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HSBC splits bank between East and West
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 sprawling operations.
HSBC splits bank amid growing tensions between China and the West
HSBC has unveiled a sweeping overhaul of the bank by splitting it into East and West, raising fears the move could lead to less scrutiny of its operations in China and Hong Kong.New chief executive Georges Elhedery,
Transcript: HSBC’s east-west split
Sonja Hutson Good morning from the Financial Times. Today is Wednesday, October 23rd and this is your FT News Briefing. Jobs are on the chopping block at another Big Four firm and HSBC is reshuffling its business. Plus, South Korea is accusing Russia of sending North Korean soldiers to fight in Ukraine.
In Depth
8d
In Depth
Exclusive: HSBC probes China Pinnacle wealth business on costs and control, say sources
The Pinnacle review underscores the challenges HSBC faces in boosting revenue in China.  The Greater China region, which ...
eVnExpress on MSN
1h
42% of affluent Asians feel unprepared for retirement: HSBC
Some 42% of well-off individuals in Asia said they feel unprepared for retirement, while 4 in 10 are not financially on track ...
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6h
Tesla among first trial companies as China further opens telecom sector
Zhang Hongtao, deputy director of Shanghai Municipal Commission of Economy and Informatization, told China Daily that Tesla ...
8d
HSBC probes its China Pinnacle wealth business; move could see layoffs, sources say
The bank is also looking at salary structures and probing whether suppliers inflated expenses. Read more at straitstimes.com.
3d
on MSN
Beijing urges HSBC to keep backing mainland China and Hong Kong’s development push
Xia Baolong, Beijing’s point man on Hong Kong affairs, issues call in meeting with HSBC Group chairman Mark Tucker in ...
20h
HSBC chief Georges Elhedery unveils sweeping overhaul of lender
HSBC has announced a sweeping reorganisation that will redraw its operations between east and west, as new chief executive Georges Elhedery seeks to cut costs and better navigate geopolitical tensions ...
Zawya
52m
Fleetwood the star guest at launch of new-look DP World Tour play-offs
The Abu Dhabi HSBC Championship and DP World Tour Championship, both Rolex Series events, now form the DP World Tour ...
15h
HSBC reorganises to make Hong Kong a ‘top strategic priority’ in global banking business
HSBC Holdings plans to restructure its operations into four business units and the bank said it was appointing Pam Kaur, ...
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