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Evening Standard
Evening Standard
Anna Wise

HSBC announces overhaul with bank split into East and West

HSBC Georges Elhedery Susannah Streeter Hargreaves Lansdown
HSBC has unveiled an overhaul of its global structure (Anthony Devlin/PA) - (PA Archive)

HSBC has unveiled an overhaul of its global structure as new boss Georges Elhedery seeks to reduce costs and focus on the bank’s strongest divisions.

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

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