georges elhedery hsbc

News

HSBC profit tumbles

HSBC Holdings saw its profit fall sharply in the first half of 2025, according to interim results released yesterday. The bank reported a pre-tax profit of $15.8 billion, down $5.7 billion or nearly

Bloomberg · 3d

HSBC Quarterly Profit Stung by Higher Costs, China Charge

HSBC Holdings Plc’s earnings for the second quarter fell short of expectations after it posted a rise in expenses and took a charge on its holdings in a Chinese bank.

Reuters on MSN · 3d

HSBC profit tumbles as China losses mount

HSBC Holdings reported a sharper-than-expected drop in profit on Wednesday, hurt by write-downs from exposures to a Chinese bank and Hong Kong real estate, while the bank pushed ahead with a global restructuring.

3don MSN

HSBC announces $3 billion share buyback after second-quarter profit plunges 29%, missing expectations

CEO Georges Elhedery flagged “structural challenges” to the global economy that have caused uncertainty and market volatility ...

Hong Kong’s struggling office market drags down HSBC’s earnings

In its latest earnings report, HSBC chalked up a less-than-stellar performance in Q2 to a struggling Hong Kong office market.

3don MSN

Hong Kong Property Downturn Stings HSBC

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 expects higher credit losses from Hong Kong property market, tariff-induced pain

HSBC's CEO continues cost-cutting measures and orders all managing directors to work from office for at least four days a ...

2dOpinion

Ideal new HSBC chair would be opposite of its last

Outgoing board head Mark Tucker churned through CEOs and steered the $220 bln bank’s vast overhaul. Now, with the right boss ...

Wall Street Journal2mon

HSBC Dials Back Climate Ambitions, Following U.S. Banks

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 ...

Further tax rises will damage Britain, HSBC warns Reeves

The boss of HSBC has warned Rachel Reeves that a punishing new tax raid will deliver a hammer blow to the UK economy.

Some results have been hidden because they may be inaccessible to you

Show inaccessible results