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.
Opinion
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.
HSBC Holdings Plc warned it will likely cut senior manager jobs as the lender embarks on one of its biggest restructuring.
HSBC , has changed a lot in its almost 160-year history. Yet many of its CEOs have grappled with a familiar question: how to ...
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HSBC puts wealth in the spotlight after huge restructureHSBC Holdings is set to undergo a massive restructure into four businesses to accelerate delivery against its strategic ...
The firm's new CEO just unveiled the biggest overhaul of the company in at least a decade, but it was missing some key ...
HSBC's history-making new chief financial officer Pam Kaur is a battle-hardened risk and audit veteran who credits her ...
HSBC’s overhaul will see the bank split into four separate units under the control of two distinct Eastern and Western ...
HSBC unveiled a revamped structure designed to cut costs, at a time when falling interest rates are likely to eat into income ...
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