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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 redeploy US$1.5 billion 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.

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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 to transform the company into a "simple, more agile, focused bank" built on its core strengths,

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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 ...

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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 ...

2d

HSBC bonus pool flat in 2024 amid cost-cut drive; headcount falls 3%

HSBC's headcount fell 3% last year and its staff bonus pool hardly changed as a new CEO sharpened focus on costs and ...

2d

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 ...

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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' ...

1d

Hong Kong banks face rising risks amid prolonged property slump, Moody's warns

Hong Kong banks were likely to be more selective in extending credit to developers amid a prolonged property slump that could ...

2d

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.

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