HSBC sees $1.8 billion in revamp related costs

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.
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 ...
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HSBC slashes costs by 8% in $1.5bn drive as it scales back net-zero pledges
HSBC unveils a sweeping cost-cut plan targeting $1.5bn in savings, signalling thousands of job cuts mostly in the UK.
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 ...
HSBC axes 40 dealmakers in Hong Kong as part of revamp to cut costs, source says
HSBC , has laid off around 40 investment bankers in Hong Kong, according to a person with direct knowledge of the matter, as ...
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 ...
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 ...
HSBC sets out scale of cost cuts under new chief’s restructuring plan
UK-based lender reports $2.3bn fourth-quarter profit and says overhaul will cut its annual cost base by $1.5bn from next year ...