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.
East gets the "big brother" distinction since it is the original Pocono Mountain High School, but in recent years, the ...
And despite the talent at the top of the conference, the Lakers, Phoenix Suns, Dallas Mavericks and Denver Nuggets could all ...
Barclays raised the firm’s price target on East West Bancorp (EWBC) to $110 from $108 and keeps an Overweight rating on the shares. The ...
How a small border crossing in Berlin became a global symbol of international tension, espionage, and freedom—and why it ...
Q3 earnings topped the average analyst estimate as the Pasadena, California-based bank grew consumer and business banking ...
The first test train journey on the multibillion-pound East West Rail route has been successfully completed. On Monday ...
Deloitte has cut about 250 UK employees and HSBC’s chief executive has announced an overhaul of the bank. The IMF has warned global protectionism will endanger the world’s growth outlook, as a ...
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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