HSBC Holdings PLC HSBC plans to reduce its workforce by removing hundreds of top bankers to lower costs as part of its ...

The London-headquartered, Asia-focused bank is embarking on a major restructuring under its new CEO that will slash the ...

When HSBC ,opened its doors in Hong Kong and Shanghai in 1865, Chinese trade flows were just bubbling up again after the ...

The overhaul sees Elhedery tackle one of HSBC’s most intractable problems. Its commercial bank, which serves the ... France and Canada as it focuses on Asia and markets where it has scale.

RBC Capital raised the firm’s price target on HSBC (HSBC) to 775 GBp from 750 GBp and keeps a Sector Perform rating on the shares. Published first on TheFly – the ultimate source for real-time, market ...

HSBC currently rents 1.1 million square feet at 8 Canada Square in Canary Wharf and the move back to the City — announced last year — represented a near halving of its headquarters footprint as part ...

HSBC chief executive Georges Elhedery’s planned overhaul of the bank has reignited debate about ... including operations in Canada, Greece, US retail banking and Argentina.

Meanwhile, the Canadian division was sold to the Royal Bank of Canada in March in a deal that added an estimated $4.9bn to the first-quarter results, as well as improving its core capital position by ...