hsbc georges elhedery

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HSBC, Canary Wharf and City of London

HSBC reverses Canary Wharf exit plan amid desk shortage and return-to-office push

HSBC has signed a 15-year lease for new offices in Canary Wharf after a shortage of desks at its future City HQ forced the bank to rethink plans to leave the Docklands.

Financial Times · 21h

HSBC reverses plan to completely quit Canary Wharf

Lender signs 15-year lease for an office minutes from the bank’s Docklands base that it plans to vacate in 2027

Bloomberg L.P. · 22h

HSBC Takes New Canary Wharf Office Alongside Downsized City HQ

HSBC Holdings Plc has signed a lease for additional office space in Canary Wharf two years after agreeing to shift its global headquarters to the City of London.

Hosted on MSN · 23h

HSBC takes extra space in Canary Wharf due to HQ squeeze

HSBC has signed a lease to take extra space in Canary Wharf before shifting its global headquarters away from the East London financial district, according to a company memo seen by Reuters, owing to a shortage of space at its planned new base in the central City of London area.

9don MSN

Hong Kong Property Downturn Stings HSBC

The London-based bank reported a drop in second-quarter net profit and said it plans to initiate a share buyback of up to $3 ...

9dOpinion

Ideal new HSBC chair would be opposite of its last

Outgoing board head Mark Tucker churned through CEOs and steered the $220 bln bank’s vast overhaul. Now, with the right boss ...

10d

HSBC Quarterly Profit Stung by Higher Costs, China Charge

HSBC Holdings Plc’s earnings for the second quarter fell short of expectations after it posted a rise in expenses and took a ...

Hong Kong’s struggling office market drags down HSBC’s earnings

In its latest earnings report, HSBC chalked up a less-than-stellar performance in Q2 to a struggling Hong Kong office market.

HSBC to target corporate lending even if retail bank is sold

A senior executive confirmed the Australian retail bank was undergoing a strategic review but said institutional banking ...

Stocktwits on MSN10d

HSBC’s Swiss Private Bank Hit By Money Laundering Probe, Q2 Profit Slumps

HSBC said on Wednesday that local and French law enforcement agencies are investigating its Swiss private bank in connection ...

9don MSN

HSBC profit tumbles as China losses mount

HSBC Holdings reported a sharper-than-expected drop in profit on Wednesday, hurt by write-downs from exposures to a Chinese ...

Further tax rises will damage Britain, HSBC warns Reeves

The boss of HSBC has warned Rachel Reeves that a punishing new tax raid will deliver a hammer blow to the UK economy.

10don MSN

HSBC announces $3 billion share buyback after second-quarter profit plunges 29%, missing expectations

CEO Georges Elhedery flagged “structural challenges” to the global economy that have caused uncertainty and market volatility ...

Barron's5mon

HSBC Targets $1.5 Bn In Annual Cost Savings After Revamp

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 ...

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