The latest news about Bill Winters

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HSBC Restructures Under New CEO

HSBC's new CEO, Georges Elhedery, has announced a significant restructuring plan, dividing the bank into four key units and establishing geographical divisions to enhance efficiency and navigate geopolitical tensions. The changes will take effect on January 1, 2025, and include the appointment of Pam Kaur as the first female CFO.

Standard Chartered Reports Strong Q3 Profits

Standard Chartered has reported a 37% increase in underlying pre-tax profits for Q3 2024, reaching $1.81 billion. The bank has raised its full-year operating income growth forecast to nearly 10% and plans to double investments in its wealth management sector, while also restructuring its retail business.