HSBC scales back UK's investment banking arm

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.
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 scales back UK's investment banking arm as it looks to 'simplify' the business
Boss Georges Elhedery (pictured) is pressing ahead with an overhaul of the Asia-focused bank including a geographic split between East and West.
HSBC plans its biggest investment banking retrenchment in decades
HSBC said on Tuesday that it will wind down its M&A and equities businesses in Europe, Britain and the Americas
HSBC to scale down investment banking in Europe, UK and Americas
HSBC Holdings Plc (LON:HSBA) is set to scale down its investment banking operations in certain regions as part of an ongoing restructuring process led by CEO Georges Elhedery. The bank will cease providing equity underwriting and advisory services in Europe,
HSBC cuts investment banks in UK and Europe to focus on Asia
HSBC Holdings Plc, has announced plans to scale down its investment banking operations across Europe, the UK, and the Americas. Europe's largest banking group wants to concentrate its resources on Eastern markets,
Deutsche Bank’s Heavier Costs Drag Shares Despite Investment Bank Strength
The lender’s better-than-expected performance in investment banking was overshadowed by a drop in profit and shares slumped ...
Wells Fargo's co-CEO of investment banking Jon Weiss to step down
Wells Fargo's co-CEO of corporate and investment banking (CIB), Jon Weiss, has informed the bank of his intention to retire ...
Wells Fargo Co-CEO of Corporate, Investment Banking Jon Weiss to Retire
Wells Fargo said Jon Weiss is retiring as co-chief executive of corporate and investment banking, leaving former JPMorgan Chase executive Fernando Rivas as the sole chief of the bank's Wall Street ...
bankingdive4h
Wells Fargo investment bank co-CEO to retire
Jon Weiss, who led the unit with Fernando Rivas, will step down and Rivas will become the sole CEO of the lender’s corporate ...
The Economist11h
Giorgia Meloni has grand banking ambitions
In contrast, Ms Meloni is the leader of a nationalist party with protectionist instincts. â–  For more expert analysis of the ...
Deutsche Bank Posts Weaker-Than-Expected Profit and Ditches 2025 Cost Target
The bank on Thursday ditched its closely watched cost target for 2025, saying it wanted to make investments in business. It ...
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 ...
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, ...
HSBC plans biggest investment banking retrenchment in decades
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 ...