(Bloomberg) -- The future of HSBC Holdings Plc is in Asia and the Middle East because of the amount of wealth and the capital flows between the two regions, according to the top executive who heads the British lender’s corporate and institutional banking. “You have had two regions that have had an enormous amount of capital,” Michael Roberts told Bloomberg Television in an interview on Monday, adding that’s a significant and permanent trend. “The interesting thing is the amount of money in the Middle East ...

(Bloomberg) -- In just four months, Nuno Matos has dismantled the decade-long legacy of ANZ Group Holdings Ltd.’s former boss Shayne Elliott. Since taking over as chief executive officer of one of Australia’s biggest banks in May, the former HSBC Holdings Plc banker has moved to slash 3,500 jobs, shaken up its senior management and revamped the lender’s top risk and compliance positions. The blunt-talking Portuguese financier has even earned the moniker “Nunogeddon” for the drastic actions so far.  The s ...

Australia and New Zealand Banking Group (ANZ) has revealed a restructuring plan, which includes laying off approximately 3,500 employees by September 2026. The plan will also reduce engagements with consultants and third parties, affecting around 1,000 managed services contractors. ANZ said the decision aims to “simplify the bank, strengthen its focus on its priorities and deliver for its customers”. The restructuring initiative is expected to result in a charge of approximately A$560m ($370m) before ta ...