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, ...
Analysis-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 ...
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HSBC’s Zing shutdown a $150m innovation misstep, says GlobalData
The failed Zing initiative represents a cautionary tale about why some traditional banks struggle to innovate successfully ...
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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 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 ...
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HSBC sunsets year-old app Zing
The money transfer app, launched with initial plans to compete in the U.K. with fintechs like Wise and Remitly, will be ...
HSBC admits defeat
Plus, Brighthouse Financial considers a sale as asset managers clamour for insurers and Golden Goose lands a non-IPO deal ...
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HSBC eyes Asia triumph with MENA investment banking wins
According to LSEG data, HSBC earned the most investment banking fees in MENA during 2024, a total of $107.3mln, or a 7% share ...
HSBC is thinking globally, but acting locally, to build 'Innovation Banking' from the Bay Area
Buying the U.K. operations of SVB for barely $1 gave HSBC a toehold for its startup banking ambitions Silicon Valley Bank’s ...