The Latest Breaking News from Georges Elhedery

HSBC targets younger workers with entry-level hiring drive

Around a third of all hires the bank has made in the UK this year have been aged 18 to 24.

Evening Standard · Sep 23

HSBC's first female CFO Pam Kaur to step down in 2027

Pam Kaur, the Chief Financial Officer at HSBC, is set to resign in 2027, prompting the bank to initiate a search for a new leader. This search includes potential candidates from both inside and outside the organization. Kaur has been a key player in supporting CEO Georges Elhedery's restructuring for…

The Economic Times · Sep 10

HSBC profit jumps as bank unveils major share buyback plan

British banking giant HSBC said on Tuesday it would buy back up to $1 billion (€0.86bn) of shares after reporting a sharp rise in first-half profit.

Euronews · Aug 4

HSBC CEO Tells Staff Not To Resist AI As It Could Make Them 'More Productive Versions Of Themselves'

HSBC CEO Georges Elhedery told staff not to fight AI as it could make them "more productive ​versions of themselves".

International Business Times · May 20

AI will destroy and create new jobs, urges staff to embrace change: HSBC CEO

HSBC's top executive Georges Elhedery stated that artificial intelligence will reshape jobs in finance. The bank is actively retraining its 200,000 employees to embrace this technological shift. This comes as rival Standard Chartered announced significant job cuts due to AI integration. Financial institutions are increasingly focused on cost savings and…

The Economic Times · May 20

HSBC ‘reviewing’ private school perk for bankers in Hong Kong

Hundreds of senior staff in territory benefit from nearly £30,000-a-year grant per child not available to staff in group’s other hubs

The Guardian - UK · Apr 27

HSBC says Iran war is hitting confidence as businesses warn over economic risks

Oil-driven inflation is big challenge to world economy, lifting inflation and depressing growth, says bank’s chair

The Guardian - UK · Apr 14

HSBC Eyes 10% Workforce Layoff — Up to 20,000 Jobs at Risk in AI Efficiency Push

HSBC is evaluating job cuts affecting 20,000 roles as part of an AI-driven efficiency initiative, focusing on non-client facing positions

International Business Times UK · Mar 19

Middle East news: HSBC makes bold GCC prediction as Iran vs US-Israel war rattles markets and oil prices surge

Despite escalating Iran vs US-Israel war, HSBC reaffirms strong confidence in GCC economies, signalling global banks are not retreating. The region's diversified economies, fiscal strength and strategic location continue to attract capital, even as markets grapple with conflict-driven volatility and energy price surges. Financial hubs like Dubai and Abu Dhabi…

The Times of India · Mar 12

HSBC bankers to share $3.9bn bonus pot, the highest in more than a decade

Bank reports better-than-expected annual results and CEO signals overhaul of lender is almost over

The Guardian - UK · Feb 25