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HSBC Revamp by New CEO Elhedery Stumps Staffers, Investors
HSBC CEO tells staff senior redundancies inevitable after revamp
Some senior HSBC staff should brace for job cuts after the bank's latest restructuring, Chief Executive Georges Elhedery told staff in a memo seen by Reuters on Wednesday.
HSBC Revamp by New CEO Elhedery Stumps Staffers, Investors Alike
HSBC Holdings Plc’s new chief executive officer just unveiled the biggest overhaul of the company in at least a decade, but it was missing some key details for employees and investors.
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
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,
HSBC to overhaul with bank split into East and West
HSBC has unveiled a significant restructuring of its business, which will see the global bank rearrange itself along geographical lines and under four operational units instead of the current three. The bank is simplifying its global structure,
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 ...
11h
on 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 ...
1d
HSBC reorganises to make Hong Kong a ‘top strategic priority’ in global banking business
HSBC Holdings plans to restructure its operations into four business units and the bank said it was appointing Pam Kaur, ...
Global Finance
5h
HSBC Simplifies Trade Finance For Chinese SMEs
Small and midsized enterprises (SMEs) typically face challenges securing trade finance, but by using real-time commercial ...
14h
Pam Kaur smashes glass ceiling as HSBC’s first female CFO
HSBC's history-making new chief financial officer Pam Kaur is a battle-hardened risk and audit veteran who credits her ...
10h
on MSN
Hong Kong stocks ride 2-day wave on earnings optimism, stabilisation-fund proposal
Investors are gearing up for results from 22 Hang Seng Index constituents through the end of the month, including HSBC, BYD ...
Global Trade Review (GTR)
1d
HSBC to expand e-commerce financing in Hong Kong
HSBC will double the size of trade facilities available to e-commerce merchants in Hong Kong after signing a partnership with ...
14h
HSBC Holdings (HSBA) Receives a Buy from Citi
Citi analyst Andrew Coombs maintained a Buy rating on HSBC Holdings (HSBA – Research Report) today and set a price target of £8.20. The ...
devdiscourse
11h
HSBC's Strategic Overhaul: Job Cuts and Geographic Realignment
HSBC prepares for job cuts amid significant restructuring as CEO Georges Elhedery merges operations and reorganizes the ...
6h
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 ...
20h
HSBC Executes Major Share Buy-Back Program
HSBC Holdings (GB:HSBA) has released an update. HSBC Holdings has announced a significant share buy-back, purchasing over 2 million shares from ...
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