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Report: HSBC reshuffles i-bank management as part of restructuring

Jun 07, 2016 - SNL European Financials Daily
Board and Executive Moves

HSBC Holdings Plc is streamlining its investment banking operations as it aims to cut costs, merging teams to form a corporate, financials and multinationals banking unit, an internal memo showed June 6.

The changes follow up on the bank's decision to combine its capital financing and global banking divisions in February and are the latest in a series of restructurings by European investment banks, which have cut back their activities under pressure from higher capital requirements and low...