HSBC, a global banking and financial services organization, has announced plans to streamline its business units into four core divisions. The move aims to simplify operations and improve efficiency. Additionally, the company has appointed a new Chief Financial Officer (CFO) to lead the transformation efforts.

This development comes as part of HSBC's ongoing efforts to adapt to changing market conditions and technological advancements in the financial sector.

Source: https://www.bloomberg.com/news/articles/2024-10-22/hsbc-streamlines-business-units-into-four-names-new-cfo