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

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 ...

Q4 2024 Earnings Call Transcript February 21, 2025 Operator: Ladies and gentlemen, welcome to the Investor and Analyst ...

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 ...

Group chief executive Georges Elhedery said the group is “not tracking headcount reduction” and is instead focusing on lowering costs. He stressed that the bank’s 211,300-strong global ...

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

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