stuart gulliver

HSBC posts 10% gain in pretax profit, but share price falls

The stock dipped by 4.4% in London amid disappointment about weak revenues and the potential for a $1.6 billion settlement charge related to the sale of mortgage-backed securities in the run up to the financial crisis.
August 05, 2013

HSBC gets leaner and meaner

Gulliver’s got guts. He’s slicing away the non-core HSBC businesses. The latest move: sell some of the general insurance units in Asia and Latin America for $914 million.
March 08, 2012

HSBC sells US businesses to Capital One

HSBC sells its US monoline credit card and private-label credit card business to Capital One for more than $30 billion, as group chief executive Gulliver delivers on his promise to streamline the bank and shore up capital.
August 10, 2011

Bureaucratic HSBC cuts 30,000 jobs

Hong Kong is in the firing line for the 30,000 jobs that HSBC will cut, says Stuart Gulliver, although the bank will also be hiring in Asia-Pacific in some specific areas.
August 02, 2011

Costs and ROE target cast a shadow on HSBC's results

Despite declaring strong profit growth and a stellar year in global banking and markets, HSBC's share price fell yesterday as investors questioned the higher costs and a reduced return-on-equity target.
February 28, 2011

HSBC promotes Paul Thurston

HSBC moves Paul Thurston from London to Hong Kong with a mandate to head retail banking and wealth management as it aims to strengthen its offering in the region.
November 28, 2010

Top leadership shakeup at HSBC

Stuart Gulliver is named the new CEO after Geoghegan resigns, while Douglas Flint will take on the chairman's role.
September 26, 2010