HSBC has increased its provision for expected credit losses in Hong Kong by US$400 million because of the protests that have forced the economy into a technical recession in the third quarter. Photo: Bloomberg
HSBC shuffles senior management as interim CEO Noel Quinn makes his mark on the bank
- Marc Moses, chief risk officer and a director, one of three senior executives to retire or move within the bank
- Georges Elhedery and Greg Guyett will become co-heads of HSBC’s investment bank
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HSBC
HSBC has increased its provision for expected credit losses in Hong Kong by US$400 million because of the protests that have forced the economy into a technical recession in the third quarter. Photo: Bloomberg