Without directly addressing staffing, a spokesperson for the lender says wealth management in China remains a ‘priority’.

The reversal underscores the challenges the Asia-focused bank faces to boost growth and profitability in China at a time when ...

HSBC is cutting its China digital wealth business Pinnacle by nearly half, reflecting challenges in boosting growth and ...

HSBC has said banks need to stop penalising clients with large carbon footprints amid a wider backlash against green finance.

HSBC is reducing staff numbers at its China digital wealth business Pinnacle by nearly half, or about 900 people, two sources ...

HSBC Holdings has given country heads in several Asian markets additional responsibilities as part of its efforts to streamline its organizational structure.

HSBC bankers in London were asked to work from home on Feb. 21 as the bank moved to make some deep cuts to M&A, equity capital markets and sector dealmaking teams. Some bankers affected by the cuts ...

HSBC Holdings has started cutting jobs in London, it was reported on Wednesday, as the blue chip looks to wind down its investment banking offering outside of Asia.

HSBC restructures its leadership in Asia, assigning dual roles to country heads and streamlining operations to reduce costs ...

HSBC is also phasing out its use of the general manager titles that was given to most senior staff. Read more at straitstimes ...

The centrepiece of Elhedery’s announcement was a $1.5 billion annual cost-cut target by 2027, helped by closing bits of its U ...