HSBC's new chief executive is reportedly drawing up cost-cutting plans that could save Europe's biggest lender up to $300m (£229m) by reducing top management layers.

This contributed to a 12% increase in revenue from HSBC’s wealth division, as the financier capitalized on the growing affluence of people in Asia’s top economies by drawing in $32.4 billion ...

HSBC chief executive Georges Elhedery plans to target the lender’s expensive layer of senior bankers in a cost-cutting restructure that will aim to save as much as $300mn, according to people ...

By Louis Goss . HSBC shares increased 4% on Tuesday as the British bank beat analysts' earnings expectations for the third quarter and launched another $3 billion share buyback plan.

HSBC has seen off an attempt by its biggest shareholder to break up the bank, with an “overwhelming majority” of investors voting Friday to keep the business intact. CNN values your feedback 1.

HSBC Holdings Plc has won its battle against Ping An Insurance Group Co. about a strategic reset for now, but that doesn’t mean that the Chinese giant has nothing to show for its campaign.

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

HSBC's new chief executive is reportedly drawing up cost-cutting plans that could save Europe's biggest lender up to $300m (£229m). Skip to content City AM.

This contributed to a 12% increase in revenue from HSBC's wealth division, as the financier capitalized on the growing affluence of people in Asia's top economies by drawing in $32.4 billion worth ...

Mr Elhedery is drawing up plans to merge HSBC’s commercial banking unit with its global banking and markets unit in his first big step to cut costs since taking the job last month.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC chief executive Georges Elhedery plans to target the lender’s expensive layer of senior bankers in a ...