Get all your news in one place.

100’s of premium titles.
One app.

Start reading

Get all your news in one place.

100’s of premium titles. One news app.

Start reading

The Latest Breaking News from Georges Elhedery

HSBC’s Sir Mark Tucker to leave in September for return to insurer AIA

Chairman Sir Mark Tucker will leave HSBC on September 30 after eight years heading the board.

Evening Standard

Gambling on Private Credit Business: HSBC Invests £2.95b Amidst Scaling Back of SME-Centric US Biz

This move targets the expanding $2 trillion (£1.48 trillion) global private credit market, traditionally led by firms like Blackstone and Ares Management.

International Business Times UK

Ugandan activist asks HSBC to put ‘lives before profit’ as campaigners target bank’s AGM

Backing of oil, gas and coal projects under fire as campaigners deliver a letter to CEO Georges Elhedery

The Guardian - UK

From analysis to the latest developments in health,
read the most diverse news in one place.

HSBC chairman Mark Tucker to retire after eight-year tenure

HSBC said it had kick-started a search for a new chairman after Mark Tucker told the board he intended to leave.

Evening Standard

HSBC warns over possible hit from significantly higher global tariffs

The global banking giant increased provisions for loans expected to turn sour by 202 million US dollars (£150.7 million) in the first quarter.

Evening Standard

HSBC plans multibillion share buyback as profits slump in first quarter

HSBC has announced a multibillion-dollar share buyback plan despite a decline in profits and revenue. The bank stated that economic uncertainties are weighing on business growth, expecting a low single-digit percentage direct impact on group revenue.

Euronews

HSBC announces fall in quarterly pre-tax profit amid ‘economic uncertainty’

Group chief executive Georges Elhedery credited the firm’s ability to weather the recent global economic turbulence.

Evening Standard

Read news from The Economist, FT, and more,
with one subscription

HSBC launches search for new UK boss in latest reshuffle

Current chief executive Ian Stuart will be taking on a newly-created position of group customer and culture director.

Evening Standard

HSBC net zero goal delayed 20 years, as CEO offered 600% bonus

Bank is criticised for pushing climate targets to 2050 and watering down environmental goals

The Guardian - UK

HSBC pushes back climate target for operations and supply chain by 20 years

HSBC says factors ‘outside of our control’ affect its ability to meet its climate targets.

Evening Standard

HSBC pushes back climate targets by 20 years and blames ‘lag’ in government policy

UK head office to bear brunt of job cuts as bank aims to slash staffing costs by £1.2bn

The Independent UK

HSBC reveals plans to cut jobs amid bid to slash costs by £1.2bn

The banking group said it will reduce its global staff costs by around 8% under the overhaul.

Evening Standard

FTSE 100 Live 19 February: Glencore and airline stocks fall, BAE and HSBC in results spotlight

A jump in UK inflation to a 10-month high of 3% today dealt a blow to hopes of early further interest rate cuts.

Evening Standard

HSBC Targets $1.5 Bn In Annual Cost Savings After Revamp

Banking giant HSBC said Wednesday that CEO Georges Elhedery's plan since October to simplify the company's structure and geographic setup will yield $1.5 billion in annual cost savings by the end of 2026.

International Business Times

Get all your
news in one place.

100’s of premium titles.
One news app.

Evening Standard

HSBC announces reduction in costs amid rise in profits

The UK’s largest bank announced a pre-tax profit of 32.3 billion dollars (£25.2 billion) for 2024 on Wednesday.

The Independent UK

HSBC announce major cost-cutting drive including job losses as pre-tax profits top £25bn

The UK’s largest bank announced a pre-tax profit of $32.3bn (£25.2bn)

The Guardian - UK

Will the bonus bubbly still flow as reality bites for British banks?

Job losses, shakeups and the motor finance commission scandal will cast a shadow over lenders when they start reporting results this week

The Guardian - UK

HSBC considering boosting new CEO’s pay package to £15m

Planned overhaul would see Georges Elhedery’s salary cut, with bonuses potentially raising maximum pay by 43%

Get all your
news in one place.

100’s of premium titles.
One news app.

Evening Standard

HSBC to wind down parts of investment banking units in UK, Europe and US

Georges Elhedery has overseen a significant shake-up of the London-based firm since taking over as chief executive last September.

Evening Standard

HSBC scraps global money app Zing a year after launch

The bank’s chief executive has instigated a series of changes since stepping into the role last year.

The Guardian - UK

HSBC to open London ‘wealth centre’ in effort to draw in premier clients

Aimed at those with £100,000 to £2m, service in Mayfair will offer personalised banking and exclusive events

Evening Standard

HSBC to start cutting top banker roles as it reveals jump in profit

The banking giant said it is ‘moving at pace’ with a major restructuring announced last week.

The Guardian - UK

HSBC denies breakup plan as it launches $3bn share buyback

London-headquartered bank says profits beat forecasts as it prepares to split eastern and western operations

International Business Times

HSBC Reports $8.5 Billion Pre-tax Profit In Third Quarter

Banking giant HSBC said Tuesday that pre-tax profit in the third quarter rose 10 percent year-on-year, citing revenue growth in two of its divisions, days after the lender announced an organisational overhaul.

Evening Standard

FTSE 100 Live 29 October: HSBC shares rally as results beat hopes, BP profits fall

Top marks for Pearson and forecast-beating HSBC today contrasted with a results-day setback for BP near the foot of the FTSE 100 index.

1 2

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.