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

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 ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC has unveiled a goal of saving $300mn in 2025 and cutting $1.5bn from its annual cost base by the end ...

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 ...