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Why Is HSBC Planning the Biggest Investment Banking Retrenchment in Decades?
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Subscribe31 JAN 2025 / FINANCE
HSBC is dramatically reducing its investment banking operations in the West, including in the M&A advisory and equity businesses. The pivot, led by CEO Georges Elhedery, is a strategic move to focus more on Asia and the Middle East, based on higher growth rates, opportunity for cost savings, and the struggles faced in the Western market due to regulatory constraints and competition. The move signals a shift in global finance dynamics, with potential impacts on the employment market and could set a precedent for other banks.
HSBC is making headlines for all the wrong reasons, at least if you’re an investment banker in the West. The British banking giant is tapping out of mergers and acquisitions (M&A) advisory and some equity businesses in the U.S., UK, and parts of Europ...
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