HSBC unveils cost cuts in drive to create a 'simple, more agile, focused bank'
The London-headquartered bank plans to save $300 million this year and aims to reduce its cost base by $1.5 billion by the ...
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 ...
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HSBC eyes US$1.5b annual savings by 2026 in major revamp
Banking giant HSBC said Wednesday that CEO Georges Elhedery’s plan since October to simplify the company’s structure and ...
Money blog: Inflation rises by more than expected - hitting 10 month high
Welcome back to the Money blog. Inflation has risen by more than expected. In this week's Savings Guide, expert Anna Bowes ...
HSBC announces share buyback of up to $2 billion as annual profit jumps 6.5%
Europe's largest lender HSBC on Wednesday reported annual pre-tax profit of $32.31 billion, marginally missing analysts' ...
HSBC annual profit jumps 6.5%, marginally misses estimates
Europe’s largest lender HSBC on Wednesday reported annual pre-tax profit of $32.31 billion, marginally missing analysts’ estimates.  For the full year, HSBC reported revenue of $65.85 billion, down ...
Savings accounts massacre as major banks and building societies announce hundreds of rate cuts
SAVERS face a spring massacre as major banks and building societies slash interest rates on more than one hundreds accounts, shrinking returns for millions ahead of the new financial year. Some of ...