HSBC cuts investment banks in UK and Europe

The dream of an all-round HSBC investment bank has ended. From now on, reality means trying to stay relevant without equities ...
Now HSBC’s new chief executive, Georges Elhedery, seems to be heeding one of the tried and tested lessons of investment ...
HSBC Chairman Mark Tucker leaned into the microphone at a vast conference table in Beijing, telling British business leaders ...
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 ...
HSBC will shut down parts of its investment banking business in non-Asian markets, focusing on more scalable sectors.
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 ...
HSBC lacks the scale in New York, London or continental Europe to compete against Wall Street giants, and the move is aimed ...