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HSBC cuts investment banks in UK and Europe
HSBC plans biggest investment banking retrenchment in decades
By Sinead Cruise LONDON (Reuters) -HSBC plans to wind down its M&A and some equities businesses in Europe and the Americas, the bank said on Tuesday, accelerating a shift to Asia in its biggest retrenchment from investment banking in decades.
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 exit parts of investment banking business in UK, US and Europe
HSBC will shut key parts of its investment banking business in the UK, Europe and the Americas as part of chief executive Georges Elhedery’s plan to overhaul its operations.
3h
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 ...
GlobalData on MSN
1d
HSBC’s Zing shutdown a $150m innovation misstep, says GlobalData
The failed Zing initiative represents a cautionary tale about why some traditional banks struggle to innovate successfully ...
InvestmentNews
15h
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 ...
8h
HSBC Quits U.S., European Dealmaking and IPO Advisory
HSBC is pulling back on Wall Street. The London-based bank plans to stop advising companies on doing deals and going public in the U.S., the U.K. and continental Europe, according to a memo sent to ...
17h
on MSN
Exclusive-HSBC to wind down M&A and ECM capabilities in Europe, UK & Americas, memo shows
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 ...
1d
HSBC Workers Should Lose Bid for Wage Class Status, Judge Says
HSBC Bank USA NA personal bankers failed to meet certification requirements and the district court should block them from ...
19h
on MSN
HSBC raises DLF stock price target to INR1,050, maintains Buy
HSBC analyst Puneet Gulati increased the price target on DLF (NSE:DLF) Ltd. (DLFU:IN) shares to INR1,050, up from INR1,010, ...
5h
Canadian women's rugby 7s look to carry Perth momentum into HSBC SVNS Vancouver
Canada's women's sevens rugby team, fresh off a season-best fourth-place in Perth, Australia, will open against Brazil at ...
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Europe
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