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hsbc announces major restructuring and appoints first female chief financial officer

HSBC has announced a major restructuring, creating four business units focused on "Eastern" and "Western" markets, while appointing Pam Kaur as its first female CFO. The overhaul aims to streamline operations and reduce duplication, with potential cost savings of up to $300 million. The bank's recent performance has been strong, with a pretax profit of $21.56 billion in the first half of the year, despite challenges from changing monetary policies.
CNBC
United States Dollar HSBC Holdings plc CHN HKG USA GBR Pam Kaur Jon Bingham Georges Elhedery Show more
Finance & Economy, News Article
07:57 22.10.2024
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