HSBC plans to redeploy US$1.5 billion from "low-return" markets to Hong Kong and other parts of Asia, CEO Georges Elhedery said last Wednesday after unveiling a 2 per cent net profit growth for 2024.

HSBC Holdings Plc implements short-term retention agreements for investment bankers as part of major restructuring led by new ...

HSBC HSBA0.41%increase; green up pointing triangle Holdings said it plans a new share buyback and cost cuts as its chief executive concentrates on streamlining the lender. Chief Executive Georges ...

HSBC disclosed a new $2 billion share buyback, which it plans to complete before the first-quarter’s results in April. Outlook: For FY25, HSBC targets banking NII of around $42 billion and mid ...

Details of the staff cuts came as HSBC also revealed in its annual report that it plans to increase Mr Elhedery’s total potential annual pay package to £15.3 million for 2025 – or even £19.8 ...

Sources told Reuters in November that HSBC plans to scale down its digital wealth project Pinnacle and credit card business in China, underscoring the challenges it faces in growing its footprint ...

HSBC plans biggest investment banking retrenchment in decades HSBC plans to wind down its M&A and some equities businesses in Europe and the Americas, the bank said on Tuesday, accelerating a ...

HSBC Holdings reported a quarterly net profit, supported by higher fee income, and said it plans a new share buyback of up to $2.0 billion as well as cost cuts of $1.5 billion as its new chief ...