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 ...

News of the plan ... the business and generating the fees then it's easy to lose money." HSBC shares were little changed after the news, down 0.2% to 822 pence at 1146 GMT, valuing the bank ...

The decision was described by HSBC as part of its ongoing efforts to simplify its business ... Elhedery’s wider plan to reshape HSBC, merging its commercial banking and global banking divisions ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC will shut key parts of its investment banking business in the UK, Europe and the Americas as part of ...

LONDON (Reuters) -HSBC plans to ... the previous year. The bank's market share in the fees pot reached 1.5%, mostly thanks to the revenues from its debt financing business, the data show.