HSBC is also scaling back its mergers and acquisitions banking operations in the UK, Europe, and the US. But what does it ...

The London-headquartered bank plans to save $300 million this year and aims to reduce its cost base by $1.5 billion by the ...

HSBC is ditching its target of reaching net-zero carbon emissions across its business by 2030 because of slow change in the ...

HSBC expects to incur $1.8 billion in expenses by the end of next year related to an overhaul initiated by its new CEO to cut ...

Britain's competition regulator has fined Citi, HSBC, Morgan Stanley and Royal Bank of Canada (RBC) a combined 104.5 million ...

The bank is sitting on £978 million of savings owed to tens of thousands living in the UK after they escaped a crackdown on pro-democracy activists by China.

Elhedery, who took the helm in September last year, has been taking steps to boost returns and tighten the London-headquartered bank’s focus on Asia, where it earns the bulk of its profit. HSBC ...

HSBC is also scaling back its mergers and acquisitions banking operations in the UK, Europe, and the US. But what does it mean for the bank’s operations in the UK, and will the news lead to the ...

When people think of CEO salaries, lucrative amounts of money are often involved. And earnings for the CEO of the UK’s biggest bank, HSBC are no exception. Georges Elhedery, who joined the bank as ...

In 2018, HSBC ringfenced its retail operations in the UK from its London-based institutional business into Birmingham-based HSBC UK Bank. The regulatory requirement for ringfencing may have been ...

The UK’s largest bank has announced it will begin a round of global job cuts as part of a cost-cutting initiative aimed at reducing expenses by $1.5 billion (£1.2 billion) by the end of 2026.