HSBC profits surge by a third as cost-cutting exceeds target The banking giant said it had made bigger savings than it originally set out to do. Evening Standard · Oct 27
The Strait Of Hormuz Could Become Redundant In Five Years as Countries Build Alternatives, HSBC CEO Says The region has $872 billion in identified infrastructure project packages, part of a wider $1.4 trillion pipeline of planned projects. International Business Times · Oct 20
HSBC CEO says alternative routes could make Strait of Hormuz 'redundant' in five years HSBC Group CEO Georges Elhedery on Tuesday said the Gulf region would recover from the impact of the Iran war through investments in alternative logistics routes, potentially making the Strait of Hormuz "redundant" within five years. Speaking in Dubai, he reaffirmed the bank's commitment to the GCC region. The Economic Times · Oct 20
HSBC reportedly planning ‘brutal’ job cuts in UK wealth management arm The bank is in the middle of a consultation period over the proposed changes, the Financial Times reported. Evening Standard · Oct 7
HSBC targets younger workers with entry-level hiring drive Around a third of all hires the bank has made in the UK this year have been aged 18 to 24. Evening Standard · Sep 23
HSBC's first female CFO Pam Kaur to step down in 2027 Pam Kaur, the Chief Financial Officer at HSBC, is set to resign in 2027, prompting the bank to initiate a search for a new leader. This search includes potential candidates from both inside and outside the organization. Kaur has been a key player in supporting CEO Georges Elhedery's restructuring for… The Economic Times · Sep 10
HSBC profit jumps as bank unveils major share buyback plan British banking giant HSBC said on Tuesday it would buy back up to $1 billion (€0.86bn) of shares after reporting a sharp rise in first-half profit. Euronews · Aug 4
Calls for UK bank tax to fund cost of living help as HSBC profits hit £7.5bn Levy could raise £19bn to help pay for Andy Burnham’s support for those struggling with bills, say campaigners The Guardian - UK · Aug 4
HSBC chief says ‘UK growth needs strong banks’ after profits swell by 23% HSBC has rounded off a bumper reporting season for the UK’s high street banks. Evening Standard · Aug 4
HSBC offloads Singapore life arm in £1.6 billion deal Chief executive Georges Elhedery has been restructuring the lender since taking on the top post two years ago. Evening Standard · Jul 24
HSBC sells Singapore insurance business to Allianz in £1.6 billion deal Chief executive Georges Elhedery has been restructuring the lender since taking on the role The Independent UK · Jul 24
HSBC CEO Tells Staff Not To Resist AI As It Could Make Them 'More Productive Versions Of Themselves' HSBC CEO Georges Elhedery told staff not to fight AI as it could make them "more productive versions of themselves". International Business Times · May 20
AI will destroy and create new jobs, urges staff to embrace change: HSBC CEO HSBC's top executive Georges Elhedery stated that artificial intelligence will reshape jobs in finance. The bank is actively retraining its 200,000 employees to embrace this technological shift. This comes as rival Standard Chartered announced significant job cuts due to AI integration. Financial institutions are increasingly focused on cost savings and… The Economic Times · May 20
HSBC ‘reviewing’ private school perk for bankers in Hong Kong Hundreds of senior staff in territory benefit from nearly £30,000-a-year grant per child not available to staff in group’s other hubs The Guardian - UK · Apr 27
The Guardian - UK · Apr 14 HSBC says Iran war is hitting confidence as businesses warn over economic risks Oil-driven inflation is big challenge to world economy, lifting inflation and depressing growth, says bank’s chair
International Business Times UK · Mar 19 HSBC Eyes 10% Workforce Layoff — Up to 20,000 Jobs at Risk in AI Efficiency Push HSBC is evaluating job cuts affecting 20,000 roles as part of an AI-driven efficiency initiative, focusing on non-client facing positions
The Times of India · Mar 12 Middle East news: HSBC makes bold GCC prediction as Iran vs US-Israel war rattles markets and oil prices surge Despite escalating Iran vs US-Israel war, HSBC reaffirms strong confidence in GCC economies, signalling global banks are not retreating. The region's diversified economies, fiscal strength and strategic location continue to attract capital, even as markets grapple with conflict-driven volatility and energy price surges. Financial hubs like Dubai and Abu Dhabi…
The Guardian - UK · Feb 25 HSBC bankers to share $3.9bn bonus pot, the highest in more than a decade Bank reports better-than-expected annual results and CEO signals overhaul of lender is almost over
The Independent UK · Feb 25 HSBC slashes senior roles to meet £1.1bn cost savings target early HSBC revealed that it handed out bonuses worth $3.9 billion (£2.9 billion) to its eligible staff during the year
Evening Standard · Feb 25 HSBC to meet £1.1bn cost savings target early after cutting back senior roles HSBC’s chief executive said the ‘deduplication’ of jobs had resulted in a net 15% reduction of managing director positions.
The Independent UK · Jan 16 HSBC launches review of insurance arm in Singapore It marks the latest step in a plan being led by boss Georges Elhedery to streamline the banking giant and cut costs.
The Guardian - UK · Dec 3, 2025 HSBC appoints interim chair Brendan Nelson to permanent role Questions raised about permanency of 76-year-old’s appointment and ‘leadership stability at critical juncture for bank’
The Guardian - UK · Oct 28, 2025 HSBC warns it could take years to settle Madoff case as bank takes $1.1bn hit Lawsuit over Ponzi scheme drags on London-headquartered lender, whose profits plunge by 14%
The Guardian - UK · Oct 28, 2025 Stock markets rise to record highs and Apple touches $4tn market value for first time – as it happened UK chancellor confident of Gulf trade deal, as she faces £20bn-plus hit to public finances from UK productivity downgrade
Euronews · Oct 21, 2025 HSBC taps new CEO for UK division amid its biggest shake-up in 10 years HSBC has named former NatWest executive David Lindberg as CEO of its UK ring-fenced bank, part of a sweeping restructuring aimed at streamlining operations and sharpening its customer focus.