HSBC bonus pool flat in 2024 amid cost-cut drive; headcount falls 3%
HSBC's headcount fell 3% last year and its staff bonus pool hardly changed as a new CEO sharpened focus on costs and ...
Hundreds of HSBC managers reportedly told to reapply for their jobs as bank slashes costs
The bank's pre-tax profit for 2024 rose 6.6 per cent to US$32.3 billion, higher than analysts' forecast. Read more at ...
HSBC sets out scale of cost cuts under new chief’s restructuring plan
UK-based lender reports $2.3bn fourth-quarter profit and says overhaul will cut its annual cost base by $1.5bn from next year ...
HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs, source says
HSBC , has laid off around 40 investment bankers in Hong Kong, according to a person with direct knowledge of the matter, as ...
HSBC plans new round of investment bank job cuts next week, starting in Asia, say sources
HSBC Holdings Plc is kicking off a fresh round of job cuts at its investment bank as new Chief Executive Officer Georges ...
Euromoney21h
Asia Pacific’s best trade finance provider: HSBC
Key learnings from HSBC, voted by 13,000+ corporates in Euromoney’s Trade Finance Survey 2025 as the best trade finance ...
HSBC to sell Bahrain retail banking operations as restructuring progresses
HSBC on Tuesday agreed to sell its retail banking operations in Bahrain to Bank of Bahrain and Kuwait (BBK) amid a global ...
Channel NewsAsia Singapore2h
HSBC to sell Bahrain retail banking unit to Bank of Bahrain and Kuwait
HSBC said on Tuesday it has agreed to sell its retail banking operations in Bahrain amid a wider restructuring at the ...
Business Times2h
HSBC 2024 profit beats estimates; announces US$2 billion share buyback
HSBC reported a 6.6 per cent rise in annual profit on Wednesday (Feb 19), beating market expectations, as income withstood ...