Georges Elhedery
HSBC Group CEO
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- 6d ago
HSBC third-quarter profit rises 32% but shares fall on results below forecasts
HSBC's third-quarter pre-tax profit rose 32% to $9.6bn, but its Hong Kong-listed shares dropped after the results missed expectations. The bank also launched a new buyback of up to $1bn.
- Oct 7
HSBC plans to cut up to 70% of UK wealth advisers in artificial intelligence push
The lender has entered a consultation period to eliminate roughly half of UK wealth management roles and 70% of financial advisers as automated tools replace routine advisory tasks.
- Aug 4
HSBC first-half profit jumps 23% to $19.5bn, announces $1bn buyback
Higher interest rates and wealth management fees pushed pretax profit to $19.5 billion, beating estimates, as the lender also resumed share buybacks with a $1 billion plan.