HSBC to Focus on Asia, Mideast After Exits

HSBC to Focus on Asia, Mideast After Exits

Good morning. HSBC plans to focus its investment banking operations on Asia and the Middle East. US Defense Secretary Pete Hegseth’s text messages show disdain for European allies. And Google is searching for an answer to ChatGPT. Listen to the day’s top stories.

OTP would expand in Malta. It has made an offer to buy HBSC's Maltese subsidiary, but there are still interested parties. The sale of HSBC's Maltese subsidiary has officially begun ... ...

Middle East’s $3trln economic diversification takes spotlight at HSBC’s Global Investment Summit

Experts from the Middle East joined over 3,500 delegates in Hong Kong at the summit.

HSBC Shifts Investment Banking Focus to Asia, Middle East Amid Global Restructuring - Fintech Singapore

HSBC Holdings plans to ramp up investment banking efforts in Asia and the Middle East following a strategic retreat from the US and Europe, CEO Georges Elhedery told Bloomberg Television. Georges Elhedery Elhedery, who took over in September, said the bank is reallocating US$1.5 billion in cost savings toward areas of growth. The focus includes strengthening debt and financing capabilities globally, while sharpening its presence in Middle Easter…

HSBC CEO expects to double down in Asia, Middle East after exits

HSBC Holdings expects to double down on investment banking operations Asia and the Middle East after exiting key business in Europe and the US, chief executive officer Georges Elhedery said in an interview with Bloomberg Television at an HSBC conference in Hong Kong.

HSBC appoints new Chief Operating Officer for Channel Islands and Isle of Man

HSBC has added to its senior leadership team with the appointment of Rachel Sault as Chief Operating Officer for the Channel Islands and Isle of Man. Based in Jersey, Rachel (pictured) will in her new role support the development and implementation of the Bank’s business strategy and key objectives across the islands, while also overseeing the day-to-day operational activities and ensuring operational resilience and integrity in Guernsey, Jersey…