MARKETS
Germany’s Economy Struggling
While still the largest economy in the EU, Germany’s GDP has been shrinking over the past couple of years.
German manufacturing has been struggling and their energy sector is trying to navigate away from relying on Russian natural gas.
ON THE MOVE
HSBC Promotes Lisa McGeough
Amidst continuing restructuring, HSBC has promoted Lisa McGeough to be CEO for the USA.
McGeough, is co-head of global banking coverage, as the new CEO, she will drive the expansion of HSBC’s wholesale business in the US market.
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