trending Market Intelligence /marketintelligence/en/news-insights/trending/ZJFuSAongcQ_kJnCrS1PxQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: HSBC may scale back equities operations in Europe, US

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go


Report: HSBC may scale back equities operations in Europe, US

HSBC Holdings PLC is thinking of partially scaling back its equities sales and trading units in France, Germany, the U.K. and the U.S., as part of interim CEO Noel Quinn's plan to reduce costs across the group, people familiar with the matter told Bloomberg News.

The review of the operations could result in roughly 45 staff redundancies in New York, but the bank's Asian equities division will not be affected, according to the sources.

The British lender's global equities division recorded $1.2 billion in revenue in 2018, down by $76 million from a year earlier, according to the newswire. The equities unit is part of HSBC's global banking and markets business, which itself has seen cuts across several divisions.

HSBC, which generates most of its revenues in the Asia-Pacific region, was reported to be laying off up to 10,000 jobs across the lender as part of Quinn's new cost cutting strategy. Quinn is eager to keep his role on a permanent basis and even informed Chairman Mark Tucker of his intentions in August.

Earlier in the week, sources told Reuters that the London-based banking group mandated U.S.-based investment bank Lazard Ltd. to launch a sale process for its retail division in France.