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

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 ...

In the fourth quarter, Shell nudged up its dividend to $0.3580 and Shell CEO Wael Sawan launched a $3.5bn share buyback for ...

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 ...

According to FT, the decision was taken as part of a larger plan to cut costs under HSBC’s new CEO, Georges Elhedery, who started in January 2024. A person familiar with the situation told FT ...

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.

UK financial services handed out the industry’s highest bonuses in 2024 after taking advantage of the lifting of pay ...

HSBC is preparing a foray into the white-hot market for private credit, five sources with knowledge of the plans said, the ...

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, ...

a 45 per cent jump, with shareholders approval. HSBC is proposing a 43 per cent increase to £15m for boss Georges Elhedery’s maximum pay.