HSBC CEO Tells Staff Senior Redundancies Inevitable After Revamp
LONDON (Reuters) - 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 revamp by new CEO Georges Elhedery stumps staffers, investors alike
HSBC Holdings’ new chief executive officer just unveiled the biggest overhaul of the company in at least a decade, but it was missing some key details for employees and investors. Read more at The Business Times.
HSBC chief Georges Elhedery unveils sweeping overhaul of lender
HSBC chief executive Georges Elhedery has announced an overhaul of the bank that would split it into four divisions and create a new geographic set-up separating east from west. The bank will split off its UK and Hong Kong businesses into new units,
HSBC CEO Elhedery unveils overhaul, plans to split into 4 divisions, FT says
CEO Georges Elhedery has announced plans to overhaul the bank, which will involve the company splitting into four divisions and
HSBC names first female chief financial officer, unveils a major overhaul
HSBC said Tuesday that it would combine some of its commercial and investment banking operations in a major overhaul under its new CEO, which will see it cut costs while trying to improve returns.
HSBC announces new structure, names first female financial officer
British financial giant HSBC announced a new consolidation of its operations on Tuesday into four geographical branches in its restructuring.
HSBC Revamp by New CEO Elhedery Stumps Staffers, Investors Alike
HSBC Holdings Plc’s new chief executive officer just unveiled the biggest overhaul of the company in at least a decade, but it was missing some key details for employees and investors.
HSBC unveils sweeping overhaul in bid to simplify corporate structure
London-listed shares in HSBC (LON:HSBA) were little changed on Tuesday as investors parsed through the bank's new plans to carry out a sweeping overhaul of its corporate structure. Chief Executive George Elhedery announced that
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HSBC's Strategic Overhaul: Job Cuts and Geographic Realignment
HSBC prepares for job cuts amid significant restructuring as CEO Georges Elhedery merges operations and reorganizes the ...
New CEO clicks HSBC Rubik’s cube into right place
HSBC , has changed a lot in its almost 160-year history. Yet many of its CEOs have grappled with a familiar question: how to ...
HSBC: The questions investors want answered on Elhedery’s East-West split
HSBC’s new chief executive has made his play to cut costs and home in on core divisions at Europe’s biggest bank, including ...
HSBC names first female finance chief in major shakeup
HSBC has announced the appointment of its first female finance chief in the bank's 159-year history as its new boss shakes up ...
HSBC splits East and West in major revamp and appoints first female finance chief
HSBC , merged some operations and split its geographic footprint into East and West in a sweeping restructuring under new CEO ...
HSBC Overhauls Bank, Seeking to Balance China and the West
The restructuring of Europe’s largest lender comes as it looks to cut costs and navigate a diplomatic minefield across its ...
HSBC boss splits East and West in major overhaul: Banking giant to divide into four divisions in bid to cut costs
Georges Elhedery (pictured) said the plan to 'simplify' the £123bn banking giant and cut costs would divide it into four.
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 ...