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HSBC announces $3 billion share buyback after second-quarter profit plunges 29%, missing expectations

CEO Georges Elhedery flagged “structural challenges” to the global economy that have caused uncertainty and market volatility ...

Hong Kong’s struggling office market drags down HSBC’s earnings

In its latest earnings report, HSBC chalked up a less-than-stellar performance in Q2 to a struggling Hong Kong office market.

Hong Kong Property Downturn Stings HSBC

The London-based bank reported a drop in second-quarter net profit and said it plans to initiate a share buyback of up to $3 ...

HSBC boss: Rachel Reeves hiking bank tax would dent growth

The boss of HSBC has joined his 'Big Four' banking chiefs in sending a warning to Rachel Reeves over tax concerns.

Ideal new HSBC chair would be opposite of its last

Outgoing board head Mark Tucker churned through CEOs and steered the $220 bln bank’s vast overhaul. Now, with the right boss ...
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HSBC’s Swiss Private Bank Hit By Money Laundering Probe, Q2 Profit Slumps

HSBC said on Wednesday that local and French law enforcement agencies are investigating its Swiss private bank in connection ...
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HSBC to save $1.8 billion over two years under new CEO - AOL

HSBC also said it will pay a fourth interim dividend of $0.36 a share, resulting in a total of $0.87 per share in 2024, which includes a special dividend of $0.21 a share for the disposal of its ...
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HSBC Dials Back Climate Ambitions, Following U.S. Banks

Chief Executive Georges Elhedery said HSBC was on track to reach net-zero emissions, but suppliers "have been more challenged." (Paul Yeung/Bloomberg News) Another major bank is walking back ...