No Data
No Data
What's Going On With HSBC Holdings Stock Today?
Wall Street Stabilizes After Tech Slump, Driving Muted Premarket Action for Equity Futures
HSBC (00005.HK) will exit the mergers and acquisitions and Capital Markets business in the United Kingdom, Europe, and USA.
Foreign media reported that HSBC (00005.HK) is preparing to gradually reduce its merger and acquisition and equity capital markets business in Europe, the United Kingdom, and the USA, as it undergoes a broader reform of its Investment Banking Business. A spokesperson stated on Tuesday that as part of ongoing efforts to simplify HSBC and enhance its leadership in areas of strength, the bank is completing a review of its investment banking business. HSBC will maintain a more focused merger and acquisition and equity capital markets capability in Asia and the Middle East and will begin to gradually reduce its merger and acquisition and equity capital markets activities in the United Kingdom, Europe, and the USA, in accordance with local legal requirements. According to HSBC Holdings' interim report, as of...
HSBC Holdings will close some investment banking departments in Europe and the USA.
On January 28, according to Bloomberg, HSBC Holdings will gradually close certain investment Banking operations in Europe, the United Kingdom, and the Americas, as part of CEO Georges Elhedery's restructuring plan for the bank. According to an internal memo to employees, "We will retain a more focused M&A and equity Capital Markets capability in Asia and the Middle East, and we will seek to gradually reduce these operations in Europe, the United Kingdom, and the Americas."
Express News | HSBC stated that the updated TTF Henry Hub Natural Gas price forecast is $13.75 per million British thermal units for 2025 and $11.25 per million British thermal units for 2026.
Express News | The memorandum shows that HSBC will gradually reduce its Business of mergers and acquisitions and equity capital management in Europe, the United Kingdom, and the Americas.