The dream of an all-round HSBC investment bank has ended. From now on, reality means trying to stay relevant without equities ...

HSBC’s famous lion sculptures, known as Stephen and Stitt, were unveiled, partially restored in a ceremony this morning. “Stephen and Stitt have watched over HSBC’s main building for 85 years.

HSBC’s strategic retreat is a bold move, but it’s not without risks. The bank’s success will depend on its ability to execute ...