HSBC 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 ...

HSBC Holdings Plc will incur $1.8 billion in charges over the next two years as it embarks on a global restructuring program that has seen the lender shutter some of its businesses and slash ...

HONG KONG, Feb 19 (Reuters) - HSBC (HSBA.L), opens new tab 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 ...

HONG KONG/SYDNEY, Feb 18 (Reuters) - HSBC (HSBA.L), opens new tab, has laid off around 40 investment bankers in Hong Kong, according to a person with direct knowledge of the matter, as part of a ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC is preparing to unveil $1.5bn of annual cost savings from chief executive Georges Elhedery’s radical ...

HONG KONG/SYDNEY-HSBC has laid off around 40 investment bankers in Hong Kong, according to a person with direct knowledge of the matter, as part of a global restructuring exercise at the Asia ...