HONG KONG/LONDON (Reuters) - HSBC <HSBA.L> 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 of muted revenue.Full story
HSBC has announced it is seeking a further $2 billion-$3 billion in cost savings as it continues to trim its global empire — a move analysts say could cost more jobs. Full story
HONG KONG (Reuters) - HSBC <HSBA.L> 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 noncore businesses with less than a year left in the first phase of its restructuring plan. Full story
The "Earnings Squad" dissects the earnings stories everyone is talking about. Today, a look at HSBC, First Solar, and Perrigo, with CNBC's Melissa Lee, Herb Greenberg, and Mary Thomspon.
HSBC says yesterday's plunge in gold is due to liquidation of exchange-traded products and a general commodity retracement, reports CNBC's Sharon Epperson.
CNBC's Sharon Epperson reports HSBC says it "no longer views gold as a sound investment."
Banking giant HSBC will pay $1.9 billion in penalties to settle money laundering allegations. CNBC's Scott Cohn has the latest details, with Lanny Breuer, Department of Justice.
NBC’s Pete Williams reports on the record $2 billion HSBC will pay the U.S. to settle charges that it allowed companies, drug cartels and even suspected terrorists to launder money.
People sit in an outdoor coffee shop in front of an HSBC bank branch in Valletta May 8, 2013. REUTERS/Darrin Zammit Lupi
HSBC Group Chief Executive Stuart Gulliver attends a news conference in Hong Kong August 2, 2011. REUTERS/Tyrone Siu
Herve Falciani, a former HSBC worker wanted in Switzerland on allegations of stealing data on tens of thousands of Swiss bank accounts, appears before a High Court judge for extradition proceedings in San Fernando de Henares, near Madrid, April 15, 2013. REUTERS/Juan Carlos Hidalgo/Pool
The logo of HSBC is seen on a building in Hong Kong August 1, 2011. REUTERS/Tyrone Siu
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