HSBC poaches Citi veteran to lead Innovation Banking Banking HSBC has poached Citigroup veteran Emily Turner to be chief executive of its Innovation Banking arm, formerly known as Silicon Valley Bank UK. Turner is due to join the bank in February, subject to regulatory approval, succeeding Erin Platts – who will join investment firm Octopus Ventures in the new year. A 13-year veteran of [...]
HSBC chief Elhedery says no plans for Asia spin-off in global revamp Banking HSBC’s new chief executive has insisted his redrawing of the bank’s operations between East and West is not a precursor to the kind of break-up demanded by one of its biggest shareholders last year. Speaking after HSBC’s third-quarter results on Tuesday, Georges Elhedery said the main reason for his overhaul “is to make us a [...]
HSBC shares pop as bank beats profit estimates and launches $3bn buyback Banking HSBC has unveiled its latest share buyback after beating profit estimates in the third quarter as the Asia-focused bank gears up for a major restructuring.
HSBC: The questions investors want answered on Elhedery’s East-West split October 22, 2024 HSBC’s new chief executive has made his play to cut costs and home in on core divisions at Europe’s biggest bank, including splitting its businesses into Eastern and Western camps amid geopolitical tensions.
Who is Pam Kaur? Meet HSBC’s first female finance chief October 22, 2024 HSBC broke new ground today as Pam Kaur became the bank’s first female chief financial officer since its foundation in Hong Kong in 1865. The promotion will make Kaur one of the most senior women in global banking and hand her responsibility for slashing the bank’s cost base while shepherding it through a major corporate [...]
HSBC’s new boss unveils major restructuring October 22, 2024 HSBC's new boss has unveiled a sweeping overhaul of its global structure as Europe's biggest lender also appointed its first female finance chief.
Lendinvest taps Barclays, HSBC and BNP for £300m financing October 21, 2024 Lendinvest has renewed a £300m financing deal with Barclays, HSBC and France’s BNP Paribas as the property fintech looks to return to profitability. The AIM-listed firm said the revolving warehouse financing agreement, shared equally between the three banks, had been extended for an additional three years on what it called improved terms. LendInvest said the [...]
UK banks to post first results since interest rate cut October 20, 2024 Major UK banks are to reveal whether borrowers are benefiting from lower interest rates as they report third-quarter results over the next two weeks.
HSBC writes off stake in former UK fintech darling Monese October 1, 2024 HSBC has written off its holding in British fintech Monese just two years after taking a $35m stake in the firm.
HSBC considers naming first female CFO in bank’s 159-year history September 24, 2024 HSBC is reportedly considering naming its first female chief financial officer in its 159-year history, with Pam Kaur said to be a favourite for one of the top jobs at Europe's biggest bank.