The restructuring of Europe’s largest lender comes as it looks to cut costs and navigate a diplomatic minefield across its sprawling operations.
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HSBC is mulling the combination of its Commercial and Investment banking divisions to eliminate overlapping roles at the lender and cut costs, Bloomberg News reported, citing people familiar with the matter. The combined division would become the bank’s largest revenue generator, contributing about $40 billion to the lender’s revenue annually, the report added. No final […]
The restructuring of Europe’s largest lender comes as it looks to cut costs and navigate a diplomatic minefield across its sprawling operations.
HSBC Holdings Plc warned it will likely cut senior manager jobs as the lender embarks on one of its biggest restructurings.
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