News: Latest Articles and Media Releases | HSBC Holdings plc
Dec 5, 2024 · Discover the latest news articles and media releases from HSBC or explore our archive for top news articles from the recent past.
HSBC announces completion of next stage of global ...
Dec 5, 2024 · HSBC announces the completion of the next stage of its plans to simplify the Bank’s organisational structure to accelerate the delivery of its strategy. The changes will see HSBC create a simpler, more dynamic, agile organisation by operating through four key businesses.
HSBC Kicks Off Biggest Restructuring in Decade Under New CEO
Oct 22, 2024 · HSBC Holdings Plc said it would merge two of its largest businesses, outside the UK and Hong Kong, and restructure regionally as Chief Executive Officer Georges Elhedery looks to rein in costs against a backdrop of falling interest rates.
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HSBC splits bank between East and West in major overhaul
Oct 22, 2024 · 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.
HSBC will primarily cut senior roles in overhaul of ...
Oct 30, 2024 · HSBC said on Oct 22 that it will be simplifying its global operations into four business lines to cut existing inefficiencies such as the duplication of processes and decision-making.
HSBC coy on cost savings of revamp as quarterly profit tops ...
Oct 29, 2024 · HSBC Holdings beat third quarter profit expectations on Tuesday thanks to rising wealth and wholesale banking revenue, but kept investors waiting for more detail on how a sweeping overhaul of its...
HSBC profits jump as banking giant set for major shakeup
Oct 29, 2024 · HSBC has seen its quarterly profits jump by 10% as the UK-based banking giant embarks on one of the biggest shakeups in its 159-year history. The firm said its pre-tax profits rose to $8.5bn...
HSBC embarks on major restructuring, names first female CFO
Oct 22, 2024 · HSBC has unveiled a major overhaul, announcing a new geographic setup, consolidated operations and a new CFO — the lender’s first female finance chief. This is the second heavyweight leadership...
HSBC’s CEO Eyes $3 Billion in Potential Savings from Overhaul
Dec 11, 2024 · HSBC Holdings Plc is examining plans that could cut costs by at least $3 billion as it continues to restructure its worldwide operations under new Chief Executive Officer Georges Elhedery.