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’s overhaul will see the bank split into four separate units under the control of two distinct Eastern and Western ...
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 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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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 ...
Europe’s largest bank by market value will operate through four businesses starting from Jan. 1 to reduce duplication of ...
HSBC has unveiled its largest overhaul of the company in at least a decade. Bloomberg Intelligence's Francis Chan explains ...
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 ...
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