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 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 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 ...
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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 ...
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Going local: HSBC takes the knife to ECM and M&A
The big question with closing ECM and M&A advisory in Europe and the Americas is what synergies could be lost for the rest of ...
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HSBC’s new IB plan: retreat to go forward
The dream of an all-round HSBC investment bank has ended. From now on, reality means trying to stay relevant without equities ...
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 ...
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 ...
The Edge Singapore3d
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 ...
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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 ...
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For nearly 80 years, HSBC Trustee has been helping families preserve wealth and legacy
an estimated US$5.8 trillion is expected to be transferred to the next generations in the Asia-Pacific region by 2030. However, the 2024 HSBC Global Entrepreneurial Wealth Report reveals that 66 ...
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HSBC’s New Flagship Wealth Centre Is Elevating Financial Excellence In Malaysia
Discover a bespoke wealth management experience at the heart of Kuala Lumpur's financial district with HSBC newly launched ...