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Stuart Gulliver

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HSBC says 89 percent of shareholders at AGM approve pay plan

Europe's biggest bank HSBC said on Friday 89 percent of shareholders at its annual general meeting approved its executive pay plan for 2012.Chief Executive Stuart Gulliver was paid 7.4 million pounds last year despite the bank being fined $1.9 billion for breaches in anti-money laundering controls.(Reporting by Matt Scuffham, editing by Sinead Cruise)...

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  1. HSBC Could Announce More Layoffs -Report

    HSBC Holdings PLC (HBC) could announce more job cuts on Wednesday, when investors will be told that Chief Executive Stuart Gulliver will push ahead with plans to pro...

  2. Factbox: Targets and changes at HSBC under CEO Gulliver

    HSBC Chief Executive Stuart Gulliver will update investors on Wednesday on how he is doing in meeting his targets more than two years into a 3-year restructuring pla...

  3. HSBC boss can do more to cut bank down to size

    HSBC's <0005.HK> sale of a stake in a Korean insurer last month was made with little fanfare, just one of 52 deals struck or businesses closed in the last two years ...

  4. HSBC Profit Surges as Bad Loans Fall

    HSBC Holdings PLC (HBC) Tuesday said an uncertain global economy weighed on revenue growth in the first quarter, but underlying profits surged as bad loans fell and ...

  5. HSBC First-Quarter Profit Surges as Bad Loans Fall

    HSBC Holdings PLC (HBC) Tuesday said an uncertain global economy weighed on revenue growth in the first quarter, but underlying profits surged as bad loans fell and ...

  6. HSBC says first-quarter profits jump to $8.4 billion as bad debts drop

    HSBC said its first quarter profits almost doubled from a year ago to more than $8 billion as bad debts and costs fell, with Europe's biggest bank showing the benefi...

  7. Costs centre stage for HSBC , French bank results

    HSBC is expected to almost double first quarter profits to about $8 billion on Tuesday helped by a fall in costs and bad debts and showing the benefits of a three-ye...

  8. HSBC to Cut Around 1,150 U.K. Jobs

    HSBC Holdings PLC (HSBA.LN) on Tuesday said it would cut around 1,150 jobs in the U.K. as it changes the way it offers financial advice to wealthy customers.The bank...

  9. HSBC to Slash 1,149 UK Jobs in Latest Round of Cutbacks

    HSBC is cutting 1,149 jobs in Britain in another round of redundancies to save money and slim down Europe's biggest bank.These are part of a 3-year revival plan by C...

  10. HSBC to cut 1,149 UK jobs in new cost-cutting drive

    HSBC is cutting 1,149 jobs in Britain in another round of redundancies to save money and slim down Europe's biggest bank.The cuts are part of a 3-year revival plan b...

  11. Report: HSBC Eyes Another 5K Job Cuts

    Fresh off its $1.92 billion money laundering settlement, British banking giant HSBC (NYSE:HBC) is reportedly nearing a decision to further slash costs by axing anoth...

  12. LONDON MARKETS: HSBC Weighs On U.K. Stocks After Results

    Shares of heavyweight bank HSBC Holdings PLC led U.K. stocks lower on Monday, after the bank reported a drop in full-year profit, while miners added pressure after t...

  1. HSBC may cut 14,000 more jobs as revenue faces pressure

    HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs, but Europe's largest bank was forced to soften a key performance target in the face ...

  2. HSBC May Cut 14K Jobs in Cost-Cutting Effort

    HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs globally, as Europe's largest bank seeks to drive earnings and dividend growth in the...

  3. HSBC says will be challenge to hit RoE target this year

    HSBC said hitting its profitability target this year will be a challenge as the run-off of its U.S. loan book remains a drag, but it said it would stick with its goa...

  4. HSBC may cut up to 14,000 more jobs: slides

    HSBC could cut another 14,000 jobs as part of the next phase of its plan to cut up to $3 billion more in annual costs and slim down, it said on Wednesday.The bank sa...

  5. HSBC Sets Fresh Cost-Cut Plan

    HSBC Holdings PLC (HBC) said Wednesday it plans to further cut costs of US$2 billion to US$3 billion via streamlining processes and procedures by 2016."We will conti...

  6. HSBC targets additional $2-3 billion cost savings by 2016

    HSBC said on Wednesday that the bank would target an additional $2 billion to $3 billion in cost savings between 2014 and 2016, as the bank axes jobs and sells nonco...

  7. HSBC Could Announce More Layoffs

    HSBC Holdings PLC (HBC) could announce more job cuts on Wednesday, when investors will be told that Chief Executive Stuart Gulliver will push ahead with plans to pro...

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