HSBC and Bank of China

HSBC eyes $1.8 billion in cost cuts by 2026

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.

Hosted on MSN · 21h

HSBC eyes $1.8 billion in cost cuts by 2026 as new CEO looks to boost returns

HSBC on Wednesday said it aims to save $1.8 billion in costs by the end of next year, as its new CEO revamps the bank to boost profit while navigating mixed interest rate policies and profound geopolitical changes.

Seeking Alpha on MSN · 1d

HSBC expects restructuring to cost $1.8B over two years

HSBC (NYSE: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,

scmp.com · 1d

HSBC to redeploy US$1.5 bln 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.

HSBC investors back CEO's investment banking retrenchment

Once a sprawling bank spanning more than 100 countries, HSBC has spent the last decade slowly shrinking its global footprint ...

New World Picks Trio for Loan to Refinance $7.5 Billion of Debt

Cash-strapped Hong Kong developer New World Development Co. has picked three banks to arrange a loan to refinance HK$58.1 ...

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 ...

World Street | China holds rates, HSBC’s $2B buyback, Pentagon’s budget shuffle, KKR’s Thames Water bid, and more

From China holding interest rates steady to HSBC’s $2 billion buyback and the Pentagon’s $50 billion budget shift, here's a ...

1don MSN

HSBC abandons 2030 target for net-zero carbon emissions

HSBC has abandoned its target of achieving net-zero carbon emissions across the business by 2030. The lender told ...

malaymail1d

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 ...

HSBC Prepares New Round of Investment Bank Job Cuts

Today could be the last day at HSBC for some investment bankers at Europe’s largest lender. Chief Executive Officer Georges ...

1don MSN

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 ...

scmp.com7d

HSBC cuts rates on fixed mortgages in Hong Kong amid slumping sales

“Large banks may follow HSBC,” said Eric Tso Tak-ming, chief vice-president of mortgage broker mReferral. In September, Bank of China (Hong Kong) and Standard Chartered launched similar plans ...

Results that may be inaccessible to you are currently showing.

Hide inaccessible results