{"id":119682,"date":"2024-10-29T12:56:53","date_gmt":"2024-10-29T05:56:53","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=119682"},"modified":"2024-10-29T12:56:53","modified_gmt":"2024-10-29T05:56:53","slug":"hsbc-profits-jump-as-banking-giant-set-for-major-shakeup","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=119682","title":{"rendered":"HSBC profits jump as banking giant set for major shakeup"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">HSBC has seen its quarterly profits jump by 10% as the UK-based banking giant embarks on one of the biggest shakeups in its 159-year history.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The firm said its pre-tax profits rose to $8.5bn (\u00a36.6bn) in the three months to the end of September, beating analysts&#8217; expectations.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">It comes just days after HSBC&#8217;s new boss announced a major overhaul of the company.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The firm will be split geographically into eastern and western markets amid increasing geopolitical tensions and a need to cut costs.<!-- --><\/p>\n<\/div>\n<div data-component=\"text-block\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">HSBC&#8217;s new chief executive, Georges Elhedery, said that implementation of the plans will &#8220;begin immediately&#8221; and promised to share more details alongside the bank&#8217;s full-year results in February.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">\u201cWe delivered another good quarter, which shows that our strategy is working,&#8221; Mr  Elhedery added.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The bank also said it will buy back another $3bn of its own shares.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">\u201cHSBC\u2019s third-quarter results were solid, with no major surprises,&#8221; said Michael Makdad is a senior equity analyst at financial services firm Morningstar.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">&#8220;Rather than the generally good results, I think the focus&#8230; will be on the structural overhaul&#8221;.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">HSBC has also recently announced a reshuffle of its leadership, with the appointment of Pam Kaur as its first ever female finance chief.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Ms Kaur has worked at the bank for more than a decade and is currently its chief risk and compliance officer.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">As well as becoming HSBC&#8217;s chief financial officer, Ms Kaur will take up the role of executive director of the board, which is subject to election at the firm&#8217;s next annual general meeting.<!-- --><\/p>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/cgj761wz3j6o\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>HSBC has seen its quarterly profits jump by 10% as the UK-based banking giant embarks on one of the biggest shakeups in its 159-year history. The firm said its pre-tax &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=119682\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-119682","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/119682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=119682"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/119682\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=119682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=119682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=119682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}