According to a leaked internal staff memo sent today, HSBC is scaling back its investment banking operations in the UK, Europe, and the Americas as part of CEO Georges Elhedery’s restructuring plan to ...

HSBC’s exit from ECM and M&A in Western markets wasn’t a surprise. The bank said its activities in those markets cost it around US$300m a year and were not materially profitable. So a straightforward ...

LONDON, April 2 (Reuters) - HSBC's investment bank unit is to direct its focus on emerging markets and financing in the coming years, pulling back from its plan to take on Wall Street's biggest banks ...

A former HSBC Holdings Plc US investment banking associate sued the bank, claiming he faced discrimination over his Jewish faith and his desire to take parental leave, then was fired after he ...

LONDON (Reuters) - HSBC Holdings said first quarter profits were "well ahead" of last year, swelled by record results in its investment bank and resilience in Asia, but would have been down without ...

Results index If you wanted to identify the moment HSBC became an unarguable candidate for the best investment bank in Asia award, it was when the bank was mandated on the devilishly sensitive ...

The October 2000 privatization of Hong Kong's Mass Transit Railway Corporation (MTRC) and the company's subsequent blow-out $600 million 10-year global note issue served notice, if any were needed, ...

This step comes as part of QNB’s strategy to tap new sources of stable funding from new markets with digitally innovative ...

HONG KONG/LONDON (Reuters) -HSBC merged some operations and split its geographic footprint into East and West in a sweeping restructuring under new CEO Georges Elhedery that also included the ...

HSBC Holdings PLC HSBC and Barclays PLC BCS are two prominent foreign banks based in London that have been streamlining their operations to enhance efficiency and focus on core businesses. While both ...

HSBC will shut down parts of its investment banking business in non-Asian markets, focusing on more scalable sectors. CEO Elhedery’s restructuring aims to streamline operations, with investment ...

HSBC terminated investment bankers on the same day they were supposed to find out how much their bonuses were to be for 2024 and didn’t give payouts to many that were fired, the Financial Times ...