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 Holdings Plc’s earnings for the second quarter fell short of expectations after it posted a rise in expenses and took a ...

CEO Georges Elhedery flagged “structural challenges” to the global economy that have caused uncertainty and market volatility, citing “broad-based tariffs.” ...

HSBC Holdings has posted a sharper-than-expected fall in earnings for the first half of 2025, as its financial ties to China and Hong Kong dragged down performa ...

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 ...

HSBC has been accused of funding deforestation in one of South America’s largest forests, increasing scrutiny of the bank’s climate policy under Georges Elhedery, its new chief. The lender ...

Elhedery currently receives a base salary of £1.38 million ($1.7 million) as well as an additional fixed pay allowance worth £1.7 million. On top of this, he is entitled to an annual incentive ...

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 ...

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 ...