Headline: HSBC to Unify Global Commercial and Investment Banking Operations

HSBC will merge its global commercial and investment banking operations. Additionally, it will establish a new international Wealth and Premier Banking unit and set up regional units in the West and East. CEO Georges Elhedery stated, "The new structure will result in a simpler, more dynamic, and agile organization as we remain focused on executing our unchanged strategic priorities." HSBC also announced the appointment of Pam Kaur as the new Chief Financial Officer.