HSBC to exit M&A and capital markets businesses in UK, Europe and the U.S.

Published On Jan 28, 2025, 5:39 AM

HSBC has announced plans to wind down its mergers & acquisitions (M&A) and equity capital markets businesses in the UK, Europe, and the United States as part of a broader restructuring aimed at simplifying its investment banking operations. The bank will focus its M&A and equity capital market efforts predominantly in Asia and the Middle East, where it sees more strengths. This shift comes amid efforts by the CEO to cut costs and manage the impacts of changing monetary policies, particularly as European interest rates begin to relax. HSBC's recent performance showed significant profits, but the bank is likely to face challenges ahead as it moves forward with its restructuring.