Stuart Gulliver

36 results

HSBC currently employs more than 238,000 staff. Photograph: iStock
HSBC to cut up to 10,000 jobs in drive to slash costs

HSBC has embarked on a cost-cutting drive that threatens up to 10,000 jobs, as its new interim chief executive Noel Quinn seeks to make his mark on th(...)

HSBC said its global commercial banking unit head Noel Quinn will be interim chief executive
HSBC axes chief executive in shock shift to speed up strategy

HSBC ousted John Flint as chief executive after just 18 months in a shock move that the chairman of Europe’s biggest bank said was needed to speed up (...)

Pedestrians stand outside an HSBC Holdings Plc bank branch in Hong Kong. Photograph: Anthony Kwan/Bloomberg
HSBC earnings fall short of targets in fourth quarter

HSBC sounded an upbeat note after its fourth-quarter earnings fell short of estimates, telling investors that it’s still aiming to meet its key financ(...)

HSBC shares fell 3.2% in Hong Kong as investors registered the profit performance and disappointment over the absence of a share buy-back
HSBC reports jump in annual pre-tax profit that misses expectations

HSBC Holdings reported a jump in annual pre-tax profit that missed expectations and unveiled a plan to raise $7 billion (€5.7b) over the next four mon(...)

HSBC is not the only bank looking at shifting staff. With little progress made more than a year after the Brexit vote, firms such as Morgan Stanley and Citigroup have activated their contingency plans to move or hire hundreds of bankers in expanded hubs inside the EU, with Frankfurt and Dublin the biggest beneficiaries so far. (Photograph: Anthony Kwan/Bloomberg)
HSBC’s Brexit price tag: $300,000 to move each bank job to Paris

HSBC faces as much as $300 million in legal and relocation fees as it prepares to move 1,000 staff to Paris, in one of the first indications of the c(...)

HSBC, like many global banks, spent the years up to the 2008 financial crisis building its empire. Recent years have seen it cut jobs and sell assets worldwide to shrink the group back to profitability and maintain dividend payouts in an era of stricter banking regulations. (Photograph: Kevin Coombs/Reuters)
HSBC beats estimates as it announces third share buyback

HSBC Holdings on Monday said profit rose 5 per cent in the first half of the year, beating analyst estimates, and announced its third share buyback i(...)

The UK treasury’s remaining 0.25 per cent of Lloyds bank shares was offloaded through the market on Tuesday. Photograph: Peter Nicholls/Reuters
Lloyds bank ends long journey out of UK state ownership

Lloyds Banking Group has finally shaken off the shackles of UK government ownership, as the treasury disposed of its last remaining shares in the grou(...)

HSBC said pre-tax profit for the first three months of the year fell to $5 billion, down from $6.1 billion a year ago. Photograph: Getty Images
HSBC’s shares rise after Q1 profits beat forecasts

HSBC Holdings on Thursday reported better than expected first-quarter profits and capital position, boosting the lender’s share price in Hong Kong as (...)

The $1 billion share buy-back takes HSBC’s announced buy-backs since the second half of 2016 to $3.5 billion following the bank’s disposal of its Brazil unit in July last year in a $5.2 billion deal
HSBC profit slumps 62% as it sets $1bn share buy-back

HSBC‘s full-year profit slumped 62 per cent and fell far short of forecasts on Tuesday as the bank took hefty writedowns from restructuring and flagge(...)

Jes Staley, chief executive of Barclays Plc, during a Bloomberg Television interview at the World Economic Forum (WEF) in Davos Photograph: Bloomberg
Barclays may route Frankfurt trades through Dublin after Brexit

Barclays could look at reassigning its Frankfurt branch to its Irish subsidiary rather than moving out of London after Brexit, the bank’s chief execut(...)

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