The Latest Breaking News from Georges Elhedery

The banking group said it will reduce its global staff costs by around 8% under the overhaul.

A jump in UK inflation to a 10-month high of 3% today dealt a blow to hopes of early further interest rate cuts.

Planned overhaul would see Georges Elhedery’s salary cut, with bonuses potentially raising maximum pay by 43%

Georges Elhedery has overseen a significant shake-up of the London-based firm since taking over as chief executive last September.

The bank’s chief executive has instigated a series of changes since stepping into the role last year.

Aimed at those with £100,000 to £2m, service in Mayfair will offer personalised banking and exclusive events

The banking giant said it is ‘moving at pace’ with a major restructuring announced last week.

London-headquartered bank says profits beat forecasts as it prepares to split eastern and western operations

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.