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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 Restructuring Includes New Leadership, Strategic Approaches
HSBC is calling it a simplified organization structure. But a press release issued Tuesday (Oct. 22), indicates the banking group is making big changes being implemented Jan. 1, 2025.
HSBC's Pam Kaur smashes glass ceiling in major overhaul
HSBC's history-making new chief financial officer Pam Kaur is a battle-hardened risk and audit veteran who credits her success to the "Power of Chi".
Does HSBC splitting itself into East and West point to a break up coming?
New HSBC Holdings PLC (LSE:HSBA) boss George Elhedery today revealed his plan to split the business geographically in two, but it was not clear if this was the final step towards a true break-up of the business into its East and West units. Analysts said the new structure seemed to provide the opportunity for much cost-cutting, but would also be likely to cost several million to achieve.
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 markets divisions, new CEO Georges Elhedery said
HSBC's first female CFO in 160 years: who is Pam Kaur?
HSBC has named Pam Kaur as its new Chief Financial Officer (CFO), marking a historic first in the bank's 160-year history. Kaur's appointment follows the leadership reshuffle that saw Georges Elhedery take over as CEO earlier this year.
HSBC reorganises into four divisions, appoints new CFO
HSBC Holdings PLC (LSE:HSBA) has reorganised its organisational structure into four businesses, slimmed down its group executive committee and appointed a new chief financial officer. Europe's largest bank said it will now operate through four businesses: Hong Kong, UK, corporate & institutional banking, and international wealth & premier banking.
HSBC names Pam Kaur as first female CFO amid major restructuring
HSBC on Tuesday named veteran insider Pam Kaur as its first female finance chief and announced a consolidation of the bank into four business units. Aaron P | Bauer-Griffin | GC Images | Getty Images HSBC on Tuesday named veteran insider Pam Kaur as its first female finance chief and announced a consolidation of the bank into four business units.
HSBC appoints Pam Kaur as first female CFO
HSBC Holdings , on Tuesday named insider Pam Kaur as its first female chief financial officer, filling a role left vacant following Georges Elhedery's elevation as CEO earlier this year.
Earnings expectations are way too low and markets will swing higher, says HSBC's Max Kettner
Max Kettner, HSBC chief multi-asset strategist, joins 'Money Movers' to discuss the strategist's thoughts on equity performance ahead of the election, what could go wrong in today's economic environment, and much more.
HSBC: Indonesia can meet 3% fiscal target despite new government's proposed policies
Pranjul Bhandari of HSBC says the next Indonesian administration under Prabowo Subianto can stay fiscally prudent if it repurposes budget channels.
HSBC Shares Up 17% Since Canada Divestiture, Focus Shifts Toward Asia (Revised)
HSBC shares have surged 17% since selling its Canadian business to RBC for C$13.5B. The deal aligns with HSBC's strategy to focus on Asia while boosting investor returns.
