The bank intends to cut hundreds of jobs and the first wave of redundancies hit when HSBC announced bonuses on Friday ...

Once a sprawling bank spanning more than 100 countries, HSBC has spent the last decade slowly shrinking its global footprint ...

Today could be the last day at HSBC for some investment bankers at Europe’s largest lender. Chief Executive Officer Georges ...

The redundancies will be staggered over several weeks and months, based on performance and to streamline operations.

HSBC has been a strong performer recently, with multiple expansion powering a ~60% return over the past 12 months. Read why I ...

The centrepiece of Elhedery’s announcement was a $1.5 billion annual cost-cut target by 2027, helped by closing bits of its U ...

Thailand's strong infrastructure will continue to attract foreign direct investment (FDI) more than interest rate levels, ...

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

Some cuts are already under way, but wider layoffs will begin as early as Feb 17, sources said. Read more at straitstimes.com ...

Investors in HSBC are backing management attempts to shutter parts of its investment bank, even as U.S. President Donald Trump’s deregulatory agenda fuels hopes for a boom in capital markets ...