HSBC Business Banking - Search News

HSBC eyes $1.8 billion in cost cuts by 2026

Reuters on MSN · 10m

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 long-term costs and boost profits while navigating diverging interest rate policies and geopolitical turmoil.

CNN on MSN · 5h

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 the Asia-focused bank to boost returns.

HSBC to redeploy US$1.5 bln 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.

Cyprus Mail on MSN · 8h

HSBC investors back CEO’s investment banking retrenchment

Investors in HSBC are backing management attempts to shutter parts of its investment bank, even as U.S. President Donald Trump’s deregulatory agenda fuels hopes for a boom in capital markets activity.

HSBC 2024 profit beats estimates

invezz on MSN · 6h

HSBC launches $2 billion share buyback as annual profit rises 6.5%

HSBC’s pre-tax profit nearly doubled to $2.3 billion, recovering from a $3 billion impairment charge in the same period last year.

HSBC 2024 profit beats estimates; announces $2 billion share buyback

HSBC reported a 6.6% rise in annual profit on Wednesday, beating market expectations, as income withstood the impact of falling interest rates during a year in which sweeping restructuring pushed up costs.

CNBC on MSN · 8h

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' estimates. For the full year, HSBC reported revenue of $65.85 billion, down from $66.

6h

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 ...

6h

Hundreds of HSBC managers reportedly told to reapply for their jobs as bank slashes costs

The bank's pre-tax profit for 2024 rose 6.6 per cent to US$32.3 billion, higher than analysts' forecast. Read more at ...

Peterborough Evening Telegraph48m

HSBC UK: major bank announces job cuts and delays net-zero emissions targets following results - news

The UK’s largest bank has announced it will begin a round of global job cuts as part of a cost-cutting initiative aimed at ...

3h

HSBC pushes back climate emissions target, to review policies

HSBC , Europe's biggest bank by assets, said on Wednesday it was pushing back its emissions-reduction goal to mid-century, as ...

portfolio-adviser.com4h

HSBC ups profits as business restructures

HSBC ups profits but has slight shortfalls in revenue in 2024 full-year results amid company restructure beginning Jan 1 ...

2h

HSBC plans to cut jobs as it aims to reduce costs by £1.2bn

Banking giant HSBC has revealed it is kicking off a round of jobs cuts in the UK and worldwide as it seeks to slash costs by ...

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