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

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

HSBC has been a strong performer recently, with multiple expansion powering a ~60% return over the past 12 months. Read why I ...

The redundancies will be staggered over several weeks and months, based on performance and to streamline operations.

CEO Georges Elhedery has shaken up structure and leadership since taking over in September to focus on areas of strength ...

The centrepiece of Elhedery’s announcement was a $1.5 billion annual cost-cut target by 2027, helped by closing bits of its U ...

Hong Kong’s biggest bank announced US$2 billion in a share buy-back programme and 87 US cents per share in dividend.

Some cuts are already under way, but wider layoffs will begin as early as Feb 17, sources said. Read more at straitstimes.com ...

HSBC investors have backed CEO George Elhedery’s investment bank cuts as focus shifts to Asia amid geopolitical and market pressures.

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 ...