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PARIS, Sept. 05, 2024 (GLOBE NEWSWIRE) -- PKO Bank Polski S.A.
HSBC has named Jo Miyake as interim CEO of its global commercial banking business, according to an internal memo seen by Reuters on Wednesday, in the latest of a series of appointments since new group CEO Georges Elhedery took charge.
Georges Elhedery, the new boss of HSBC Holdings PLC (LSE:HSBA) has stated that cost control is his big priority, as he held his first 'town hall' company meeting since taking the role. HSBC's cost base is regularly questioned by banking analysts, who suggest it is higher than peers.
PARIS, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Bankinter S.A.
Deep-value stocks often have some of the highest yields available in the world of equities. Sometimes stocks with low multiples are beaten down for a reason, but other times true deep value dividend opportunities emerge. There are currently many deep value opportunities to be found in foreign financials as well as in energy, regardless of whether U.S. or foreign.
Allegra Berman, global head of institutional sales at HSBC, is leaving the bank at the end of September, according to an internal memo seen by Reuters on Tuesday.
UK banks are still in favour with UK bank Citi after the latest chunk of Bank of England mortgage data. Indeed, the only negative Citi can find is an uptick in the deposit-mix shift, but even here there is lower than last year it says and deposit activity overall is stable.
Pranjul Bhandari, chief India economist at HSBC, gives her take on what sectors to keep an eye on in India and believes that while core inflation is currently below target, the Reserve Bank of India will only cut rates by December 2024 when the more sensitive food inflation moderates due to improving weather conditions.
HSBC's incoming CEO plans to trim middle management jobs to streamline operations,, improve efficiency and reduce costs.
HSBC unveiled sweeping management changes — including the departure of three top executives — as incoming Chief Executive Officer Georges Elhedery prepares to take the reins in the coming days. Nuno Matos, global head of wealth and personal banking, is stepping down to pursue other opportunities after nine years with the lender, according to a statement.