It also decided to shut down its payments app Zing ... divisions: UK, Hong Kong, corporate and institutional banking, and wealth banking. Elhedery, appointed as CEO in September, is expected to ...

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Banking giant HSBC said Wednesday that CEO Georges Elhedery's plan since October to simplify the company's structure and ...

(Reuters) -HSBC is preparing to report $1.5 billion of annual cost savings from the changes implemented ... into four business lines, namely UK, Hong Kong, corporate and institutional banking ...

Feb 13 (Reuters) - HSBC (HSBA.L), opens new tab is preparing to report $1.5 billion of annual cost savings from the changes ... four business lines, namely UK, Hong Kong, corporate and ...

Georges Elhedery’s major shake-up of HSBC will shave $1.5bn off the bank’s total costs, according to reports. The Financial Times and Bloomberg have both reported that the cost savings will be ...

reported that the savings, which come after one-off costs, will largely result from HSBC’s decision to withdraw from non-core markets. The bank confirmed last month that it will wind down parts of its ...

HSBC is preparing to report $1.5 billion of annual cost savings from the changes implemented under its ... HSBC said it would carve up its operations into four business lines, namely UK, Hong Kong, ...

HSBC is preparing to report $1.5 billion of annual cost savings from the changes implemented under its broad restructuring initiatives on Feb. 19, the Financial Times reported on Thursday. Since the ...