HSBC Holdings plc Sponsored ADR (HSBC)
HSBC in talks to sell South Africa unit to FirstRand, Bloomberg News reports
HSBC Holdings is in talks to sell its South African corporate banking business to a unit of FirstRand , the country's largest lender by market value, Bloomberg News reported on Friday, citing people with knowledge of the matter.
HSBC reviews Malta business for possible sale
HSBC has launched a strategic review of its Malta business, the British bank said in a stock exchange filing on the local bourse on Wednesday, in a process which often leads to the sale or disposal of the asset under review.
HSBC Seeks Larger Share of UK Wealth Business, To Hire More Bankers
HSBC is on a hiring spree to recruit hundreds of bankers to serve rich clients in the U.K. as it seeks a larger share of the region's wealth management market.
HSBC Mulls Over Segment Realignment as a Step Toward Cost Efficiency
HSBC contemplates realigning its Commercial Banking and Global Banking and Markets divisions to trim costs and improve operating efficiency.
HSBC Reportedly Considers Commercial-Investment Bank Merger
Banking giant HSBC is reportedly considering a merger of its commercial and investment bank operations. The plan is part of new CEO Georges Elhedery's effort to eliminate overlapping roles across the company and reduce expenses, Bloomberg reported Monday (Sept.
HSBC considering internal bank merger to cut jobs and costs
HSBC Holdings PLC (LSE:HSBA) is reportedly considering merging its commercial and investment banking divisions in a bid to cut costs. This would see overlapping roles axed, according to Bloomberg, in new chief executive Georges Elhedery's first major move since taking charge earlier this month.
HSBC weighs commercial, investment bank merger to shed costs, Bloomberg reports
HSBC is mulling the combination of its Commercial and Investment banking divisions to eliminate overlapping roles at the lender and cut costs, Bloomberg News reported on Monday, citing people familiar with the matter.
HSBC appoints Jo Miyake as interim CEO of global commercial banking -memo
HSBC has named Jo Miyake as interim CEO of its global commercial banking business, according to an internal memo seen by Reuters on Wednesday, in the latest of a series of appointments since new group CEO Georges Elhedery took charge.
New HSBC boss puts stress on cost control in first staff meeting
Georges Elhedery, the new boss of HSBC Holdings PLC (LSE:HSBA) has stated that cost control is his big priority, as he held his first 'town hall' company meeting since taking the role. HSBC's cost base is regularly questioned by banking analysts, who suggest it is higher than peers.
HSBC has edge over Standard Chartered in Asia-focused stakes, says US bank
HSBC Holdings PLC (LSE:HSBA) has a clear edge over Standard Chartered PLC (LSE:STAN) in the battle of the Asia-focused banks, which analysts at US bank Citi doubt can be made up. The banks have similar strategies, notes Citi, but HSBC seems better placed, with a more concentrated Asia footprint, a superior business mix, greater efficiencies and larger structural hedge.
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HSBC global sales head Allegra Berman leaving the bank, memo says
Allegra Berman, global head of institutional sales at HSBC, is leaving the bank at the end of September, according to an internal memo seen by Reuters on Tuesday.
