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.
HSBC HSBA.L posted annual profit on Wednesday that beat estimates, helped by increased revenue in wealth and markets ...
HSBC is ditching its target of reaching net-zero carbon emissions across its business by 2030 because of slow change in the ...
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 Holdings Plc kicked off the sale of its French mortgages portfolio, which is equivalent to about $7 billion, as the ...
HSBC's headcount fell 3% last year and its staff bonus pool hardly changed as a new CEO sharpened focus on costs and ...
LONDON (Reuters) - HSBC, Europe's biggest bank by assets, said on Wednesday it was pushing back its emissions-reduction goal ...
HSBC Holdings Plc expects $1.8 billion in costs over the next two years as it embarks on a global restructuring program that ...
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HSBC boss offered 600% bonus. Is it legal?As for HSBC’s bonus schemes for employees, the company offers a quarterly incentive or annual bonus based on performance and ...
HSBC unveils a sweeping cost-cut plan targeting $1.5bn in savings, signalling thousands of job cuts mostly in the UK.
HSBC is also scaling back its mergers and acquisitions banking operations in the UK, Europe, and the US. But what does it ...
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 of ...
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