The heads of the four largest banks in the UK have quietly urged Chancellor of the Exchequer Rachel Reeves to end so-called ...

B anking 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 ...

China's Ping An Insurance (Group) reported a 26.4% decline in first-quarter net profit on Friday, citing reduced investment ...

HSBC has faced repeated disruptions at past meetings by groups such as Extinction Rebellion and is under pressure to reduce costs. Chief executive Georges Elhedery has targeted $1.5bn in annual ...

in a sign of how the bank is taking a more ruthless approach to costs under new chief executive Georges Elhedery. The London-based lender told staff in its UK investment banking business last ...

according to group CEO Georges Elhedery. “Hong Kong is on track to be the largest cross-border wealth hub on the planet before the end of this decade, and we are in a bold position to be able to ...

It is shutting its M&A and equity capital markets team in the U.K. and other markets as part of a broader cost-cutting drive by Chief Executive Georges Elhedery that will see it focus on core ...

[HONG KONG] HSBC Holdings expects to double down on investment banking operations in Asia and the Middle East after exiting key business in Europe and the US, chief executive officer Georges Elhedery ...

Looking to 2025, $300m of annualised cost savings have been unveiled by the newly appointed CEO, Georges Elhedery. This is part of a larger $1.5bn savings target to be achieved before the end of 2026, ...