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HSBC to unveil $1.5bn savings

HSBC to unveil $1.5 billion of annual cost savings on February 19, FT reports

HSBC is preparing to report $1.5 billion of annual cost savings from the changes implemented under its broad restructuring initiatives, the Financial Times reported on Thursday.

Business Standard · 19h

HSBC plans to unveil $1.5 billion of annual cost savings on February 19

HSBC said that it plans to wind down its M&A and some equities businesses in Europe and the Americas, accelerating a shift towards Asia in its biggest retrenchment from investment banking

Zawya · 19h

HSBC to unveil $1.5bln of annual cost savings on February 19, FT reports

HSBC has been scaling back its worldwide footprint, exiting dozens of low-returning consumer banking activities, from France to Greece to Canada in the past few years

Business Insider · 18h

HSBC Set to Save $1.5B as the CEO’s Restructuring Revs Up

HSBC Holdings PLC (HSBC) (GB:HSBA) is reportedly poised to save $1.5 billion as CEO Georges Elhedery accelerates his bold restructuring

The Financial Times · 1d

HSBC to unveil $1.5bn savings as restructuring by new CEO kicks in

HSBC is preparing to unveil $1.5bn of annual cost savings from chief executive Georges Elhedery’s radical overhaul of the bank. Europe’s largest lender will lay out the figures for the first time on Wednesday,

HSBC investment bank job cuts to start in Asia next week

Bloomberg L.P. · 15h

HSBC Prepares New Round of Investment Bank Job Cuts

Today could be the last day at HSBC for some investment bankers at Europe’s largest lender. Chief Executive Officer Georges Elhedery is wielding the knife again, starting his latest round of headcount cuts in Asia, according to people familiar with the matter. Layoffs are expected to begin next week and could last up to several months.

This Is Money on MSN · 2h

HSBC to shed more jobs after £1.2bn cost-cutting

HSBC told Bloomberg it was 'focused on increasing leadership and market share in the areas where it has the greatest opportunities to grow'. The bank said in October it would combine some commercial and investment banking businesses,

GlobalData on MSN · 13h

HSBC investment bank job cuts to start in Asia next week-report

The redundancies will be staggered over several weeks and months, based on performance and to streamline operations.

New World Picks Trio for Loan to Refinance $7.5 Billion of Debt

Cash-strapped Hong Kong developer New World Development Co. has picked three banks to arrange a loan to refinance HK$58.1 ...

fintechmagazine4d

HSBC Appoints New Chief Sustainability Officer

HSBC has recently announced the appointment of Julian Wentzel as its new Group Chief Sustainability Officer (CSO). Julian, ...

Daily Express10d

People only just learning what HSBC bank actually stands for

The bank, incorporated in 1865, has branches and subsidiaries in 62 countries across the world including Europe ... some customers remain in the dark about what HSBC stands for, prompting Quora ...

GlobalCapital4d

HSBC makes interim group chief sustainability officer permanent

HSBC has appointed Julian Wentzel as its new group chief sustainability officer. Wentzel took over the role at start of the ...

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