HSBC’s Top Boss Bets $14 Billion on Hong Kong in Push for Growth

(Bloomberg) -- After spending the past year shedding thousands of jobs and stripping out layers of management to rein in costs, HSBC Holdings Plc Chief Executive Officer Georges Elhedery is now looking for ways to grow revenue.  On Thursday, investors got their first taste of how exactly he’ll pull that off with a $14 billion buyout of its troubled Hong Kong subsidiary Hang Seng Bank Ltd. Having approached the board of Hang Seng Bank with an offer to take it private at the start of September, bankers wer ...