Bank Strategy/Results

  • Citi to boost wealth management business in Apac

    Citi to boost wealth management business in Apac

    Citi is planning to hire around 2,300 people to support the expansion of its wealth management business in Asia Pacific, as the bank undertakes a restructuring that boosts focus on its four wealth centres.

  • HSBC GBM to double down in Asia, Middle East

    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.

  • HSBC's Asia ambitions remain after Enns leaves

    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.

  • Goldman seeks full control of China JV

    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.

  • Credit business shines as HSBC vows to speed up change

    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.

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