ECM and cash equity trading unaffected by HSBC cuts
HSBC will not be making cuts to its equity capital markets or its equity trading capabilities after announcing the results of a strategic review on Tuesday. The bank will be reducing headcount in sales and research, but said that its execution ability in ECM will not be affected in any way.
HSBC said on Tuesday morning that it would slim down its coverage in European cash equities. But these changes are entirely focused on equity sales and research analysts, with cash equities trading as well as equity capital markets remaining unaffected, GlobalCapital understands.HSBC’s investment banking division will ...
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