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HSBC has cost advantages and significant intangible assets in its core market of Hong Kong that help it generate strong earnings there even when the local economy is weaker. HSBC has operations in ...

HSBC Holdings Plc warned it will likely cut senior manager jobs as the lender embarks on one of its biggest restructurings. “As we integrate the businesses, there will inevitably be a reduction ...

LONDON, Oct 23 (Reuters) - Some senior HSBC (HSBA.L), opens new tab staff should brace for job cuts after the bank's latest restructuring, Chief Executive Georges Elhedery told staff in a memo ...

HONG KONG/LONDON, Oct 22 (Reuters) - HSBC (HSBA.L), opens new tab, merged some operations and split its geographic footprint into East and West in a sweeping restructuring under new CEO Georges ...

HSBC is simplifying its organizational structure into four businesses to streamline its businesses and reduce costs months after its new chief executive took over reins. Europe's largest bank by ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC’s new chief Georges Elhedery is engaging in a reshuffle. It could be the purposeful reshaping of a ...

Hong Kong/London — HSBC said Tuesday that it would combine some of its commercial and investment banking operations in a major overhaul under its new CEO, which will see it cut costs while ...

Georges Elhedery’s shake-up may be seen as a partial victory for Chinese insurer Ping An, one of HSBC’s largest shareholders. HSBC’s new chief executive has made his play to cut costs and ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC chief executive Georges Elhedery’s planned overhaul of the bank has reignited debate about a break ...

By Ravi Mattu Reporting from London HSBC announced its biggest restructuring in a decade on Tuesday, splitting itself into four divisions, combining some of its commercial and investment banking ...

As of 11:11 AM EST. Market Open. NEW YORK, November 08, 2024--HSBC Bank USA, N.A., and its affiliates announced today that they have reduced their prime and reference rate from 8.00% to 7.75% ...