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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 shake-up sees operations split between East and West
As part of the re-organisation, HSBC also announced the first-ever female finance chief in the bank's 159-year history. Pam Kau, currently the chief risk and compliance officer, has worked for the bank for more than a decade.
3d
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 ...
1d
HSBC overhaul by new CEO stumps employees and investors alike
The announced changes include the combination of the HSBC’s global commercial and institutional banking operations under ...
3d
on MSN
HSBC: The questions investors want answered on Elhedery’s global shake-up
HSBC’s new chief executive has made his play to cut costs and home in on core divisions for the next phase of growth at ...
2d
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 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 ...
3d
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 ...
Spear's Magazine
23h
HSBC launches invitation-only credit card for global private banking clients
HSBC Privé is built on deep client insights, offering privileges that cater to the specific needs of HNW and UHNW clients.
3d
on 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 ...
2d
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 ...
Yahoo Finance
1d
HSBC launches credit card for global private banking clients
HSBC
Privé is designed for UHNWIs and HNWIs eager to expand their networks and gain opportunities. Benefits include: ...
3d
on 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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