Loading...
Market
Will HSBC's stock price rise 15% or more by end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Stock market data from exchanges where HSBC is listed
Story
HSBC Restructures, Separating Eastern and Western Businesses in Major Overhaul
Oct 22, 2024, 05:33 AM
HSBC announced a significant restructuring, merging its commercial and investment banking businesses outside the UK and Hong Kong to create a new corporate and institutional banking division. The bank plans to streamline its operations into four main business units: UK, Hong Kong, corporate banking, and wealth banking, effectively separating its 'eastern' and 'western' businesses. This overhaul is part of CEO Georges Elhedery's efforts to rein in costs against a backdrop of falling interest rates. Elhedery stated that the new leadership structure aims 'to unleash our full potential and drive success into the future.'
View original story
Similar markets
Best performing • 25%
Above average • 25%
Below average • 25%
Worst performing • 25%
Outperforms all • 25%
Performs similarly • 25%
Underperforms all • 25%
Mixed performance • 25%
Less than 5% • 25%
5% to 10% • 25%
10% to 15% • 25%
More than 15% • 25%
Less than 20 cents • 25%
20 to 30 cents • 25%
30 to 40 cents • 25%
More than 40 cents • 25%