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The bank’s market share in the fees pot reached 1.5 per cent, mostly thanks to the revenues from its debt financing business, the data show. It’s unclear how many roles will be cut as a result of ...

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HONG KONG – HSBC Holdings will wind down some of its investment banking operations in Europe, Britain and the Americas as part of chief executive Georges Elhedery’s ongoing restructuring.

The bank has not shared details on cost savings or job cuts. The risk for HSBC is that firing rainmakers and equity fundraising bankers in the West could prompt some of its highest-flying ...

Analysts at that time questioned the scale of savings Elhedery could achieve and which parts of the bank would be affected, given the years of restructuring his predecessors had attempted and the bank ...