HSBC to make up to $3 billion in new cuts
3 days ago
In a statement Wednesday, HSBC PLC Chief Executive Stuart Gulliver said the cuts are part of a cost-saving strategy which has already seen 52 peripheral or underperforming units close.
HSBC announces $2 billion to 3 billion in new cuts
3 days ago
HSBC has announced it is seeking a further $2 billion-$3 billion in cost savings as it continues to trim its global empire - a move analysts say could come at the cost of additional jobs.
Asia stocks rise after Wall Street hits record
10 days ago
Hong Kong's Hang Seng added 0.6 percent to 23,186.94, driven by a 1.5 percent rise in locally listed shares of HSBC Holdings.
HSBC Q1 profits more than double to $6.35 billion
11 days ago
The HSBC banking group saw its net profits more than double in the first quarter, jumping to $6.35 billion from $2.58 billion in the same period of 2012.
HSBC sells US consumer, homeowner loans for $3.2B
74 days ago
HSBC, Europe's largest bank, is selling two portfolios containing U.S. consumer and homeowner loans for about $3.2 billion in cash as it looks to minimize its exposure in the country.
Ben Bernanke suggests fraud in Libor interest rate
101 days ago
J.Adding to mounting distrust, London-based HSBC Holdings acknowledged before and during Tuesday's parallel hearing that its lax controls had allowed Mexican drug cartels to launder their illicit...
HSBC gets OK to sell $9.4B stake in Ping An
106 days ago
HSBC says it has received approval from Chinese regulators for the sale of its $9.4 billion stake in Ping An Insurance to a Thai conglomerate.
Ga. counties sue HSBC claiming loss of tax base
145 days ago
Andrew Sandler, a lawyer for HSBC and its subsidiaries, said he couldn't comment on the case.
News Summary: HSBC settlement is questioned
151 days ago
'COLLATERAL CONSEQUENCES': Prosecutors say they didn't have enough to prove in court that HSBC executives conspired with criminal intent to aid drug organizations or rogue nations.
HSBC settles money-laundering case
157 days ago
"Today, HSBC is paying a heavy price for its conduct, and, under the terms of today's agreement, if the bank fails to comply with the agreement in any way, we reserve the right to fully prosecute...
