HSBC’s investment banking division has been a global target for Elhedery’s cost reductions, with a series of layoffs having taken place in Hong Kong. Commercial and retail operations make up a ...

the people said staff at the vice president level and above at the investment banking unit who lost their jobs due to the restructuring did not receive bonuses. “It’s very unlike HSBC,” one ...

British banking giant HSBC fired a group of investment bankers on the day they were set to learn the size of their bonuses — and denied giving them their annual payout, according to a report.

HSBC is preparing a foray into the white-hot market for private credit, five sources with knowledge of the plans said, the ...

HSBC fired investment bankers on the day they were due to learn their bonus figures and gave no bonuses to many it let go, in a sign of how the bank is taking a more ruthless approach to costs ...

Investment and annuity products are offered by HSBC Securities (USA) Inc. (HSBC Securities), member NYSE/FINRA/SIPC. HSI is an affiliate of HSBC Bank USA, N.A. 4. Qualifying direct deposits are ...

The restructuring was announced earlier this year when HSBC told staff that the bank would be winding down some equities businesses, including equity underwriting in Europe and the Americas.

(Bloomberg) -- HSBC Holdings Plc expects to double down on its investment-banking operations in Asia and the Middle East after exiting key businesses in Europe and the US, Chief Executive Officer ...

Natwest has gained a whopping 100 per cent in the past year, Standard Chartered is up 95 per cent and Barclays has risen 79 per cent.