HSBC to Lay Off Hundreds of Top Bankers to Achieve Cost Efficiency [Yahoo! Finance]
HSBC Holdings, plc. (HSBC)
US:NYSE Investor Relations:
hsbc.com/investor-relations
Company Research
Source: Yahoo! Finance
This was first reported by Bloomberg. Numerous managers in HSBC's recently established Corporate and Institutional Banking (CIB) division have been told to apply again for their jobs, with interviews already under the way. This process effectively puts senior staff from the corporate banking division in competition with those in the global banking and markets unit. As part of the revamp, HSBC will stop the use of general manager titles and will offer senior staff managing director titles instead. This revamp is part of the initiative orchestrated by the new CEO of HSBC, Georges Elhedery, who aims to achieve $300 million (£238 million) in cost-savings. From January 2025, HSBC will split its operations geographically between Eastern and Western markets. Further, the company will restructure its four distinct business lines, one of which is the CIB division. HSBC has been actively restructuring its operations to improve operating efficiency. The company's restructuring efforts
Show less
Read more
Impact Snapshot
Event Time:
HSBC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
HSBC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
HSBC alerts
High impacting HSBC Holdings, plc. news events
Weekly update
A roundup of the hottest topics
HSBC
News
- Bitcoin price target, US existing home sales data: Catalysts [Yahoo! Finance Canada]Yahoo! Finance Canada
- Bitcoin price target, US existing home sales data: Catalysts [Yahoo! Finance]Yahoo! Finance
- How Multicurrency Accounts Work – And Our Best Picks [Forbes]Forbes
- Early Repurchase(s) [Yahoo! Finance]Yahoo! Finance
- Early Repurchase(s) [Yahoo! Finance]Yahoo! Finance
HSBC
Sec Filings
- 11/21/24 - Form 6-K
- 11/20/24 - Form 6-K
- 11/19/24 - Form 8-A12B
- HSBC's page on the SEC website