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HSBC cuts investment banks in UK and Europe
HSBC plans biggest investment banking retrenchment in decades
By Sinead Cruise LONDON (Reuters) -HSBC plans to wind down its M&A and some equities businesses in Europe and the Americas, the bank said on Tuesday, accelerating a shift to Asia in its biggest retrenchment from investment banking in decades.
HSBC to Shutter Some Investment Banking Units in Europe, US
HSBC Holdings Plc will wind down some of its investment banking operations in Europe, the UK and the Americas in the latest sign that Chief Executive Officer Georges Elhedery is willing to be ruthless in his ongoing restructuring of the bank.
HSBC to exit parts of investment banking business in UK, US and Europe
HSBC will shut key parts of its investment banking business in the UK, Europe and the Americas as part of chief executive Georges Elhedery’s plan to overhaul its operations.
7d
Meet the future leaders of Goldman Sachs' investment bank
Inside the careers, accomplishments, and clients of Goldman's new heads of investment banking: Kim Posnett, Matt McClure, and ...
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GEM Announces Matt Bank as Next CIO
Outsourced chief investment officer provider GEM Investments has officially named Matt Bank co-CIO of its $12 billion ...
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Development Banks Have $56-Billion Plan to Boost Africa’s Access to Electricity
International lenders have pledged an additional $8 billion to support a $48 billion World Bank and African Development Bank ...
Business Daily Africa
1d
Fund managers beat investment banks in accumulated net assets
The growth of fund managers has been attributed to the increased appeal of collective investment schemes or unit trusts ...
1d
Scottish state bank risks missing 2030 investment target
The Scottish National Investment Bank is at risk of missing its target of investing £2bn by the end of the decade by a fifth, after the government scaled back funding for the lender this year.
1d
European banks may find it tough to repeat strong end-of-year performance
European banks are expected to report a sharp rise in profits for the final three months of last year, helped by still-robust ...
1d
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 ...
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