HSBC is undergoing a significant restructuring, splitting into four divisions to separate its east and west businesses, as announced by CEO Georges Elhedery. Meanwhile, Deloitte has laid off around 250 employees in the UK, and the IMF has cautioned that rising global protectionism could threaten economic growth, particularly in light of potential tariff increases following a possible Donald Trump election victory. Additionally, South Korea has urged Russia to halt the deployment of North Korean troops in Ukraine.
HSBC's new CEO, Elhedery, has initiated the largest overhaul in a decade, merging major divisions and raising concerns among staff and investors about job security and the financial implications of the restructuring. While analysts see potential in the changes, uncertainty remains regarding cost savings and the future of core services in various markets.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
