HSBC chief Elhedery says no plans for Asia spin-off in global revamp

HSBC’s new chief executive has insisted his redrawing of the bank’s operations between East and West are not a precursor to the kind of break-up demanded by one of its biggest shareholders last year. Speaking after HSBC’s third-quarter results on Tuesday, Georges Elhedery said the main reason for his overhaul “is to make us a [...]