HSBC Hong Kong Winter

HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs, source says

HSBC , has laid off around 40 investment bankers in Hong Kong, according to a person with direct knowledge of the matter, as part of a global restructuring exercise at the Asia-focused lender to cut costs.

kpvi · 1d

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

CNN on MSN · 1d

HSBC to save $1.8 billion over two years under new CEO

HSBC HSBA.L posted annual profit on Wednesday that beat estimates, helped by increased revenue in wealth and markets businesses, and set stiff cost-cut targets as its new CEO implements a revamp of the Asia-focused bank to boost returns.

Hosted on MSN · 1d

HSBC eyes $1.8 billion in cost cuts by 2026 as new CEO looks to boost returns

HSBC on Wednesday said it aims to save $1.8 billion in costs by the end of next year, as its new CEO revamps the bank to boost profit while navigating mixed interest rate policies and profound geopolitical changes.

Cyprus Mail on MSN · 1d

HSBC investors back CEO’s investment banking retrenchment

Investors in HSBC are backing management attempts to shutter parts of its investment bank, even as U.S. President Donald Trump’s deregulatory agenda fuels hopes for a boom in capital markets activity.

23hon MSN

HSBC hit by fresh Hong Kong row: Bank accused of 'shrugging its shoulders' in the face of Chinese oppression

Boss Georges Elhedery (pictured) appeared to play down concerns over the blocking of pension savings from UK nationals who ...

scmp.com7d

HSBC cuts rates on fixed mortgages in Hong Kong amid slumping sales

“Large banks may follow HSBC,” said Eric Tso Tak-ming, chief vice-president of mortgage broker mReferral. In September, Bank of China (Hong Kong) and Standard Chartered launched similar plans ...

The Straits Times23d

HSBC to shutter some investment banking units in Europe, US

HONG KONG – HSBC Holdings will wind down some of its investment banking operations in Europe, Britain and the Americas as part of chief executive Georges Elhedery’s ongoing restructuring.

Marketing Interactive29d

HSBC sponsors Lunar New Year fireworks to celebrate 160th anniversary

HSBC is sponsoring the upcoming Lunar New Year fireworks display, celebrating both Hong Kong’s festive traditions and the bank’s 160th anniversary. Titled “HSBC 160th Anniversary Presents ...

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