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HSBC beats estimates with 31% profit rise as costs decline

03 May 2019

HSBC Holdings beat forecasts with a 31 per cent rise in the first quarter profit, bolstered by a surge in income from its core Asian business due to the absence of legal and regulatory expenses borne in the year-ago quarter. Reining in costs has been one of the biggest challenges for HSBC Chief Executive John Flint

HSBC to offer fee reductions to SMEs

29 Aug 2019

HSBC would offer rebates and fee reductions for small and medium-sized companies in Hong Kong, as the city’s economy struggles. Hong Kong is on the verge of its first recession in a decade, weighed down by the prolonged US-China trade war

HSBC axes CEO in shock shift to speed up strategy on priority areas

05 Aug 2019

HSBC ousted John Flint as chief executive after just 18 months in a shock move the chairman of Europe’s biggest bank said was needed to speed up progress on priority areas such as the turnaround of its US business.

HSBC and StanChart slash key benchmark rates in Hong Kong

31 Oct 2019

Standard Chartered and HSBC, two of Hong Kong’s biggest banks, on Thursday have slashed their key benchmark rates in the city, their largest market. The move is bracing for its first recession since the global financial crisis following months of protests that is still continuing.

StanChart, HSBC focus more on European Union to help clients

30 Jun 2019

Just as Britain moves to sever its ties with the European Union (EU), two of its biggest banks, HSBC and Standard Chartered, are building up their operations in the bloc in a bid to win more business helping clients grappling with red tape and Brexit.

HSBC to cut up to 10,000 jobs in drive to slash costs

07 Oct 2019

HSBC Holdings Plc is planning to cut up to 10,000 jobs, more than 4 per cent of its workforce, as interim Chief Executive Officer Noel Quinn seeks to reduce costs across the banking group, the Financial Times reported.

HSBC drops 2020 profit target, reports sharp fall in earnings

28 Oct 2019

HSBC Holdings dropped its 2020 profit target and reported a sharp fall in earnings. It also warned of a costly restructuring programme and negative effect on its revenue.

HSBC awards Tatawwar programme’s top talent

30 Jun 2019

The winner of the Tatawwar programme – an initiative launched by HSBC in partnership with the British Council and Potential.com - was announced recently, at an award ceremony held in Muscat, Oman. The competition,

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