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HSBC reported a record profit before tax of US$32.3 billion for 2024, enabling a total return of US$26.9 billion to shareholders, including a dividend of 87 US cents per share. The bank celebrated its 160th anniversary, emphasizing its commitment to supporting Hong Kong's status as a global financial hub and its ongoing community initiatives. Group CEO Georges Elhedery highlighted the bank's strategic growth and adaptability in a changing economic landscape.
HSBC has rebranded its "eastern markets" and "western markets" divisions to "Asia and the Middle East" and "Europe and Americas," respectively, just months after their creation. This change follows concerns about the implications of the original labels amid geopolitical tensions and speculation about a potential split of the bank, which HSBC's CEO has denied. The restructuring aims to streamline operations and enhance customer service while targeting significant cost savings by 2025.
David Liao
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hsbc celebrates 160 years of growth and community support in hong kong
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02:00 01.04.2025
hsbc rebrands eastern and western markets amid speculation of potential split
02:13 06.03.2025
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