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HSBC eyes $1.8 billion in cost cuts by 2026

HSBC to redeploy US$1.5 billion to Hong Kong, Asia from ‘low-return’ markets as CEO cuts costs

Hong Kong’s biggest bank announced US$2 billion in a share buy-back programme and 87 US cents per share in dividend.

Hosted on MSN · 3d

HSBC sees $1.8 billion in revamp related costs as new CEO looks to boost returns

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 long-term costs and boost profits while navigating diverging interest rate policies and geopolitical turmoil.

Bloomberg L.P. · 3d

HSBC Expects Revamp to Cost $1.8 Billion Over Two Years

HSBC Holdings Plc expects $1.8 billion in costs over the next two years as it embarks on a global restructuring program that has seen the lender shutter some of its businesses and slash management ranks.

3don MSN

HSBC to save $1.8 billion over two years under new CEO

HSBC HSBA.L posted annual profit on Wednesday that beat estimates, helped by increased revenue in wealth and markets ...

3d

HSBC bonus pool flat in 2024 amid cost-cut drive; headcount falls 3%

HSBC's headcount fell 3% last year and its staff bonus pool hardly changed as a new CEO sharpened focus on costs and ...

3d

DBS, HSBC have best-performing mobile banking apps in Asia, according to a new report

Hong Kong and Singapore have the best performing mobile banking apps in Asia, a global study found, though they lag behind ...

7d

HSBC plans new round of investment bank job cuts next week, starting in Asia, say sources

HSBC Holdings Plc is kicking off a fresh round of job cuts at its investment bank as new Chief Executive Officer Georges ...

3don MSN

HSBC unveils cost cuts in drive to create a 'simple, more agile, focused bank'

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

8d

HSBC Prepares New Round of Investment Bank Job Cuts

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

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