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HSBC, Hong Kong

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 part of a global restructuring exercise at the Asia-focused lender to cut costs.

HSBC to redeploy US$1.5 billion to Hong Kong, Asia from ‘low-return’ markets as CEO cuts costs

Hong Kong’s biggest bank announced US$2 billion in a share buy-back programme and 87 US cents per share in dividend.

Seeking Alpha on MSN · 1d

HSBC expects restructuring to cost $1.8B over two years

HSBC (HSBC), the Hong Kong- and U.K.-focused bank, expects to pay $1.8B over two years in severance and other up-front costs to transform the company into a "simple, more agile, focused bank" built on its core strengths,

Hosted on MSN · 1d

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 long-term costs and boost profits while navigating diverging interest rate policies and geopolitical turmoil.

Channel NewsAsia Singapore · 2d

HSBC cuts 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 part of a global restructuring exercise at the Asia-focused lender to cut costs.

1don MSN

HSBC hit by fresh Hong Kong row: Bank accused of 'shrugging its shoulders' in the face of Chinese oppression

Boss Georges Elhedery (pictured) appeared to play down concerns over the blocking of pension savings from UK nationals who ...

1don MSN

HSBC to save $1.8 billion over two years under new CEO

HSBC HSBA.L posted annual profit on Wednesday that beat estimates, helped by increased revenue in wealth and markets ...

1don MSN

HSBC 2024 Profit Beats Estimates; Announces $2 Billion Share Buyback

The London-based bank reported profit before tax for 2024 of $32.3 billion. That compared with $30.3 billion a year earlier ...

1d

HSBC’s Hang Seng Bank Posts Surge in HK Property Impairments

Hang Seng Bank Ltd., a Hong Kong lender controlled by HSBC Holdings Plc, recorded a surge in credit impairment on commercial ...

16h

Beijing allows Hong Kong banks to issue credit cards on mainland from March 1

Beijing will allow Hong Kong and Macau-domiciled banks to launch a range of services on the mainland including credit cards ...

1don MSN

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 ...

2d

Overbought HSBC Stock Has Priciest Bullish Bets in Four Months

HSBC Holdings Plc has become the second-biggest gainer among banking stocks traded in Hong Kong after rising 15% this year.

16h

Hong Kong banks face rising risks amid prolonged property slump, Moody's warns

Hong Kong banks were likely to be more selective in extending credit to developers amid a prolonged property slump that could ...

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