HSBC Holdings plc Sponsored ADR (HSBC)
Lloyds and HSBC wrists slapped by competition watchdog over ATM failures
Lloyds Banking Group PLC (LSE:LLOY) and HSBC Holdings PLC (LSE:HSBA) are among four banks to have been sent letters by the UK competition watchdog after breaching retail banking rules. Lloyds failed to publish the location of hundreds of ATMs through open banking APIs, while HSBC published incorrect values for its monthly maximum charge on some of its "multi-function devices" that are replacing ATM machines.
HSBC Promotes CFO Georges Elhedery to Chief Exec
British multinational banking group HSBC has a new chief executive officer. Georges Elhedery, who became HSBC's chief financial officer (CFO) last year, will move into the chief executive role (CEO) September 2, the bank announced Wednesday (July 17).
HSBC new CEO appointment is unsurprising, says broker
HSBC Holdings PLC (LSE:HSBA) promoting Georges Elhedery, its current chief financial officer, to be its new CEO is unsurprising, analysts said. Following the retirement announcement from Noel Quinn in the spring, the current boss will step down from 2 September.
HSBC appoints current finance chief Georges Elhedery to CEO
HSBC Holdings on Wednesday said its current chief financial officer, Georges Elhedery, will take over from Noel Quinn as its new CEO.
HSBC promotes former markets and finance chief Georges Elhedery to CEO
HSBC Holdings PLC (LSE:HSBA) has promoted finance chief Georges Elhedery to the role of group chief executive, after Noel Quinn's surprise retirement announcement in April. Elhedery, who joined the Asia-focused lender in 2005 and after roles including co-CEO of the Global Banking & Markets division, became group chief financial officer in 2023.
HSBC's Elhedery takes fast track from finance to CEO
When Georges Elhedery took a six-month break from HSBC in 2022, some feared he had called time on a 17-year stint at the Asia-focused lender. But two years on, the novice Mandarin-speaker is just weeks away from becoming chief executive.
HSBC appoints Georges Elhedery as group CEO starting Sept. 2
HSBC announced on Wednesday that it has appointed Georges Elhedery as group CEO, starting Sept. 2. Elhedery replaces Noel Quinn, who has held the position for nearly five years.
HSBC Names Georges Elhedery as Chief Executive
HSBC HSBA -0.38%decrease; red down pointing triangle Holdings named Georges Elhedery as its new chief executive after the bank's current leader unexpectedly announced his retirement earlier this year.
The five biggest challenges facing new HSBC CEO Georges Elhedery
Delivering growth amid falling interest rates, navigating tensions between China and the West, and managing HSBC's exposure to China's lingering bad loans crisis will be among the top challenges facing the bank's new CEO Georges Elhedery.
HSBC appoints Georges Elhedery as group chief executive
HSBC Holdings Ltd said on Wednesday it has appointed Georges Elhedery as its group chief executive, with effect from Sept. 2.
UK seeing surge of AI start up investment says HSBC
Britain has created 176 $1 billion-plus startups or unicorns, with five new ones added in 2024 to date, new research from HSBC and Dealroom has found. “Notably, 69 of these unicorns are still unrealised, setting the stage for further lucrative exits and listings over the coming years,” said the report.
HSBC launches new climate-focused infrastructure finance unit
Britain's HSBC has set up a new unit to tap deals in infrastructure finance and project finance linked to the world's shift to a lower-carbon economy, and hired a former UK politician to lead it, a senior banking executive told Reuters.
