News

Hong Kong’s struggling office market drags down HSBC’s earnings
In its latest earnings report, HSBC chalked up a less-than-stellar performance in Q2 to a struggling Hong Kong office market.
Hong Kong Property Downturn Stings HSBC
The London-based bank reported a drop in second-quarter net profit and said it plans to initiate a share buyback of up to $3 ...
HSBC boss: Rachel Reeves hiking bank tax would dent growth
The boss of FTSE 100 juggernaut HSBC has become the latest banking voice to warn Rachel Reeves against raising taxes on banks ...
Hosted on MSN5mon
HSBC targets $1.5 bn in annual cost savings after revamp - MSN
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 ...
AOL5mon
HSBC unveils cost cuts in drive to create a 'simple, more agile ... - AOL
HSBC's new CEO Georges Elhedery aims to save $300 million in 2025. The bank also plans to reduce its cost base by $1.5 billion by the end of next year.
Wall Street Journal2mon
HSBC Dials Back Climate Ambitions, Following U.S. Banks
Chief Executive Georges Elhedery said HSBC was on track to reach net-zero emissions, but suppliers "have been more challenged." (Paul Yeung/Bloomberg News) Another major bank is walking back ...
Digital Journal5mon
HSBC targets $1.5 bn in annual cost savings after revamp
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 ...