The Latest Breaking News from Georges Elhedery

HSBC Banks Lower Profits On Higher Costs

Bank giant HSBC said Wednesday that group profits fell in the first half on higher costs but noted that it was "well positioned" to deal with the effects of US tariffs.

International Business Times · Jul 30, 2025

HSBC boss says Rachel Reeves putting up bank taxes would harm UK growth

Georges Elhedery’s comments come amid speculation the chancellor could make such a move in autumn budget

The Guardian - UK · Jul 30, 2025

HSBC profits slide 26% as tariff uncertainty puts brakes on investment

The group also revealed that it was about halfway through its efforts to save 1.5 billion US billion (£1.1 billion) worth of yearly costs.

Evening Standard · Jul 30, 2025

HSBC warns over possible hit from significantly higher global tariffs

The global banking giant increased provisions for loans expected to turn sour by 202 million US dollars (£150.7 million) in the first quarter.

Evening Standard · Apr 29, 2025

HSBC plans multibillion share buyback as profits slump in first quarter

HSBC has announced a multibillion-dollar share buyback plan despite a decline in profits and revenue. The bank stated that economic uncertainties are weighing on business growth, expecting a low single-digit percentage direct impact on group revenue.

Euronews · Apr 29, 2025

HSBC announces fall in quarterly pre-tax profit amid ‘economic uncertainty’

Group chief executive Georges Elhedery credited the firm’s ability to weather the recent global economic turbulence.

Evening Standard · Apr 29, 2025

HSBC launches search for new UK boss in latest reshuffle

Current chief executive Ian Stuart will be taking on a newly-created position of group customer and culture director.

Evening Standard · Mar 4, 2025

HSBC net zero goal delayed 20 years, as CEO offered 600% bonus

Bank is criticised for pushing climate targets to 2050 and watering down environmental goals

The Guardian - UK · Feb 19, 2025

HSBC pushes back climate target for operations and supply chain by 20 years

HSBC says factors ‘outside of our control’ affect its ability to meet its climate targets.

Evening Standard · Feb 19, 2025

HSBC pushes back climate targets by 20 years and blames ‘lag’ in government policy

UK head office to bear brunt of job cuts as bank aims to slash staffing costs by £1.2bn

The Independent UK · Feb 19, 2025