HSBC Shakeup Spotlights One of Its Last Bastions

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New HSBC Chief Targets Senior Bankers In Shake-up To Save $300m

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HSBC is poised to make a second attempt at bolting together its commercial banking division with its global banking and markets unit in a shake-up that could lead to hundreds of job losses …

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HSBC Shake-up At The Top Continues Under Sir Mark Tucker

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Another $3bn in buybacks for investors. General view of a HSBC branch in London (Tim Ireland/PA) (PA Archive) HSBC chairman Sir Mark Tucker completed the shake-up of his top …

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HSBC To Cut Jobs As It Targets £231m Savings In East And West …

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Oct 22, 2024 · HSBC has also unveiled a major shake-up of its top brass which includes Pam Kaur becoming its CFO – reportedly the first woman to ever hold this post, succeeding Mr …

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HSBC Eyes $3 Bln In Potential Savings From Overhaul, Bloomberg …

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Dec 11, 2024 · HSBC Holdings Plc is examining plans that could cut costs by at least $3 billion as the bank continues to restructure its worldwide operations under new CEO Georges Elhedery, …

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FAQs about HSBC Shakeup Spotlights One of Its Last Bastions Coupon?

How has HSBC changed its structure?

Europe ’s biggest bank has unveiled an overhaul of its global structure in a shakeup to reduce costs. The new boss of HSBC Georges Elhedery has announced the changes to home in on the bank’s strongest divisions. The bank said it was simplifying by splitting up into four key units, and geographically into East and West. ...

Should HSBC break up?

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. HSBC chief executive Georges Elhedery’s planned overhaul of the bank has reignited debate about a break-up of the group, with one top 20 investor saying it should consider a total split between operations in the east and west. ...

Why has HSBC restructured?

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. ...

Does HSBC have a geographic split?

HSBC’s new boss has unveiled a major overhaul that will include a geographic split between East and West. Georges Elhedery said the plan to ‘simplify’ the £123billion banking giant and cut costs would divide it into four. Two divisions will be standalone UK and Hong Kong operations. Another will consist of corporate and institutional banking. ...

How will changes at HSBC help Europe's biggest bank?

Georges Elhedery said the changes at HSBC will help Europe’s biggest bank “better focus on the businesses where we have clear competitive advantage”. HSBC has announced the departure of several senior executives in the latest leadership reshuffle overseen by its new chief executive. ...

How will HSBC shake-up affect Hong Kong?

The shake-up will see HSBC divide on a regional basis between Hong Kong and the UK, while new units focused on "corporate and institutional banking" as well as "international wealth and premier banking" are set to be established. ...