HSBC announces overhaul with bank split into East and West

NAMPA / DPA

2024-10-22

London (PA Media/dpa) - HSBC has unveiled an overhaul of its global structure as new boss Georges Elhedery looks to reduce costs and home in on the bank's strongest divisions. The British banking giant said it was simplifying by splitting up into four key units, and geographically into East and West. This includes merging its commercial and institutional banking operations, and creating a new international wealth and premier banking division. The......

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Economy

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