The London-based bank reported a drop in second-quarter net profit and said it plans to initiate a share buyback of up to $3 ...

In its latest earnings report, HSBC chalked up a less-than-stellar performance in Q2 to a struggling Hong Kong office market.

HSBC Holdings Plc’s earnings for the second quarter fell short of expectations after it posted a rise in expenses and took a ...

Banking giant HSBC said Wednesday that CEO Georges Elhedery's plan since October to simplify the company's structure and geographic setup will yield $1.5 billion in annual cost savings by the end ...

HSBC's new CEO Georges Elhedery aims to save $300 million in 2025. The bank also plans to reduce its cost base by $1.5 billion by the end of next year. HSBC stock dipped on Wednesday after hitting ...

Georges Elhedery Photographer: Paul Yeung/Bloomberg Elhedery currently receives a base salary of £1.38 million ($1.7 million) as well as an additional fixed pay allowance worth £1.7 million.

CEO Georges Elhedery said HSBC stands to benefit from a reconfiguration of global trade. (Lam Yik/Bloomberg News) World trade isn’t grinding to a halt but it is changing shape, according to the ...

HSBC (NYSE:HSBC), Europe's largest bank, is considering restructuring plans that could cut costs by at least $3B under its new CEO Georges Elhedery, according to a media report. The bank's ...

HSBC plans to unveil $1.5 billion in annual savings as part of a major reorganization under CEO Georges Elhedery on February 19. HSBC's stock has risen 30% since Elhedery's appointment, driven by ...

Chief Executive Georges Elhedery said HSBC was on track to reach net-zero emissions, but suppliers "have been more challenged." (Paul Yeung/Bloomberg News) Another major bank is walking back ...

Banking giant HSBC said Wednesday that CEO Georges Elhedery’s plan since October to simplify the company’s structure and geographic setup will yield $1.5 billion in annual cost savings by the ...