HSBC boss signals overhaul of bank is almost over despite drop in profits

Lender ‘becoming a simple, more agile, focused bank built for a fast-changing world’, says Georges Elhedery

The chief executive of HSBC has signalled that his planned overhaul of Europe’s largest lender is drawing to a close despite a slide in annual profits.

The bank’s chief executive, Georges Elhedery – who took over in 2024 – said it was “becoming a simple, more agile, focused bank built for a fast-changing world”.