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HSBC splits bank between East and West
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 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
HSBC Kicks Off Biggest Restructuring in Decade
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](
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.
HSBC Announces Restructuring, Appoints Female CFO
HSBC Holdings Plc has unveiled restructuring across different business lines and geographies as newly appointed CEO Georges Elhedery seeks to cut costs. HSBC also announced the appointment of Pam Kaur as chief financial officer,
36m
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 ...
6h
on MSN
HSBC names first female CFO—Pam Kaur gets top finance job as her predecessor ascends to CEO
HSBC Holdings Plc, in business for 159 years, is making history in its C-suite as it embarks on a company reorganization. Pam ...
1d
on MSN
HSBC Announces Restructuring and Names First Female C.F.O.
HSBC announced its biggest restructuring in a decade this morning, splitting itself into four divisions, combining some of ...
7h
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 ...
9h
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.
1d
HSBC names first female chief financial officer, unveils a major overhaul
HSBC said Tuesday that it would combine some of its commercial and investment banking operations in a major overhaul under ...
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