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 ...

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

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 ...

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

HSBC Holdings Plc shareholders wiped out about $9.4 billion of the firm’s market capitalization after quarterly earnings fell ...

HONG KONG/LONDON] HSBC Holdings reported a 26 per cent slide in first-half pretax profit on Wednesday (Jul 30), missing analyst estimates, as impairments from its investment in China’s Bank of ...

Georges Elhedery Photographer: Paul Yeung/Bloomberg Elhedery currently receives a base salary of £1.38 million ($1.7 million) as well as an additional fixed pay allowance worth £1.7 million.

HSBC plans to unveil $1.5 billion in annual savings as part of a major reorganization under CEO Georges Elhedery on February 19. HSBC's stock has risen 30% since Elhedery's appointment, driven by ...

Chief Executive Georges Elhedery said HSBC was on track to reach net-zero emissions, but suppliers "have been more challenged." (Paul Yeung/Bloomberg News) Another major bank is walking back ...

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 ...