All articles tagged with #banking restructuring
Vis Raghavan's strategic move to Citigroup has revitalized its investment banking division, positioning him as a potential successor to CEO Jane Fraser, amid significant restructuring and hiring efforts that have boosted the bank's dealmaking performance and market share.
HSBC's first-half profit fell 26% to $15.8 billion due to impairments from its stake in China's Bank of Communications and exposure to Hong Kong real estate, with the bank warning of potential future profit misses amid US trade tensions and ongoing restructuring efforts.
HSBC's longtime chair Sir Mark Tucker will step down in September to become non-executive chair of insurer AIA, after nearly eight years at HSBC, where he has overseen significant restructuring efforts. Brendan Nelson will serve as interim chair during the search for a permanent replacement. Tucker, a former CEO of AIA and Prudential, will serve as a strategic adviser to HSBC during this transition.