HSBC Restructuring Includes New Leadership, Strategic Approaches

HSBC is calling it a simplified organization structure.But a press release issued Tuesday (Oct. 22), indicates the banking group is making big changes being implemented Jan. 1, 2025.According to the release, this strategic shift is being made in the name of streamlining decision-making and eliminating redundancies. The banking giant will reorganize into four distinct business units: Hong Kong (personal banking and commercial banking); UK (U.K. personal banking, including First Direct and M&S Bank, and U.K. ...