Stuart Gulliver

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  HSBC's 2016 Pre-Tax Profit Slumps 62% On Writedowns

  The 2016 profit reflected a $3.2 billion impairment of goodwill in its global private banking business in Europe and the impact of its sale of operations in Brazil, the bank said.

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  HSBC Enjoys Capital Boost, Warns Of Gloomy UK Outlook

  Chief executive Stuart Gulliver said that the financial industry has communicated its priorities to the government. Because HSBC has a fully licensed subsidiary in France it is in no hurry to set up businesses elsewhere to protect access to European markets.

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  HSBC Defiant On Dividend Payouts As Profit Fall Stokes Doubts

  HSBC promised higher dividends on Tuesday after a 14 per cent profit drop fuelled doubts among some investors about the bank's ability to continue growing payouts.

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  HSBC Faces Pay Pressure, Dividend Fears From Investors

  Pay is not the only thing HSBC investors will challenge executives over at Friday's annual meeting in London, calls for reassurance on dividends, Chinese expansion and succession planning are all set to feature.

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  HSBC Drops Plan for 2016 Pay Freeze

  HSBC, Europe's largest bank, has dropped plans to freeze pay this year while remaining cautious on the outlook for its revenues, a memo from chief executive Stuart Gulliver seen by Reuters said on Thursday.

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  HSBC Bosses Reject Calls to Quit After 'Terrible List' of Problems

  HSBC bosses rejected calls from British lawmakers for them to quit over the bank's Swiss tax scandal, but said they were having to clean up after a "terrible list" of control and compliance failings.

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  HSBC Says Swiss Scandal has Brought "Shame" on Bank

  HSBC reported a 17 per cent fall in annual pretax profit and cut its profitability target, saying allegations its Swiss business had helped customers to dodge taxes had brought shame on the bank.

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  India's Income Tax department Issued Summons, Admits HSBC

  British banking giant HSBC today said it has been served summons by the Indian tax authorities. The bank also admitted that it was being probed by tax authorities in many other countries regarding alleged irregularities by its Swiss banking unit.

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  HSBC Chief Kept Millions in Swiss Account: Report

  HSBC chief executive Stuart Gulliver, who vowed to reform the scandal-hit bank, kept millions of dollars in a Swiss account, the Guardian newspaper reported on Sunday.

• Former HSBC Chairman Steps Down From Lobby Group

  A former boss of HSBC, Stephen Green, has stepped down from his position with a financial services lobby group after allegations that the bank helped people dodge taxes.

• HSBC to shed 1,149 UK jobs in new round of cutbacks

  HSBC is cutting 1,149 jobs in Britain in another round of redundancies to save money and slim down Europe's biggest bank.

• HSBC annual net profit falls 16.5 per cent to $14.03 billion

  HSBC bank said today that the net profits sank 16.5 per cent to $14.03 billion in 2012, hit by US money-laundering fines, mis-selling scandals, rising taxation and a huge accounting charge.

• HSBC CEO says complex structure had left it open to crime

  HSBC's biggest ever restructuring had been necessary to simplify the bank's complex structure and wide geographical spread which had made it attractive to money-laundering criminals, its Chief Executive said.

• HSBC faces US compliance issues, Libor scrutiny

  The threat that HSBC faces a big U.S. fine for lax controls in its anti-money laundering systems.

• HSBC says turnaround plan on target, costs cut by $2 billion

  Europe's biggest bank has said it has saved $2 billion in the first year of its 3-year turnaround plans, by selling 28 businesses and some 15,000 staff being transferred outside the group.