HSBC sees $1.8 billion in revamp related costs as new CEO looks to boost returns
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 expects $2.4b revamp cost over next two years
HSBC added that it plans to incur costs of US$1.8 billion over 2025 and 2026 to deliver the reductions. Mr Elhedery has moved ...
HSBC Continental Europe: Availability of the Universal Registration Document Including the 2024 Annual Financial Report
HSBC Continental Europe informs the public that the universal registration document including the 2024 annual financial ...
HSBC delays net-zero emissions target by 20 years
HSBC is ditching its target of reaching net-zero carbon emissions across its business by 2030 because of slow change in the ...
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HSBC Continental Europe: 2024 Annual and Second Half Results
On 18 February 2025, HSBC Continental Europe’s Board of Directors reviewed the second half year results and approved the consolidated financial statements for 2024.
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 ...
HSBC Expects Revamp to Cost $1.8 Billion Over Two Years
HSBC Holdings Plc expects $1.8 billion in costs over the next two years as it embarks on a global restructuring program that ...
HSBC unveils cost cuts in drive to create a 'simple, more agile, focused bank'
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 to redeploy US$1.5 billion to Hong Kong, Asia from ‘low-return’ markets as CEO cuts costs
Hong Kong’s biggest bank announced US$2 billion in a share buy-back programme and 87 US cents per share in dividend.
HSBC announce major cost-cutting drive including job losses as pre-tax profits top £25bn
The UK’s largest bank confirmed its plans to make cost reductions as it revealed a pre-tax profit of $32.3bn (£25.6bn) for ...
HSBC annual profit jumps 6.5%, marginally misses estimates
Europe’s largest lender HSBC on Wednesday reported annual pre-tax profit of $32.31 billion, marginally missing analysts’ ...