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 ...

HSBC , has laid off around 40 investment bankers in Hong Kong, according to a person with direct knowledge of the matter, as ...

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Geopolitical tensions came to a head for HSBC in May 2023 when its then-biggest shareholder Ping An Insurance of China lobbied for the bank to spin off its Asian business, a proposal ultimately ...

Shanghai, as one of China's most representative global cities, features an architectural vocabulary that seamlessly blends its distinctive "Haipai" (Shanghai style) urban character with an ...

HONG KONG – HSBC Holdings will wind down some of its investment banking operations in Europe, Britain and the Americas as part of chief executive Georges Elhedery’s ongoing restructuring.

A dossier on Lord Peter Mandelson's links to China has been passed to the FBI, casting further doubt over his impending confirmation as Sir Keir Starmer's US ambassador. Mandelson's file, put together ...

The latest strategy shift comes after some shareholders in Asia argued that the £146bn bank should relocate to China and reduce its focus on London. Tensions led to Chinese insurer Ping An, HSBC ...

HSBC has unveiled plans to slash chunks of its investment bank across Europe and America, as bosses seek to focus increasingly on China. Europe’s biggest bank has told staff it plans to axe ...

HSBC is trying to cut costs as a global rate-cutting cycle threatens to dampen profits HSBC is set to wind down parts of its investment banking operations across the UK, Europe and North America ...

HSBC Holdings Plc will wind down some of its investment banking operations in Europe, the UK and the Americas in the latest sign that Chief Executive Officer Georges Elhedery is willing to be ...