HSBC scales back UK's investment banking arm

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 dream of an all-round HSBC investment bank has ended. From now on, reality means trying to stay relevant without equities ...
Back in October, the bank unveiled plans for a new geographic setup and set out to consolidate its operations into four ...
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 ...
You might like HSBC Bank (Member FDIC) if you can keep $100,000 in bank/investment accounts, receive $5,000 in direct deposits each month, or have an HSBC U.S.-based residential mortgage ...
HSBC will shut down parts of its investment banking business in non-Asian markets, focusing on more scalable sectors.
HSBC lacks the scale in New York, London or continental Europe to compete against Wall Street giants, and the move is aimed ...