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HSBC, CEO

HSBC sees $1.8 billion in revamp related costs as new CEO looks to boost returns

HSBC expects to incur $1.8 billion in expenses by the end of next year related to an overhaul initiated by its new CEO to cut long-term costs and boost profits while navigating diverging interest rate policies and geopolitical turmoil.

CNN on MSN · 10h

HSBC to save $1.8 billion over two years under new CEO

HSBC HSBA.L posted annual profit on Wednesday that beat estimates, helped by increased revenue in wealth and markets businesses, and set stiff cost-cut targets as its new CEO implements a revamp of the Asia-focused bank to boost returns.

Cyprus Mail on MSN · 12h

HSBC investors back CEO’s investment banking retrenchment

Investors in HSBC are backing management attempts to shutter parts of its investment bank, even as U.S. President Donald Trump’s deregulatory agenda fuels hopes for a boom in capital markets activity.

Reuters on MSN · 6h

HSBC eyes $1.8 billion in cost cuts by 2026 as new CEO looks to boost returns

HSBC on Wednesday said it aims to save $1.8 billion in costs by the end of next year, as its new CEO revamps the bank to boost profit while navigating mixed interest rate policies and profound geopolitical changes.

HSBC to sell Bahrain retail banking operations

Zawya · 13h

HSBC to sell Bahrain retail banking operations as restructuring progresses

HSBC on Tuesday agreed to sell its retail banking operations in Bahrain to Bank of Bahrain and Kuwait (BBK) amid a global restructuring at the bank. The deal will see a transfer of retail loans, deposits and accounts of about 76,000 customers to BBK, which is majority owned by the governments of both the countries.

The Banker · 1d

HSBC plans to exit crowded Bahrain retail space

HSBC is in discussions to offload its retail banking operations in Bahrain, according to two sources with knowledge of the matter, as part of its recently announced group-wide restructuring, which includes a wide-ranging review of the bank’s retail operations outside the UK and Hong Kong.

thearabianpost on MSN · 8h

HSBC Divests Bahrain Retail Banking Operations Amid Global Restructuring

Dubai HSBC has announced the sale of its retail banking operations in Bahrain to the Bank of Bahrain and Kuwait , transferring approximately 76,000 customer accounts. This move aligns with HSBC's ongoing global restructuring strategy,

Zawya1d

HSBC UAE launches new Visa card with tailored lifestyle focus

Dubai, UAE: HSBC has launched the new HSBC Live+ Visa Signature Credit Card which is designed based on the needs and spending habits of consumers in the UAE.

Mena FN17d

HSBC names new Head of Communications for Middle East, North Africa, and Türkiye (MENAT)

(MENAFN- HSBC) Dubai, UAE: HSBC has appointed Farah Farooq as Head of Communications for Middle East, North Africa, and Türkiye (MENAT) region, effective 1 February 2025. In this role, Farah ...

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HSBC, CEO

HSBC to sell Bahrain retail banking operations

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