HSBC is set to shut down its U.S. business banking portfolio as it refocuses on operations in Asia and the Middle East.

The bank will close a division that serves over 4,000 clients HSBC will exit a business that serves small and midsize US companies as part of its strategic overhaul to simplify operations and focus on ...

HSBC's exit from Russia has been on the cards since February, when Russian President Vladimir Putin gave approval for the asset sale to privately ... ownership of the business to the Russian ...

The sale is expected to lead to a $1 billion ... group is coming good on its plans to streamline.” Meanwhile, HSBC’s China business is also hurting its earnings. The bank reported a big ...

HSBC Holdings (HSBA.L), opens new tab is currently exploring a sale of its South Africa businesses, Bloomberg News reported on Tuesday, as the once globe-spanning company continues to move its ...

HSBC Holdings Plc is considering a potential sale of its French life insurance business, about a year after handing over its local retail banking network to Cerberus Capital Management ...

Its retail and business banking units in Mauritius were acquired by Absa Group last month. News of a potential sale points to the continuation of HSBC’s strategy to gradually reduce its global ...

Approximately 120 staff members and the assets and customers of HSBC Germany's private banking business would be transferred to BNP Paribas as part of the sale. Michael Schleef, CEO of HSBC ...