HSBC's relatively poor performance in Asia was hurt by a high CIR (54% vs. 38% Asia peer average) and a low NIM that was dragged down by the bank's relatively high exposure to lower yielding ...

According to a statement on Thursday, Global Private Banking and Wealth CEO Annabel Spring will depart on December 31 “to pursue other opportunities.” HSBC said Gabriel Castello was appointed ...

The presentation follows HSBC’s record profit before tax of $32.3 billion reported for the full year 2023, when the bank emphasized its strategic focus on restructuring and growth in key markets ...

“Since becoming CEO, I have focused on simplifying how we operate,” Mr Elhedery said in a statement in ... growth areas,” ...

"We are creating a simple, more agile, focused bank built on our core strengths," Elhedery said in a statement. "We continue to take deliberate and decisive steps." HSBC said it would launch a ...

Activist shareholders are putting pressure on HSBC to reaffirm its commitment to cut greenhouse gas emissions, expressing concern at recent changes by the global banking giant that they say cast ...

The bank will make its British and ... which remain unchanged,” he said in a statement. But investors shrugged off the latest changes. HSBC’s shares are up almost 10 percent over the past ...

APS is in takeover talks with HSBC, with sources familiar with negotiations saying they are at an "advanced stage". The bank, however, has yet to make any statement to the market. HSBC Malta said ...