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HSBC GBM to double down in Asia, Middle East
HSBC's global banking and markets division (GBM) plans to invest in Asia and plug more than half its risk-weighted assets (RWAs) in the Apac region and the Middle East by 2022, the bank outlined when reporting its full-year results on Tuesday. Meanwhile, in the final three months of last year, global banking revenues fell year-on-year, but proceeds from equities more than doubled.
23 Feb 2021 -
Taiwanese banks ditch IB-led loans over default fears, MoF guidance
Taiwanese banks are increasingly asking their loans teams to avoid participating in deals led by global investment banks, in line with guidance given by the finance ministry last year and over fears of being burnt again by possible defaults.
25 Jan 2021 -
HSBC's Asia ambitions remain after Enns leaves
HSBC’s aims to boost market share in investment banking and rebalance towards Asia remain intact despite the resignation of one of its most senior lieutenants. But 2021 must be about execution, writes David Rothnie.
07 Jan 2021 -
Goldman seeks full control of China JV
Goldman Sachs is leading the race to fully own a Chinese securities company. It has agreed to buy all the outstanding shares in its 16-year old joint venture, Goldman Sachs Gao Hua Securities, from its onshore partner.
09 Dec 2020 -
MUFG seeks model change in quest for growth
MUFG is overhauling personnel and its business model to try to escape a cycle of low returns, writes David Rothnie.
26 Nov 2020 -
Laskshmi Vilas set to merge with DBS India
Lakshmi Vilas Bank is set to merge with DBS Bank’s operations in India, under a central bank plan to save the cash-strapped local lender.
18 Nov 2020 -
Biodiversity league table: even best banks lack basic controls
The threat to biodiversity is moving up the agenda of financial markets, but banks are woefully unprepared, a new study has found — in fact, they are actively financing what scientists believe is a mass extinction of species.
28 Oct 2020 -
Credit business shines as HSBC vows to speed up change
HSBC's credit and equities business lines were the standout performers in the global banking and markets division (GBM) in the third quarter, the bank's results showed on Tuesday. Meanwhile, group chief executive Noel Quinn said the firm was adapting its business model to chronic low interest rates.
27 Oct 2020 -
Credit Suisse-UBS merger would make investment banking sense
If UBS’s reported exploration of a merger with Credit Suisse actually leads to a tie-up at some point, it would create a formidable European investment bank.
17 Sep 2020 -
Mizuho beefs up convertibles team
Andy Bourne and Ross Webster have arrived at Mizuho International to work on convertible bonds.
15 Sep 2020
