Saturday, June 21, 2025
News Wave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
News Wave
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
No Result
View All Result
News Wave
No Result
View All Result
Home Business

HSBC chief Georges Elhedery unveils sweeping overhaul of lender

22 October 2024
in Business
0 0
HSBC chief Georges Elhedery unveils sweeping overhaul of lender
Share on FacebookShare on Twitter



HSBC chief executive Georges Elhedery is restructuring the bank into four divisions, with separate UK and Hong Kong units, in a move to cut costs and address geopolitical tensions. The overhaul will split operations into eastern and western markets, with a new leadership team and a focus on simplifying the organizational structure. The bank will also see changes in its top management and leadership positions, with a new focus on strategic client relationships and a $300mn cost-cutting drive targeting senior bankers.

Full Article

Loading spinner
Tags: ChiefElhederyGeorgesHSBClenderoverhaulsweepingUnveils
Previous Post

Over €380 Million Fuels 133 New LIFE Projects

Next Post

What’s the most haunted place in Salem?

Related Posts

4 Undeniable Factors That Could Push Bitcoin to New All-Time Highs This Summer
Business

4 Undeniable Factors That Could Push Bitcoin to New All-Time Highs This Summer

by My News Wave
21 June 2025
0

Some market moments gain momentum without significant triggers, and Bitcoin (CRYPTO: BTC) appears poised for a significant rally due to four macro forces that historically precede price surges. Increased liquidity from central banks typically encourages investment in riskier assets like cryptocurrencies, as safer investments become overpriced. Explain It To Me Like I'm 5: When banks make more money available, people are more likely to invest in things like Bitcoin, which can help it grow in...

Read more
If I Could Only Buy and Hold a Single Stock, This Would Be It.
Business

If I Could Only Buy and Hold a Single Stock, This Would Be It.

by My News Wave
21 June 2025
0

Taiwan Semiconductor (NYSE: TSM) is highlighted as a top investment choice due to its status as the world's leading contract chip manufacturer, essential for nearly every industry. The company is positioned to potentially outperform the market over the long term, making it an ideal single-stock holding for investors. Explain It To Me Like I'm 5: Taiwan Semiconductor makes tiny parts called chips that help many different companies create their products, which is why it's a...

Read more
Why Alphabet Stock Flopped on Friday
Business

Why Alphabet Stock Flopped on Friday

by My News Wave
20 June 2025
0

Alphabet (NASDAQ: GOOG, GOOGL) shares dropped nearly 4% at the end of the trading week, significantly underperforming the S&P 500's 0.2% decline, following the European Union's ruling that the company must pay a €4.1 billion ($4.7 billion) fine for limiting search engine competition through its Android system. Alphabet is currently appealing this fine, which stems from a 2018 decision. Explain It To Me Like I'm 5: Alphabet, the company that owns Google, lost money because...

Read more
Why Shares of Kroger Are Surging Today
Business

Why Shares of Kroger Are Surging Today

by My News Wave
20 June 2025
0

Kroger's shares rose about 10% after the company announced its first-quarter earnings for 2025, reporting adjusted earnings per share of $1.49 and total revenue of $45.1 billion. While revenue slightly missed Wall Street expectations, management upheld its full-year earnings guidance and increased its revenue forecast. Explain It To Me Like I'm 5: Kroger made more money than people thought and told everyone they would continue to do well, which made their stock price go up!...

Read more
The Smartest S&P 500 ETF to Buy With 0 Right Now
Business

The Smartest S&P 500 ETF to Buy With $500 Right Now

by My News Wave
20 June 2025
0

Investing in the stock market can be simplified by mirroring the S&P 500 index, which offers great long-term results without the stress of individual stock performance. For those with a $500 budget, the SPDR Portfolio S&P 500 ETF (SPLG) is an affordable option at $70 per share, compared to pricier alternatives like Vanguard and SPDR ETFs. Explain It To Me Like I'm 5: You can invest in a big group of companies easily by buying...

Read more
Why Is Berkshire Hathaway Hoarding Cash?
Business

Why Is Berkshire Hathaway Hoarding Cash?

by My News Wave
20 June 2025
0

In this podcast, Motley Fool analyst Matt Argersinger and host Ricky Mulvey explore why Berkshire Hathaway is accumulating cash, while Mary Long and analyst Asit Sharma discuss AMD's challenges with tariffs and export controls affecting the chip industry. Listeners can access full episodes through The Motley Fool's podcast center, along with a curated list of recommended stocks to buy. Explain It To Me Like I'm 5: The podcast talks about why a big company named...

Read more
News Wave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • Los Angeles Dodgers stop federal agents from entering stadium grounds
  • F1 Hungarian GP set to take place at renovated Hungaroring
  • 4 Undeniable Factors That Could Push Bitcoin to New All-Time Highs This Summer
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In