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 is ditching its target of reaching net-zero carbon emissions across its business by 2030 because of slow change in the ...
HSBC HSBA.L posted annual profit on Wednesday that beat estimates, helped by increased revenue in wealth and markets ...
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 expects $1.8 billion in costs over the next two years as it embarks on a global restructuring program that ...
LONDON (Reuters) - HSBC, Europe's biggest bank by assets, said on Wednesday it was pushing back its emissions-reduction goal ...
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 ...
HSBC Holdings Plc kicked off the sale of its French mortgages portfolio, which is equivalent to about $7 billion, as the ...
The London-based bank reported profit before tax for 2024 of $32.3 billion. That compared with $30.3 billion a year earlier ...
On 18 February 2025, HSBC Continental Europe’s Board of Directors reviewed the second half year results and approved the ...
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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