HSBC investors back CEO's investment banking retrenchment
Once a sprawling bank spanning more than 100 countries, HSBC has spent the last decade slowly shrinking its global footprint and exiting low-return businesses.
HSBC Investors Back Investment Bank Cuts Amid Shifting Market Priorities
HSBC investors have backed CEO George Elhedery’s investment bank cuts as focus shifts to Asia amid geopolitical and market pressures.
HSBC Investors Support Investment Bank Cuts Amid Strategic Shift to Asia
HSBC investors are backing CEO George Elhederys decision to shut parts of its investment bank in the Americas and Europe, aligning with the banks strategic focus on Asia. Four shareholders, including two of HSBCs top
HSBC investment bank job cuts to start in Asia next week-report
The redundancies will be staggered over several weeks and months, based on performance and to streamline operations.
Four HSBC investors back CEO plan to cut down in West, focus on Asia
Four shareholders, including two of the 20 largest, said last month's decision to axe HSBC's mergers and equity capital markets teams in the Americas and Europe made sense as the bank focuses on its strongest franchises in its core Asian markets.
HSBC Prepares New Round of Investment Bank Job Cuts
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Today could be the last day at HSBC for some investment bankers at Europe’s largest lender.
HSBC to shed more jobs after £1.2bn cost-cutting
HSBC told Bloomberg it was 'focused on increasing leadership and market share in the areas where it has the greatest opportunities to grow'. The bank said in October it would combine some commercial and investment banking businesses,
HSBC set to unveil bigger profits as investors prepare for update on cost-cutting
HSBC is set to unveil bigger profits as investors prepare for an update on the bank’s cost-cutting overhaul, while earnings ...
HSBC lifts SBI Cards stock rating to buy, target to INR1,000
HSBC analysts upgraded SBI Cards and Payment Services (SBICARD:IN) stock rating from Hold to Buy, significantly raising the price target to INR1,000 from INR560. The upgrade comes with a detailed ...
HSBC to unveil $1.5 billion of annual cost savings on February 19, FT reports
HSBC is preparing to report $1.5 billion of annual cost savings from the changes implemented under its broad restructuring ...
HSBC, Standard Chartered may post bumper 2024 profits this week, helped by wealth demand
Both lenders may announce a new round of share buy-backs, with HSBC at US$2 billion and Standard Chartered at US$1 billion, ...
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HSBC lays off about 40 bankers in Hong Kong
HSBC Holdings is letting go of almost 40 investment bankers in Hong Kong, including four managing directors, according to ...
J.P. Morgan Sticks to Its Hold Rating for HSBC Holdings (HSBA)
J.P. Morgan analyst Kian Abouhossein maintained a Hold rating on HSBC Holdings (HSBA – Research Report) today and set a price target of £7.80.
HSBC UK supports MBO at Design and Display Limited
A West Yorkshire-based joinery manufacturer is set to expand into new markets and create jobs following a change in ownership ...
HSBC India TravelOne Credit Card: From eligibility to rewards; all you need to know
HSBC Bank has launched the India TravelOne Credit Card, targeting travelers. Eligibility includes Indian residents aged 18-65 ...