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HSBC splits bank between East and West

BBC on MSN · 13h

HSBC splits bank between East and West in major overhaul

HSBC's new boss has announced a major overhaul of the bank's structure, splitting geographically into eastern and western markets amid increasing geopolitical tensions and a need to cut costs. The bank said that it was simplifying operations by splitting into four key units, which will see its commercial and institutional banking divisions merged.

HSBC splits operations into East and West and appoints first female CFO

The changes, set to take effect from January 2025, will see the bank simplified into four key units: UK, Hong Kong, corporate and institutional banking, and international wealth and premier banking

The New York Times · 1d

HSBC Overhauls Bank, Seeking to Balance China and the West

The restructuring of Europe’s largest lender comes as it looks to cut costs and navigate a diplomatic minefield across its sprawling operations.

HSBC Kicks Off Biggest Restructuring in Decade

Wall Street Journal · 1d

New HSBC CEO Shakes Up Structure of Europe's Biggest Bank

HSBC unveiled a revamped structure designed to cut costs, at a time when falling interest rates are likely to eat into income at Europe's biggest bank by assets Under the [plan laid out Tuesday](

Bloomberg L.P. · 1d

HSBC Kicks Off Biggest Restructuring in Decade Under New CEO

HSBC Holdings Plc unveiled a broad restructuring across different business lines and geographies as newly appointed Chief Executive Officer Georges Elhedery embarks on an ambitious effort to cut costs at the banking behemoth.

EconoTimes · 1d

HSBC Restructures Banking Operations Under New CEO Georges Elhedery

HSBC Restructures Banking Operations Under New CEO Georges Elhedery On Tuesday, HSBC Holdings unveiled a major overhaul of its banking operations, merging its commercial and investment banking sectors under

3h

HSBC leaves door open for bigger cost cuts, Asia focus as revamp spurs leadership shake-up

Colin Bell, who oversees Europe, and Stephen Moss, who leads the Middle East and North Africa region, will depart on December ...

9hon MSN

HSBC names first female CFO—Pam Kaur gets top finance job as her predecessor ascends to CEO

Kaur joined HSBC in April 2013 and went on to hold several leadership roles, most recently, chief risk and compliance officer ...

1don MSN

HSBC to Revamp Organizational Structure

Europe’s largest bank by market value will operate through four businesses starting from Jan. 1 to reduce duplication of ...

8h

HSBC CEO Tells Staff Senior Redundancies Inevitable After Revamp

LONDON (Reuters) - Some senior HSBC staff should brace for job cuts after the bank's latest restructuring, Chief Executive ...

12h

HSBC Warns It Will Cut Senior Manager Roles in Revamp

HSBC Holdings Plc warned it will likely cut senior manager jobs as the lender embarks on one of its biggest restructuring.

10h

HSBC Names Indian-Origin Banker Pam Kaur As Its First Woman CFO

HSBC Holdings Plc, which was founded by a Scotsman more than 150-years ago, named Pam Kaur the first female chief financial ...

1don MSN

HSBC to split U.K. and Hong Kong banking arms into two separate units

HSBC’s overhaul will see the bank split into four separate units under the control of two distinct Eastern and Western ...

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