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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.
15h
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 ...
GlobalData on MSN
23h
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
12h
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 ...
6h
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 ...
7h
What's Going On With HSBC Holdings Stock Today?
HSBC announces major cuts to its investment banking operations in the UK, Europe, and Americas, focusing on more profitable ...
13d
What's New With HSBC Stock?
This compares to rival Barclays (NYSE: BCS) stock which has gained almost 76% over the same period and JP Morgan (NYSE: JPM) ...
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 ...
17h
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, ...
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