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?
HSBC on Monday downgraded U.S. equities, citing uncertainty around tariffs, while turned bullish on European stocks following boost from Germany loosening its fiscal reforms.
Max Kettner, HSBC chief multi-asset strategist, joins 'Money Movers' to discuss his outlook for the global economy, what could help equities move higher, and much more.
The year has started with a big rally for European stocks as the U.S. market struggles to remain above water. Now, HSBC strategists are changing their tune.
Canada's largest lender Royal Bank of Canada laid off some employees as a result of changes at its business segments following the C$13.5 billion acquisition of HSBC's domestic business last year, two sources with direct knowledge of the layoffs told Reuters. Some of the layoffs were at the technology and operations teams and began earlier this week, the sources said, requesting anonymity.