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 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 businesses, and set stiff cost-cut targets as its new CEO implements a revamp of the Asia-focused bank to boost returns.
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 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.
HSBC to redeploy US$1.5 billion to Hong Kong, Asia from 'low-return' markets as CEO cuts costs
HSBC Holdings said it would invest more resources in Hong Kong's wealth-management products and services in the coming years, as the city's biggest commercial bank restructures to cut costs and grow in its largest market in terms of revenue.
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.
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.
HSBC investors back CEO’s investment banking retrenchment
Investors in HSBC are backing management attempts to shutter parts of its investment bank, even as U.S. President Donald Trump’s deregulatory agenda fuels hopes for a boom in capital markets activity.
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 ...
Beijing allows Hong Kong banks to issue credit cards on mainland from March 1
The new rules will benefit lenders such as HSBC, Standard Chartered, Bank of East Asia and Hang Seng Bank, analysts say.
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 ...
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 ...
Hong Kong banks face rising risks amid prolonged property slump, Moody’s warns
Moody's highlights the potential for higher loan-loss provisions and a tightening of credit lines, particularly for smaller ...
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.