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HSBC unveils share buyback and cost cut targets

HSBC has today posted annual profit that beat estimates, helped by increased revenue in wealth and markets businesses, and set stiff cost-cut targets as its new CEO implements a revamp of the Asia-focused bank to boost returns.
Business • 19 Feb

HSBC's third-quarter profit beats estimates

HSBC Holdings has turned in a better-than-expected profit for the third quarter on rising wealth and wholesale banking revenue, while the market awaits anxiously for details of its newly announced major overhaul.
Business • 29 Oct 24

HSBC offers $3 billion buyback, upgrades income outlook

HSBC Holdings has today announced a $3 billion share buyback and upgraded its income outlook, as the bank showed progress in its efforts to shield its business from global interest rate cuts that may hit lending revenue.
Business • 31 Jul 24

HSBC appoints insider Georges Elhedery as CEO

HSBC Holdings said today that its chief financial officer Georges Elhedery will become group CEO - a choice that highlights the global lender's preference for continuity as it looks to kickstart growth.
Business • 17 Jul 24

HSBC's third quarter profits fall by 42%

HSBC has today named Georges Elhedery, a former chief of its investment bank, as its new chief financial officer in a surprise move.
Business • 25 Oct 22

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