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Stuart Gulliver News

13 Sep 2017

HSBC's incoming chairman set to face CEO succession questions

Gulliver, who has been HSBC`s boss since 2011 and joined the bank 37 years ago, is due to step down next year.

31 Jul 2017

HSBC announces profit increase, share buyback in signs of turnaround

HSBC won approval last month in China to establish an investment banking joint venture with a state-backed fund, ending a 20-month wait, making it the first such venture in China to be majority-owned by a foreign bank.

11 Feb 2016

HSBC takes U-turn, drops plan for 2016 pay freeze in speedy backpedal

HSBC, Europe`s largest bank, has dropped plans to freeze pay this year, according to a memo by Chief Executive Stuart Gulliver seen by Reuters, reversing a cost-cutting decision made less than two weeks ago.

09 Jun 2015

HSBC to shrink asset base by $290 billion; sell units in Brazil, Turkey

HSBC also set its new target for return on equity at greater than 10 percent by 2017, down from its previous target of 12-15 percent by 2016.

02 Jun 2015

'HSBC set to cut thousands of jobs globally'

HSBC Holdings Plc is planning to cut thousands of jobs globally and is set to make an announcement next week, Sky News reported on Monday, citing unidentified sources.

26 Feb 2015

Black money: HSBC bosses say sorry for 'unacceptable' practices

HSBC bosses on Wednesday apologised for "unacceptable" failings at the banking giant's Swiss division when they were grilled by British MPs over allegations it had helped rich clients dodge taxes.

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