HSBC Holdings plc Sponsored ADR (HSBC)
HSBC to Lay Off Hundreds of Top Bankers to Achieve Cost Efficiency
HSBC intends to reduce its workforce by removing top bankers as part of its business streamlining efforts. This aligns with its efforts to achieve cost efficiency.
US 10-Year Yield a Good Entry Point for Bond Investors: HSBC's Major
Steven Major, global head of FI research at HSBC, explains his bullish 10-Year US Treasury forecast for 2025 on "Bloomberg Surveillance."
HSBC to shed hundreds of senior jobs in major corporate overhaul
Several hundred senior staff members at HSBC Holdings PLC (LSE:HSBA) are expected to lose their jobs amid a dramatic reshaping of the global lender's corporate structure. Bloomberg reported that hundreds of senior managers have been instructed to reapply for roles in its newly established corporate and institutional banking (CIB) division as part of a restructuring initiative led by chief executive Georges Elhedery.
HSBC reportedly asks middle managers to reapply for jobs as layoffs loom
HSBC has reportedly asked some managers to reapply for their jobs as part of a cost-cutting restructure. Bloomberg reported Monday that hundreds of senior staff will likely lose their jobs.
HSBC Makes Managers Vie for Jobs Amid CEO Streamlining
HSBC reportedly wants hundreds of managers to reapply for jobs at the bank's new division. Interviews for positions at HSBC's corporate and institutional banking (CIB) arm have already begun, Bloomberg News reported Monday (Nov. 18), citing sources familiar with the matter.
HSBC Managers Are Competing to Keep Their Jobs in CEO's Revamp
HSBC Holdings Plc has asked hundreds of managers to reapply for jobs in the firm's newly formed corporate and institutional banking division as Chief Executive Officer Georges Elhedery continues his hunt for ways to make the bank run more efficiently. Interviews are already underway, according to people familiar with the matter, essentially pitting senior staff who came from the commercial banking division against those from the global banking and markets unit to compete for the jobs available in the combined CIB division.
Trade is what clients are calling us most about postelection, says HSBC's Gerry Keefe
Gerry Keefe, HSBC co-head of global banking, joins 'Money Movers' to discuss what to expect from global equity performance following Trump's election victory, what industries tariffs will target first, and much more.
Asian central banks being cautious with rate cuts as Trumponomics could push dollar higher: HSBC
Fred Neumann from HSBC talks about Trump's economic policies' impact on Asian economies.
HSBC's Roberts Discusses Job Cuts, Strategy, US Tariffs
The head of HSBC's new global wholesale banking division said the lender will seek to wrap up an ongoing restructuring “very quickly” and could announce the first round of job cuts within weeks. Michael Roberts spoke with Bloomberg's Manus Cranny about the banks restructuring, how the markets reacted to Donald Trump's election win, and the impact of potentially higher tariffs coming out of the US.
HSBC, Barclays and StanChart jostle for US banking riches, unruffled by White House race
Britain's big global lenders HSBC , Barclays and Standard Chartered are vying to tap into a boom in U.S. commercial banking as corporate America seeks expertise for international expansion plans.
Daruwala: HSBC's Senior leadership bitter about restructuring
Cyrus Daruwala of IDC Financial Insights talks about HSBC's restructuring plans and the outlook for the Asian-focused British bank.
HSBC Holdings: Strong Q3 Earnings And A Double-Digit Shareholder Yield
Shares of HSBC have been a reasonable performer this year, roughly matching wider European financials with a circa 20% total return. The recently released third quarter results were strong, with the bank beating consensus on revenue and earnings. These shares continue to trade for around 1x tangible book value. With earnings resilient, dividends and buybacks can power attractive returns for investors.
