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

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

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 ...

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 ...

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

“Since becoming CEO, I have focused on simplifying how we operate and injected energy and intent into the way we deliver our strategy,” Chief Executive Officer Georges Elhedery said in a ...

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. HSBC stock dipped on Wednesday after hitting ...

Georges Elhedery, the HSBC chief executive, has moved at pace to reorganise the bank’s sprawling empire - Paul Yeung/Bloomberg HSBC is preparing to axe thousands of jobs across Britain as it ...

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 ...

CEO Georges Elhedery said in a results conference call that there is no target number of layoffs set by the bank, and that ...