HSBC’s Longshot Dream of Rivaling Wall Street Comes to an End
For years HSBC Holdings Plc harbored dreams of becoming a major player on Wall Street and in the City of London. This week, ...
InvestmentNews1d
Leaked HSBC memo shows bank making huge cuts in UK and US to focus on Asia
HSBC’s decision to exit the M&A and ECM markets outside Asia is seen as a blow to London’s reputation as a global hub for ...
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 ...
UK faces gold shortage as traders send $82B to New York in anticipation of Trump tariffs
People can’t get their hands on gold because so much has been shipped to New York, and the rest is stuck in the queue,” one ...
InvestmentNews2d
HSBC can't compete with Wall Street giants, plans scale-back
HSBC lacks the scale in New York, London or continental Europe to compete against Wall Street giants, and the move is aimed ...
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 ...
HSBC: business banking services 'winding down' across the UK - investment and intermediaries affected
A major UK-based bank is set to scale back certain parts of its banking operations in the UK, Europe, and the Americas as ...