Georges Elhedery, a 20-year veteran of HSBC, takes over as chief executive

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HSBC names new investment bank leadership as shake-up continues

Investment Banking Editor

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HSBC has unveiled a raft of senior changes to its key units as the UK lender continues to overhaul its business under new chief executive Georges Elhedery. 

The UK lender has installed Adam Bagshaw as global head of investment banking in a series of senior job shifts as Michael Roberts has unveiled his top team for HSBC’s new corporate and institutional banking business. 

Lisa McGeough, HSBC’s co-head of global banking coverage, will head up its US business as part of a raft of changes

Paul Clarke

Banking

Private markets in 2025 and Woodford’s claim he was ‘not in control’ over fund closure

Neil Woodford defiant over fund collapse: ‘I don’t think there’s anything I could have done’

Fund CEOs predict private markets M&A boom will spill over into 2025

Simpson Thacher hires Sidley Austin finance duo in London

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Leveraged finance lawyers are in high demand in London

Trading Places: EY names UK financial services head, BofA promotes 387 MDs

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Find out who is on the move in the City and beyond this week

Sidley Austin hires eighth Latham & Watkins partner in London

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Sidley has taken at least 18 lawyers from its US law firm rival in London

The Fed’s signal that it will cut rates less than expected complicates efforts by other central banks to manage their economies.

Bank of England Keeps Rates Steady After Fed Move

Palliser Capital doubled down on its call for a review of Rio Tinto’s dual listing in London and Sydney, adding that it now has the backing of more than 100 shareholders.

Activist Investor Widens Call for Review of Rio Tinto’s Dual-Listing

Activist Investor Palliser Capital Widens Call for Review of Rio Tinto’s Dual-Listing Status

In a 12-hour social-media barrage, the world’s richest man led a rebellion against a bill aimed at keeping the government funded.

Musk Draws First Blood With Spending Bill Bombshell 

Aides kept meetings short and controlled access, top advisers acted as go-betweens and public interactions became more scripted. The administration denied Biden has declined.

By Annie Linskey, Rebecca Ballhaus, Emily Glazer and Siobhan Hughes

How the White House Functioned With a Diminished Biden in Charge

Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

European Indexes Fall on Slower U.S. Rate Cut Projections

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