HSBC sees $1.8 billion in revamp related costs

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.
HSBC to redeploy US$1.5 billion to Hong Kong, Asia from ‘low-return’ markets as CEO cuts costs
Hong Kong’s biggest bank announces US$2 billion share buy-back programme and US$0.87 per share dividend for 2024.
HSBC Sees $1.8 Billion Cost Over Two Years in Elhedery Revamp
HSBC Holdings Plc expects $1.8 billion in costs 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 management ranks.
HSBC to shed more jobs after £1.2bn cost-cutting
Georges Elhedery, the boss of HSBC, will reportedly kick off more job cuts next week as he reveals his radical overhaul of the bank has saved £1.2billion. Elhedery took over from Noel Quinn in September and launched a sweeping re-organisation including cuts to its deal making and advisory business in the UK, Europe and America.
HSBC eyes $1.8 billion in cost cuts by 2026 as new CEO looks to boost returns
HSBC on Wednesday said it aims to save $1.8 billion in costs by the end of next year, as its new CEO revamps the bank to boost profit while navigating mixed interest rate policies and profound geopolitical changes.
HSBC expects restructuring to cost $1.8B over two years
HSBC (NYSE:HSBC), the Hong Kong- and U.K.-focused bank, expects to pay $1.8B over two years in severance and other up-front costs to transform the company into a "simple, more agile, focused bank" built on its core strengths,
HSBC to shed more jobs as lender slashes £1.2bn in costs
HSBC is set to shed even more jobs as part of sweeping cost-cutting plans, as it undergoes a transformation guided by new boss Georges Elhedery.
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.
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 ...
Outlook Business2h
HSBC Delays Its Net Zero Goal by 20 Years, What’s Causing This Slowdown?
HSBC's decision to delay its net-zero target by 20 years underscores the broader challenges in meeting emission reduction ...
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 posts rise in profits, announces $2bn share buyback as bank lays out cost cuts
HSBC (HSBA.L) said profits before tax rose to $32.3bn (£25.6bn) in 2024 and announced a share buyback of up to $2bn, as the bank revealed more details about its cost cutting plans.  HSBC (HSBA.L) said ...
malaymail7h
HSBC eyes US$1.5b annual savings by 2026 in major revamp
Banking giant HSBC said Wednesday that CEO Georges Elhedery’s plan since October to simplify the company’s structure and ...
HSBC Delays Climate Targets to 2050 as Green Progress Slows
HSBC Holdings Plc pushed back its deadline to meet a number of key climate targets by two decades and is reviewing other objectives, as Europe’s biggest bank says its efforts to cut emissions are ...
The Malta Independent6h
HSBC Malta posts record 2024 results, dividend to be highest in the last decade
HSBC Malta said it achieved record financial results due to revenue growth, recoveries on expected credit losses and focused ...
HSBC plans new round of investment bank job cuts next week, starting in Asia, say sources
HSBC Holdings Plc is kicking off a fresh round of job cuts at its investment bank as new Chief Executive Officer Georges ...