British banking giant HSBC fired a group of investment bankers on the day they were set to learn the size of their bonuses — and denied giving them their annual payout, according to a report.

in a sign of how the bank is taking a more ruthless approach to costs under new chief executive Georges Elhedery. The London-based lender told staff in its UK investment banking business last ...

Chief Executive Officer Georges Elhedery said. The bank will focus on debt and other financing activities globally as well as mergers and acquisitions and equity capital markets in Asia and the ...

HSBC HOLDINGS (00005.HK) CEO Georges Elhedery revealed that the group, following the exit from key businesses in Europe and the U.S., will eye on expanding its investment banking operations in ...

Bank of America boss Brian Moynihan, CS Venkatakrishnan of Barclays and HSBC chief Georges Elhedery were all reported to have been involved in the talks. JP Morgan boss Jamie Dimon was also on the ...

Under CEO Georges Elhedery, who took over last September, it has started a major overhaul and expects $1.8 billion in expenses by the end of next year. Before joining HSBC Bunn, who declined to ...

It is shutting its M&A and equity capital markets team in the U.K. and other markets as part of a broader cost-cutting drive by Chief Executive Georges Elhedery that will see it focus on core ...

[HONG KONG] HSBC Holdings expects to double down on investment banking operations in Asia and the Middle East after exiting key business in Europe and the US, chief executive officer Georges Elhedery ...

Blackburn, who has been with HSBC for over 20 years, will also serve on the Group Operating Committee which is the bank's most senior decision-making group under CEO Georges Elhedery.