Parsing HSBC’s slightly dated Global Entrepreneurial Wealth Report for 2024
Grand global restructuring announcements have been all too familiar from the lender over the past decade
Georges Elhedery embarks on sweeping overhaul of lender as part of cost-cutting drive
The answer may depend on the likes of Xi Jinping and Donald Trump
Direct participation in Cips system will mean faster settlements and help internationalise use of renminbi
Top 20 shareholder calls for bank to consider total split
Plus, EY fires employees for multitasking online training videos and the bondholder stand-off threatening a big telecoms deal
Bank plans to separate east from west and split into 4 units to cut costs and simplify its business
The UK-based global bank’s new structure looks logical, but raises questions about its future direction
Plus, the senior bankers at the centre of HSBC’s plans to cut costs and 7-Eleven’s latest tactic to fend of a $47bn hostile takeover
New chief Georges Elhedery is working on restructuring that could save as much as $300mn
Banks unwittingly handled transactions for companies in Africa controlled by deceased Russian warlord
French lender accelerates expansion drive after selling assets in US while HSBC makes cost-cutting a priority
UK-based bank has more than $3bn in exposure to defaulted commercial real estate loans in the territory
Head, heart and network are all important when deciding what to do with our money
Awards highlights include: generative AI, social mobility in law firms, dealmaking, sustainability and the most innovative law firms and individuals
The company lawyers featured below are helping their businesses adapt to a wide range of challenges
Move would be a significant early step by chief executive Georges Elhedery
Nuno Matos had been a top contender to lead the lender before the appointment of Georges Elhedery
UK bank’s head confident it can keep growing under successor Georges Elhedery even without boost from rising interest rates
HSBC handed more serious reprimand by Competition and Markets Authority for second time
A host of buildings will require renovations to attract new tenants as major occupants depart
Financial district has to repurpose monolithic building as anchor tenant prepares to quit in 2027
Plus, how Peter Thiel helped fund JD Vance’s rise and hype brand Supreme’s unexpected buyer
Georges Elhedery has to cut stubborn costs and deliver profits without the help of rising interest rates
