The bank said it was simplifying by splitting up into four key units, and geographically into East and West. This includes merging its commercial and institutional banking operations and creating a new international wealth and premier banking division. The other two units will comprise of a new UK business and a Hong Kong business.
It is also set to restructure across geographic lines with the formation of “Eastern markets”, which incorporates Asia and the Middle East, and “Western markets”, comprising of the UK, Europe and the Americas. The changes are set to take effect from 2025.
Denne historien er fra October 23, 2024-utgaven av The Independent.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra October 23, 2024-utgaven av The Independent.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
What can stop Verstappen winning fifth straight title?
It is rare that we learn fresh pieces of detail about drivers on the Formula One grid.
Mo' money, mo' goals - why Salah is worth the gamble
As clear and emphatic as Mohamed Salah’s words on Sunday were, something was still left unsaid.
Guardiola: 'It will be a bad season by our standards'
But after five losses in a row, Man City's manager is defiant
West Ham hit Newcastle on counter to ease pressure
Tomas Soucek and Aaron Wan-Bissaka combined to burst Newcastle’s bubble as West Ham handed under-pressure boss Julen Lopetegui breathing space with a priceless Premier League away win.
Flood-proofing homes now will prevent future misery
One thing most people would agree on: Britain urgently needs new homes.
Chancellor has gone from cosying up to confrontation
Rachel Reeves urgently needs a new script – and some pizzazz.
CBI boss warns Budget will mean fewer jobs are created
Half of UK companies will cut jobs and two-thirds will recruit fewer staff, according to the boss of the UK's top business lobby group.
Man who drugged wife in mass rape case should serve 20 years, say prosecutors
French prosecutors have sought a 20-year prison term for Dominique Pelicot, accusing him of facilitating the mass rape of his wife Gisele Pelicot by dozens of men, drugging her unconscious, and sharing pictures and videos of her sexual assault.
Thousands arrested at Khan protests as Pakistan capital put under police lockdown
Pakistani authorities arrested more than 4,000 supporters of Imran Khan, including five parliamentarians, ahead of a rally demanding the release of the former prime minister from prison, where he has been held for over a year.
One dead after DHL cargo plane crashes in Lithuania
A DHL cargo plane has crashed into a house near the Lithuanian capital, Vilnius, killing at least one of four people on board.
