HSBC plans to strengthen its IB operations in Asia and the Middle East to capitalize on a stronger competitive edge and generate quality revenues.
Max Kettner, chief multi-asset strategist at HSBC, says he is concerned there has been “too much broad-based damage in the survey and the soft data to just dismiss it as a one off,” as he explains the factors behind his downgrade of US equities. -------- More on Bloomberg Television and Markets Like this video?
HSBC Holdings PLC (LSE:HSBA) is doubling down on investment banking in Asia and the Middle East, after scaling back operations in Europe and the US, according to an interview with CEO Georges Elhedery on Bloomberg TV. The bank is targeting debt financing and M&A activity in Asia, and equity capital markets in the Gulf, following a sweeping overhaul aimed at sharpening its regional focus.
Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture.
Georges Elhedery, CEO of HSBC Holdings Plc, discusses the bank's restructuring initiative and its global strategy. Elhedery says HSBC has "great momentum" and expects to reallocate $1.5 billion in efficiencies into areas of growth and strength.
HSBC is considering outsourcing some of its fixed income trading order flow to a third-party firm, Bloomberg News reported on Monday, citing sources familiar with the matter.
To enhance operating efficiency and further streamline business, HSBC is in discussions with BlackFin to divest its German fund administration business.
HSBC has promoted Chito Jeyarajah as its head of investment banking in Asia, the latest key appointment at the Asia-focused bank amid its global investment banking overhaul.
Investors have been showing “remarkable enthusiasm” for the yen, HSBC said.
HSBC Holdings is in advanced talks to sell its German fund administration business to private-equity firm BlackFin Capital Partners, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.
Frederic Neumann of HSBC believes it will be hard to erode Indonesia's firm fiscal position, however markets there might continue to roil without an AI catalyst in a global tech-driven rally.
Investors interested in stocks from the Banks - Foreign sector have probably already heard of HSBC (HSBC) and Toronto-Dominion Bank (TD). But which of these two companies is the best option for those looking for undervalued stocks?