HSBC’s private banking arm has gone overweight US stocks and neutral on those in Europe, flipping its view from earlier this year after a breezy round of earnings from US tech companies.

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

HSBC is disbanding a division that serves small and medium-size companies in the U.S., part of a push to focus on markets where it has an edge.

HSBC has evolved from a global bank, where two decades ago half of its capital was deployed outside the United Kingdom and Hong Kong, to a somewhat more geographically focused group centred mainly ...

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The London-headquartered bank plans to save $300 million this year and aims to reduce its cost base by $1.5 billion by the end of 2026.

HSBC plans to wind down its M&A and some equities businesses in Europe and the Americas, the bank said on Tuesday, accelerating a shift to Asia in its biggest retrenchment from investment banking ...

HSBC names new US CEO Lisa McGeough will step into the role Jan. 1. Meanwhile, Annabel Spring will depart from her role as global private banking and wealth CEO.