HSBC is scaling back its M&A and equity capital markets businesses in Europe, the UK, and the US as part of a broader restructuring effort led by CEO Georges Elhedery. The bank will maintain a focus on these areas in Asia and the Middle East. This move is part of HSBC's ongoing strategy to simplify operations and cut costs.
The bank is preparing to wind down its M&A and equity capital markets businesses in Europe, the U.K. and the U.S.
"As part of our ongoing efforts to simplify HSBC and increase leadership in our areas of strength, we are finalising a review of our Investment Banking business," a spokesperson said Tuesday. The news comes as HSBC CEO Georges Elhedery, who stepped into the leadership role last year, embarks the lender on a broader overhaul targeting cost-cutting efforts.is preparing to wind down its M&A and equity capital markets businesses in Europe, the U.K. and the U.S. amid a broader overhaul of its investment banking operations.
HSBC Investment Banking Restructuring M&A Cost-Cutting
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