Don McCree is spearheading Citizens Bank’s push into New York. He has just overseen the acquisition of HSBC’s branches in the city, and was in town this week for Citizens’ official launch into the Big Apple.

Don McCree, vice chairman, Citizens Bank Citizens Insider's Banker of the Week series appears in our weekday newsletter, 10 Things on Wall Street. This week we're highlighting Don McCree, vice chairman and head of commercial banking at Citizens Financial Group. McCree was in New York this week for Citizens official launch in the city. The […]

HSBC’s CEO is retiring next year — and it just poached an insurance CEO to be its new chairman (HSBC)

AP Photo/Vincent Yu HSBC Holdings Plc is lining up Mark Tucker, currently chief executive of insurer AIA Group Ltd, to be the next chairman of Europe’s biggest bank, sources with direct knowledge of the matter said on Sunday. Regulators in Hong Kong and London have signalled they will approve the appointment, one of the sources […]

HSBC’s pre-tax profit tanks by 62% in 2016

REUTERS/Bobby Yip HONG KONG (Reuters) – HSBC Holdings reported a 62 percent slump in annual pre-tax profit that fell way short of analysts’ estimates due to one-time charges related to some businesses, and announced a new $ 1 billion share buy-back. Europe’s biggest bank by assets said on Tuesday profit before tax for 2016 fell […]