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HSBC splits bank between East and West

HSBC splits East and West in major revamp and appoints first female finance chief

By Selena Li, Lawrence White and Sinead Cruise HONG KONG/LONDON (Reuters) -HSBC merged some operations and split its geographic footprint into East and West in a sweeping restructuring under new CEO Georges Elhedery that also included the appointment of the bank's first female finance chief.

Opinion

Bloomberg L.P. · 1d

HSBC’s East-West Split Isn’t Just About Cutting Costs

The fallout left HSBC scrambling to placate governments and corporations in both east and west. The political standoff between the US and China hasn’t improved since; if Donald Trump returns to the White House next January, things could get even more tricky for any business caught in between.

BBC on MSN · 1d

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.

East West Bancorp, EWBC

ETF Daily News · 2h

StockNews.com Lowers East West Bancorp (NASDAQ:EWBC) to Sell

StockNews.com cut shares of East West Bancorp (NASDAQ:EWBC – Free Report) from a hold rating to a sell rating in a research report released on Monday morning. Several other research analysts have also commented on EWBC.

Business Insider · 21h

Barclays Reaffirms Their Buy Rating on East West Bancorp (EWBC)

Barclays analyst Jared Shaw maintained a Buy rating on East West Bancorp (EWBC – Research Report) today and set a price target of

SFGate · 1d

East West Bancorp: Q3 Earnings Snapshot

East West Bancorp Inc. (EWBC) on Tuesday reported third-quarter earnings of $299.2 million. The Pasadena, California-based bank said it had earnings of $2.14 per share. Earnings, adjusted for non-recurring gains,

13h

Pocono Mountain East and West football meet in new school rivalry regular-season finale

One of the new school rivalries is taking center stage to end the regular season as Pocono Mountain East will travel about 15 ...

American Banker13h

East West Bank faces margin squeeze, but investors like its plan

The Southern California company beat analysts' expectations, partly by steadily paying less for deposits, as it navigates a ...

Business Insider1d

East West Bancorp price target raised to $101 from $93 at Truist

Truist raised the firm’s price target on East West Bancorp (EWBC) to $101 from $93 and keeps a Buy rating on the shares after its Q3 earnings beat. This was a solid quarter for the bank amid ...

Time travel: The point where east and west met in divided Berlin

How a small border crossing in Berlin became a global symbol of international tension, espionage, and freedom—and why it ...

2don MSN

First train test on East West Rail route completed

The first test train journey on the multibillion-pound East West Rail route has been successfully completed. On Monday ...

12h

East West Bancorp price target raised to $95 from $87 at Piper Sandler

Piper Sandler raised the firm’s price target on East West Bancorp (EWBC) to $95 from $87 and keeps a Neutral rating on the shares ...

As cyclone Dana approaches India's east coast, what you need to know

A powerful cyclone is expected to barrel into India's eastern coast early on Friday. Here are some key details about its ...

ESPN1d

NBA 2024-25 opening night: Experts' picks for East, West and NBA champs

And despite the talent at the top of the conference, the Lakers, Phoenix Suns, Dallas Mavericks and Denver Nuggets could all ...

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