HSBC's Transformation: Streamlining Operations for Agility and Focus

HSBC CEO Georges Elhedery signals the bank's extensive overhaul is nearing completion despite a drop in annual profits, positioning it as a more focused, responsive institution for a rapidly evolving world.

HSBC, Europe's largest lender, is undergoing a significant transformation under the leadership of CEO Georges Elhedery, who took over the reins in 2024. Despite a slide in annual profits, Elhedery has signaled that the bank's extensive overhaul is nearing completion, positioning HSBC as a

HSBC's Transformation: Simplified, Agile Bank Ready for the Future

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