HSBC scales back UK's investment banking arm

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.
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 scales back UK's investment banking arm as it looks to 'simplify' the business
Boss Georges Elhedery (pictured) is pressing ahead with an overhaul of the Asia-focused bank including a geographic split between East and West.
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 business units.
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 plans biggest investment banking retrenchment in decades, memo shows
HSBC is to wind down its M&A and equities businesses in Europe, Britain and the Americas, a staff memo showed on Tuesday, signalling its biggest retrenchment from investment banking in decades and an acceleration of its shift to Asia.
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 cuts investment banks in UK and Europe to focus on Asia
HSBC Holdings Plc, has announced plans to scale down its investment banking operations across Europe, the UK, and the Americas. Europe's largest banking group wants to concentrate its resources on Eastern markets,
HSBC plans its biggest investment banking retrenchment in decades
HSBC said on Tuesday that it will wind down its M&A and equities businesses in Europe, Britain and the Americas
Elhedery grasps the HSBC nettle
Now HSBC’s new chief executive, Georges Elhedery, seems to be heeding one of the tried and tested lessons of investment ...
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 ...
GlobalCapital22h
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 ...
InvestmentNews3d
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 ...
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 ...
Benzinga.com3d
What's Going On With HSBC Holdings Stock Today?
HSBC will shut down parts of its investment banking business in non-Asian markets, focusing on more scalable sectors.
InvestmentNews3d
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 ...
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 ...