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HSBC announces management reshuffle ahead of new strategy

HSBC has named Georges Elhedery and Greg Guyett as co-heads of the global banking and markets division, which contains the lender's troubled investment banking business, as part of a reshuffle under interim Chief Executive Noel Quinn.

Timeline: Saudi Aramco's winding road to an IPO

State-run oil giant Saudi Aramco has priced its initial public offering (IPO) at the top of its indicative range, making it the world's biggest flotation by raising more than Alibaba's $25 billion (£19.49 billion) listing in 2014.

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