HSBC

HSBC launches US billion buyback after Q1 profit drops 25%, raises tariff alarm
HSBC launches US$3 billion buyback after Q1 profit drops 25%, raises tariff alarm
April 29, 2025
[HONG KONG] HSBC launched a US$3 billion share buyback after reporting a 25 per cent fall in first-quarter profit on Tuesday (Apr 29), and warned of a possible hit...
HSBC sounds Trump tariff alarm, taking shine off Q1 profit and buyback
HSBC sounds Trump tariff alarm, taking shine off Q1 profit and buyback
April 29, 2025
HSBC warned that loan demand and credit quality could suffer from the broader fallout of US President Donald Trump’s global trade war, signalling tougher times for trade-focused banks even...
HSBC sounds Trump tariff alarm, taking shine off Q1 profit and buyback
HSBC sounds Trump tariff alarm, taking shine off stellar Q1 profit and buyback plans
April 29, 2025
HSBC warned that loan demand and credit quality could suffer from the broader fallout of US President Donald Trump’s global trade war, signalling tougher times for trade-focused banks even...
HSBC launches wealth centre at Star Vista, seeks to deepen local wealth banking network
HSBC launches wealth centre at Star Vista, seeks to deepen local wealth banking network
April 25, 2025
[SINGAPORE] HSBC Singapore has launched its newest wealth centre in Singapore at The Star Vista mall in Buona Vista, marking the second of three planned sites as the bank...
HSBC cutting staff numbers by 900 at China Pinnacle unit: sources
HSBC cutting staff numbers by 900 at China Pinnacle unit: sources
February 27, 2025
HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources said, a sharp reversal of the bank’s ambition...
HSBC names Asia country, banking heads in CEO’s major revamp
HSBC names Asia country, banking heads in CEO’s major revamp
February 26, 2025
HSBC Holdings gave country heads in some smaller Asian markets additional responsibilities as the lender streamlines and removes management layers. Peter Kim was appointed head of banking on top...
HSBC names Asia country, banking heads in CEO’s major revamp
HSBC names Asia country, banking heads in CEO’s major revamp
February 26, 2025
HSBC Holdings gave country heads in some smaller Asian markets additional responsibilities as the lender streamlines and removes management layers. Peter Kim was appointed head of banking on top...
HSBC, on cost-cutting drive, expects hit to global headcount to be under 8%
HSBC, on cost-cutting drive, expects hit to global headcount to be under 8%
February 19, 2025
HSBC chief executive officer Georges Elhedery has said that the impact on the bank’s global headcount arising from its drive to cut costs is likely to be under 8...
HSBC, on cost-cutting drive, expects hit to global headcount to be under 8%
HSBC expects cost-cutting drive to hit less than 8% of global headcount
February 19, 2025
HSBC chief executive officer Georges Elhedery has said that the impact on the bank’s global headcount arising from its drive to cut costs is likely to be under 8...
HSBC unveils share buyback, cost cut targets as new CEO looks to boost returns
HSBC unveils share buyback, cost cut targets as new CEO looks to boost returns
February 19, 2025
HSBC posted an annual profit on Wednesday (Feb 19) that beat estimates, helped by increased revenue in wealth and markets businesses, and set stiff cost-cut targets as its new...