is reportedly poised to save $1.5 billion as CEO Georges Elhedery accelerates his bold ...

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 ...

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 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 ...