HSBC mum on local jobs

In a rare appearance before Hong Kong shareholders yesterday, chief executive Stuart Gulliver said: "The world economy looks quite weak, which is why you have seen these massive central banks doing [quantitative easing]. "Profit before tax won't go ...

By May 20 (IFR) - The May 15 strategy update by HSBC, ably and confidently fronted by CEO Stuart Gulliver, seems to have gone down pretty well. Truth be told, I couldn't find anything particularly contentious in there, although the cost-income miss ...

Bank of Shanghai may have been HSBC's original mainland partner, but Stuart Gulliver seems happy to snub it for a more recent tie-up George Chen george.chen@scmp.com BIO George Chen is currently the financial services editor at the South China ...

HSBC's chief executive Stuart Gulliver revealed that the bank is eyeing up billions of dollars of savings despite the bank nearly doubling its profits in the first quarter this year. Share article In a statement, Gulliver said that bank growth, and ...

HSBC ehief executive Stuart Gullive is expected to say he can find at least $1 billion more in cost savings. ||| London - HSBC's sale of a stake in a Korean insurer last month was made with little fanfare, just one of 52 deals struck or businesses ...

HSBC sees China a crucial market, said Stuart Gulliver, Group Chief Executive of HSBC, at an investor meeting yesterday. HSBC will tighten its partnership with Bank of Communications Co., Ltd. (SHSE: 601328 and HKSE: 3328). HSBC, which has had a 19% ...

NEW YORK (TheStreet) -- HSBC (HBC) HSBC CEO Stuart Gulliver said in a press release that "we have announced the closure or disposal of 52 non-strategic or underperforming businesses [since the beginning of 2011], achieved US$4bn of annualized ...

HSBC BOSS Stuart Gulliver has warned of the dangers when interest rates finally rise from their record lows - as the bank posted a 95pc increase in profits. Asked whether Britain has finally emerged from the credit crunch, the chief executive of ...

HSBC may announce more job cuts as the bank entered its third year of restructuring. Chief executive Stuart Gulliver is expected to unveil cost savings of at least $1bn (651.1bn/770.2bn) during its strategy day on Wednesday (15 May). Gulliver is ...