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Reports say Georges Elhedery’s plans part of restructure that would lead to merging global and commercial unitsThe new boss of HSBC is reportedly readying to cut the jobs of some of the bank’s most expensive senior bankers in a move that could save as much as $300m (£229m) in costs.Georges Elhedery, who took over as chief executive last month, is planning to remove a layer of senior bankers as part of a restructure that would result in the bank’s global banking and commercial banking units merging. Continue reading…
Reports say Georges Elhedery’s plans part of restructure that would lead to merging global and commercial units
The new boss of HSBC is reportedly readying to cut the jobs of some of the bank’s most expensive senior bankers in a move that could save as much as $300m (£229m) in costs.
Georges Elhedery, who took over as chief executive last month, is planning to remove a layer of senior bankers as part of a restructure that would result in the bank’s global banking and commercial banking units merging.
