HSBC shifts investment banking to Asia, pulls back in West
LONDON -- U.K.-based financial services company HSBC Holdings is forging ahead with a restructuring plan that will downsize its investment banking business in Europe and the Americas and accelerate a shift to Asia, Nikkei has learned.
HSBC Cuts Investment Banking Operations in EU and US — Retreat to Fuel Asian Expansion
HSBC is set to cut its investment banking operations in EU and U.S. markets. The U.K.-based bank will instead focus more on its Asian markets.
HSBC to Shutter Some Investment Banking Units in Europe, US
HSBC Holdings Plc will wind down some of its investment banking operations in Europe, the UK and the Americas in the latest sign that Chief Executive Officer Georges Elhedery is willing to be ruthless in his ongoing restructuring of the bank.
HSBC to scale down investment banking in Europe, UK and Americas
HSBC Holdings Plc (LON:HSBA) is set to scale down its investment banking operations in certain regions as part of an ongoing restructuring process led by CEO Georges Elhedery. The bank will cease providing equity underwriting and advisory services in Europe,
HSBC to exit M&A and equities businesses in UK, Europe & U.S.
HSBC (NYSE:HSBC) is set to wind down its mergers and acquisitions and equity capital markets businesses in Europe, the UK, and the U.S. as part of a significant restructuring strategy, Reuters reported,
HSBC's global brand in the balance as it doubles down on Asia bet
HSBC Chairman Mark Tucker leaned into the microphone at a vast conference table in Beijing, telling British business leaders ...
InvestmentNews2d
Leaked HSBC memo shows bank making huge cuts in UK and US to focus on Asia
HSBC’s decision to exit the M&A and ECM markets outside Asia is seen as a blow to London’s reputation as a global hub for ...
The Independent Singapore11h
HSBC’s high-stakes gamble: The future of banking in Asia
ASIA: In a significant realignment, HSBC has announced its decision to scale down its mergers and acquisitions (M&A) and ...
Arabian Post on MSN14h
HSBC Strengthens MENA Footprint for Asia Expansion
HSBC is focusing on enhancing its presence in Asia, leveraging strong growth from its Middle East and North Africa investment ...
HSBC plans biggest investment banking retrenchment in decades
HSBC is preparing to wind down its M&A and equity capital markets businesses in Europe, the UK and the Americas as part of a ...
The Edge Singapore2d
Asia requires ‘wisdom, charm and a strong intuition’ to navigate Snake Year: HSBC
HSBC is “underweight” Singapore equities, given its strong performance in 2024. The banks are likely to see their earnings ...
HSBC to exit M&A and capital markets businesses in UK, Europe and the U.S.
Back in October, the bank unveiled plans for a new geographic setup and set out to consolidate its operations into four ...
InvestmentNews2d
HSBC can't compete with Wall Street giants, plans scale-back
HSBC lacks the scale in New York, London or continental Europe to compete against Wall Street giants, and the move is aimed ...
HSBC’s Strategic Retreat: A Bold Pivot or a Risky Gambit?
HSBC’s strategic retreat is a bold move, but it’s not without risks. The bank’s success will depend on its ability to execute ...