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FOUND: 3 - What They Never Told You

HSBC Reports $8.5 Billion Pre-tax Profit In Third Quarter

Banking giant HSBC said Tuesday that pre-tax profit in the third quarter rose 10 percent year-on-year, citing revenue growth in two of its divisions, days after the lender announced an organisational overhaul.

International Business Times

FTSE 100 Live 29 October: HSBC shares rally as results beat hopes, BP profits fall

Top marks for Pearson and forecast-beating HSBC today contrasted with a results-day setback for BP near the foot of the FTSE 100 index.

Evening Standard

HSBC reports nearly one billion jump in pre-tax profit in third quarter results

However, the British bank’s interest income fell by 1.6 billion dollars when compared with the same time last year.

The Independent UK

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HSBC names first female CFO—Pam Kaur gets top finance job as her predecessor ascends to CEO

Kaur's appointment coincides with a reorganization of the bank.

Fortune

HSBC splits operations into east and west divisions in major overhaul

Bank will also divide into four businesses as it seeks to cut costs and navigate rising geopolitical tensions

The Guardian - UK

HSBC announces overhaul with bank split into East and West

The bank said it is simplifying operations by splitting into four key units, and geographically into East and West.

Evening Standard

Europe’s biggest bank announces overhaul with split into East and West

The changes will take effect from 2025

The Independent UK

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New HSBC boss ‘ready to cut jobs of senior bankers to save $300m’

Reports say Georges Elhedery’s plans part of restructure that would lead to merging global and commercial units

The Guardian - UK

HSBC on hiring spree to drive UK wealth division ambitions

Exclusive: Europe’s biggest bank hopes to double UK arm of its wealth and private banking operations

The Guardian - UK

US stocks rise on faster economic growth despite Nvidia nerves – as it happened

Live coverage as US GDP figures show faster economic growth but Nvidia share price falls in after hours trading

The Guardian - UK

HSBC shake-up at the top continues under Sir Mark Tucker

Another $3bn in buybacks for investors

Evening Standard

‘More politicised than any other bank’: HSBC’s new boss prepares to ride the Chinese tiger

Georges Elhedery learned Mandarin in preparation for the top job, a sign that he grasps exactly where his lender’s strength and weakness lie

The Guardian - UK

HSBC names new Mandarin-speaking CEO as bank prepares for US-China tensions

Lebanese-born ex-finance chief Georges Elhedery takes up job in September when bank veteran Noel Quinn steps down

The Guardian - UK

HSBC Names CFO Elhedery As Next Chief Executive

HSBC on Wednesday named chief financial officer Georges Elhedery as the bank's next chief executive to drive "the next phase of development and growth".

International Business Times

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Top News

HSBC CEO Noel Quinn To Retire, Successor Search Begins

HSBC CEO Noel Quinn announces retirement after successful restructuring, with CFO Georges Elhedery a potential successor. Industry experts and shareholders...

Benzinga

Twitter Considers Crypto Wallet, Geopolitical Woes To Keep Tesla Shares Volatile, Juul Explores Possible Bailout: Top Stories Tuesday, Oct. 25

Benzinga

Evening Standard

HSBC ditches finance chief as calls for windfall tax grow

HSBC today kicked off bank reporting season with a boom in profits that is likely to add to calls for a windfall tax on the sector – and revealed the surprise departure of number two executive Ewen Stevenson.

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