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HSBC investors back CEO's investment banking retrenchment

Investors in HSBC support management's decision to close certain investment banking teams to prioritize core Asian markets, according to four shareholders, including two of the largest.
Pressure is increasing on CEO George Elhedery to redirect capital into Asian economies due to U.S. Tariffs impacting HSBC's earnings power.
Analysts expect HSBC's full-year profit to be $31.6 billion, showing little change following a significant jump to $30.3 billion in 2023.
Sajeer Ahmed, global equities portfolio manager at Aegon Asset Management, noted that HSBC's management is focusing on achieving a sustainable return on tangible equity of around 16%.

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U.S. News

HSBC Investors Back CEO's Investment Banking Retrenchment

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5 days ago·New York, United States

HSBC investors back CEO’s investment banking retrenchment

Four shareholders said the decision makes sense as HSBC focuses on its strongest franchises in Asian markets

5 days ago·Canada

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overpassesforamerica.com

HSBC investors back CEO's investment banking retrenchment - Overpasses For America

Latest By Sinead Cruise, Lawrence White and Selena Li HSBC investors back CEO's investment banking retrenchment

HSBC investors back CEO's investment banking retrenchment

Once a sprawling bank spanning more than 100 countries, HSBC has spent the last decade slowly shrinking its global footprint and exiting low-return businesses.

5 days ago·United Kingdom

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business-live.co.uk

HSBC shares hit 20-year high ahead of results as bank 'to start job

The bank's share price hit 894.70p immediately after the market opened, which was its highest level since 2001

3 days ago·London, United Kingdom

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finews.asia

HSBC to Unveil Accelerated Asia Pivot

London-headquartered HSBC is set to announce its annual results on Wednesday this week. Further details about its strategy are expected to be unveiled, including an accelerated pivot to Asia. On February 19, HSBC will report its full-year financial results for 2024. The bank previously said it would provide further details on its ongoing overhaul, which has seen a global restructuring and job cuts. According to a «Financial Times» report, $1.5 b…

5 days ago

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