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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.

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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,

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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 ...

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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 ...

2d

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 ...

2h

HSBC Holdings Continues To Reward Shareholders

HSBC Holdings shines with a 39% share price surge, 7.6% dividend yield, and $25B FY24 profit. See why we are bullish on HSBC ...

2d

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 ...

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HSBC cuts 40 dealmakers in Hong Kong ahead of restructuring, a source says

HSBC has laid off around 40 investment bankers in Hong Kong as part of the bank's global restructuring, according to one ...

3don 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 ...

1d

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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