HSBC sees $1.8 billion in revamp related costs as new CEO looks to boost returns
HSBC expects to incur $1.8 billion in expenses by the end of next year related to an overhaul initiated by its new CEO to cut ...
HSBC announce major cost-cutting drive as pre-tax profits top £25bn
HSBC announce major cost-cutting drive as pre-tax profits top £25bn - The UK’s largest bank announced a pre-tax profit of $32 ...
‘Everyone must go!’ New Zealand tourism campaign slogan sparks fury
Instead, the new tagline, ‘Everyone must go!’ has caused controversy, with many describing it as ‘tone-deaf’ at a time of ...
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HSBC bonus pool flat in 2024 amid cost-cut drive; headcount falls 3%
HSBC's headcount fell 3 per cent last year and its staff bonus pool hardly changed as a new CEO sharpened focus on costs and ...
HSBC announces share buyback of up to $2 billion as annual profit jumps 6.5%
Europe's largest lender HSBC on Wednesday announced a share buyback of up to $2 billion as its annual pre-tax profit rose 6.5%, helped by the sale of its banking business in Canada. For the full year, ...