HSBC: FTSE 100 giant beats profit expectations and pledges more cuts
HSBC surpassed analyst profit expectations in its annual results as its new boss reiterated its focus on slashing costs. The ...
HSBC Posts Quarterly Profit; Plans $2 Billion Buyback, $1.5 Billion in Cost Cuts — 2nd Update
HSBC said it intends to begin a share repurchase of up to $2.0 billion soon, following three buyback programs for 2024 totaling $9 billion. The bank said it plans to reduce its cost base by $1.5 ...
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 ...
HSBC bonus pool flat in 2024 amid cost-cut drive; headcount falls 3%
HSBC's headcount fell 3% last year and its staff bonus pool hardly changed as a new CEO sharpened focus on costs and ...
HSBC to Delay Climate Targets to 2050 as Green Progress Slows
HSBC Holdings Plc delayed a deadline to meet some key climate targets by two decades to 2050 and will review other goals, ...
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 ...