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HSBC is considering merging its commercial and investment banking divisions as part of a cost-cutting strategy under new CEO Georges Elhedery. The merger aims to eliminate overlapping roles and streamline operations. The new division would have over 90,000 employees, making it the largest revenue contributor for the UK lender. Bloomberg reports that the decision was discussed on Monday.
HSBC reviews Malta business for possible sale https://t.co/VvbNYlGK0L https://t.co/ROZIh3shPJ
HSBC startes a strategic review of its Maltese arm, marking the latest move by Europe’s largest bank since the appointment earlier this month of its new CEO https://t.co/dCy8cZ3LI3
HSBC announced plans to expand its U.K. wealth business by hiring hundreds of bankers, aiming to double assets under management to £100 billion in the next 5 years. #HSBC #wealthmanagement $NWSA $BCS $LYG
