HSBC beats profit expectations, aims to reduce cost by $300m

February 19, 2025

Catenaa, Wednesday, February 19, 2025 – HSBC released its annual performance on Wednesday. In 2024, the bank recorded a Profit After Tax(PAT) of $25 billion, exceeding market expectations as the bank battled losses from foreign currency and restructurings. The profit before tax was recorded at $ 32.3 billion, rising by $ 2 billion from 2023, which includes […]

HSBC’s CEO Battle Now Begins As Quinn Departs

May 30, 2024

LONDON, Monday, May 6, 2024- In a surprise move, HSBC Holdings plc announced the departure of Group Chief Executive Noel Quinn after nearly five years at the helm. Quinn, a 37-year veteran of the bank, cited a desire for a better work-life balance in his decision to step down. The announcement comes amidst ongoing efforts […]