HSBC chief denies plot to break up bank amid growing East-West tensions

By Yahoo! Finance | Oct 29, 2024 at 05:55 AM EST

HSBC's CEO denies plans to split the bank amid geopolitical tensions. The restructuring aims to simplify operations, not divide the bank. The bank reported a 10% increase in third-quarter profits. CEO Elhedery plans to overhaul the bureaucratic structure.

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