HSBC: HSBC Shifts Investment Banking Focus to Asia, Middle East Amid Global Restructuring

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. 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 [...]The post HSBC Shifts Investment Banking Focus to Asia, Middle East Amid Global Restructuring appeared first on Fintech Singapore.