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 ...

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 ...

British banking giant HSBC fired a group of investment bankers on the day they were set to learn the size of their bonuses — and denied giving them their annual payout, according to a report.

Bank of America boss Brian Moynihan, CS Venkatakrishnan of Barclays and HSBC chief Georges Elhedery were all reported to have been involved in the talks. JP Morgan boss Jamie Dimon was also on the ...

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 ...

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, ...

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 ...

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 ...

HSBC has shed hundreds of City dealmaking jobs under a radical overhaul of the bank by Chief Executive Georges Elhedery, but wealth is one area it will continue to pour resources into.

Elhedery stated that HSBC's ongoing withdrawal from Europe and the Americas is aimed at enabling the bank to focus on areas where it can offer differentiated services to its customers. He ...