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