HSBC Holdings plc Sponsored ADR (HSBC)
HSBC Plans to Exit Parts of IB Units in U.K., Europe & U.S.
HSBC intends to wind down some parts of its IB units outside Asia to boost its focus on Asian markets and enhance profitability.
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 and senior Chinese officials that he spoke for all UK businesses present in hoping for stronger economic ties.
HSBC to cut back investment banking as new chief's blood-letting continues
HSBC Holdings PLC (LSE:HSBA) is to rein back its investment banking in the UK, Europe and North America under the next stage of new chief executive Georges Elhedery's restructuring plan. At the end of last year, HSBC announced a split into four operations divided geographically by east and west as part of US$3 billion in cost cuts.
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.
Dollar and gold rising together 'always a bad sign,' says HSBC analyst
However, the inverse relationship between the two "always reasserts itself" says James Steel, chief precious metals analyst at HSBC, with a soft dollar acting as a "real stabilizing force" for the gold market.
Exclusive: HSBC to wind down M&A and ECM capabilities in Europe, UK & Americas, memo shows
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 major shake-up of its investment banking operations, a memo showed on Tuesday.
Reports: HSBC Shuttering Cross-Border Payments App Zing
Just one year after its launch, HSBC's cross-border payments mobile app is no more. A Yahoo Finance report on Thursday (Jan.
HSBC kills off 'killer app' in boost for Wise, Revolut
HSBC Holdings PLC is reportedly set to pull the plug on what it hoped was a 'killer app' only a year after it was launched. According to a report by Financial News, the lender is said to be on the verge of informing staff, following what is said to have been a struggle with compliance functions.
HSBC's payments app closure puts around 400 jobs at risk, source says
HSBC has decided to shutter its international payments app Zing, potentially triggering around 400 job losses, a source familiar with the matter said, as CEO Georges Elhedery steps up cost-cutting efforts at Europe's largest bank.
HSBC Reportedly Weighing Sale of Australian Retail Banking Unit
HSBC is reportedly considering a sale of its Australian consumer banking operation. That's one of the options before the British banking giant as it tries to pare down its business, Bloomberg News reported Monday (Jan. 20), citing sources with knowledge of the matter.
Growth rates in India still very solid, says HSBC's Jose Rasco
Jose Rasco, HSBC Global Private Banking and Wealth Management Americas CIO, and Jim Paulsen, Paulsen Perspectives author, joins 'Closing Bell Overtime' to talk the day's market action.
Investor sentiment on Europe has never been so negative: HSBC Private Banking
Willem Sels, global chief investment officer of HSBC Global Private Banking and Wealth discusses his concerns on Europe and what the Euro-Dollar falling below parity would mean for markets.
