HSBC's new CEO, Georges Elhedery, announced a significant restructuring of the bank, dividing it into eastern and western markets to enhance efficiency and reduce costs. The changes, effective in 2025, will create separate business units in the UK and Hong Kong, merging commercial and institutional banking divisions. Elhedery emphasized that the new structure aims to simplify operations and improve market focus. Additionally, HSBC appointed its first female finance chief, Pam Kau, marking a historic milestone for the bank. Teljes cikk (Euronews.com)