HSBC's new CEO Georges Elhedery aims to save $300 million in 2025. The bank also plans to reduce its cost base by $1.5 billion by the end of next year. HSBC stock dipped on Wednesday after hitting a ...

Singapore’s leading offshore and marine contractor Seatrium is looking to further reduce costs and overheads despite recently returning to profitability. “For the remainder of the year, Seatrium is ...

THE Zimbabwe Taxpayers Platform (ZITAP) has called on the Reserve Bank of Zimbabwe (RBZ) to review and reduce prevailing bank ...

Flagstar Financial (NYSE:FLG) said on Thursday its board approved a merger of the company into its bank, with the surviving entity to be known as Flagstar Bank, N.A. The reorganization will reduce ...

Georges Elhedery became chief executive in September. Analysts say costs cuts are likely to be a key focus during his first months. (HSBC/via Reuters) HSBC unveiled a revamped structure designed to ...

Bank of Montreal is the fourth-largest bank in Canada and one of six Canadian banks that collectively hold almost 90% of the nation's banking deposits. The bank derives roughly 60% of its revenue from ...

(Reuters) - Danske Bank's second-quarter pre-tax profit came in below expectations on Thursday, hit by low interest rates and higher costs associated with compliance following a money-laundering ...

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