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 ...

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% ...

HSBC Holdings will reorganise its worldwide operations into four business units and two geographic areas, as one of the world’s largest banks creates a structure that makes Hong Kong – the H ...

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 ...

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 ...

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 ...

HONG KONG - HSBC Holdings said on Oct 22 that it would combine some of its commercial and investment banking operations in a major overhaul under new chief executive Georges Elhedery ...

HSBC Holdings Plc has become a direct participant in China’s cross-border interbank payment system as the world’s second largest economy pushes for greater use of the yuan. The UK lender ...

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 ...

HSBC has unveiled a sweeping overhaul of the bank by splitting it into East and West, raising fears the move could lead to less scrutiny of its operations in China and Hong Kong. New chief ...

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 ...