The London-headquartered, Asia-focused bank is embarking on a major restructuring under its new CEO that will slash the ...

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By Ravi Mattu Reporting from London HSBC announced its biggest restructuring in a decade on Tuesday, splitting itself into four divisions, combining some of its commercial and investment banking ...

HSBC’s new chief executive, Georges Elhedery, outlined plans for a major overhaul of the London-headquartered bank Tuesday, which will see leadership divided into separate Eastern- and Western ...

and wealth and premier banking. HSBC said it is pursuing the restructuring to achieve greater operational efficiency and growth, though it said the effort will lead to lay-offs. For the Hong Kong ...

HSBC shares rose on Tuesday as the bank announced a fresh $3 billion share buyback scheme and posted estimate-topping third-quarter numbers. At 727.4p per share, the FTSE 100 company was last ...

Under the revamp, announced on Tuesday, HSBC will combine some of its commercial and investment banking businesses. It also installed a new leadership structure, which would "unleash our full ...

HSBC said the changes to its operations would take effect from next year - Isaac Lawrence/AFP via Getty Images HSBC has unveiled a sweeping overhaul of the bank by splitting it into East and West ...

HSBC on Tuesday unveiled plans to simplify the banking giant's structure from next year in the first major change under new chief executive Georges Elhedery. The London-headquartered business will ...

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 ...

but actually for the UK, the main corridor in terms of business volumes is transatlantic," Stuart Tait, HSBC UK's head of commercial banking, told Reuters. In the year to June 30, the value of ...