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 a ...

The move has fuelled speculation that a sweeping overhaul along east-west lines at the bank was laying the groundwork for a ...

The process to find a new chief executive for HSBC UK is now underway, with Ian Stuart set to assume his new role once a successor is appointed ...

HSBC has put some staff on short-term “gig economy” contracts as part of an aggressive cost-cutting drive overseen by its new ...

HSBC (NYSE:HSBC), the Hong Kong- and U.K.-focused ... clearly differentiated businesses, aligning our structure to our strategy and reshaping our portfolio at pace and with purpose." ...

HSBC said it expects to complete the announced ... clearly differentiated businesses, aligning our structure to our strategy and reshaping our portfolio at pace and with purpose," Elhedery said.

HSBC declined to comment on the latest round ... and investment banking businesses and had installed a new leadership structure. It also planned to carve up its operations into four business ...

The banking giant has reorganized its business segments to better reflect its operational structure, as detailed in the data pack released today. The restructuring consolidates HSBC’s operations ...

HSBC Holdings Plc implements short-term retention agreements for investment bankers as part of major restructuring led by new ...