CNBC International’s Post

#ICYMI Bloomberg News Scoop: HSBC, the Asian focused lender, is weighing a marriage of two key divisions which would house a 90,000 strong workforce, sources say. No final decisions have been made and details of any potential restructuring could still change. Commercial banking, which has offerings for small and mid-size businesses in 50 markets, posted a profit before tax of $13.3 billion in 2023, while the global banking and markets arm brought in $5.9 billion.

I just completed HSBC's Wealth and Personal Banking on @[Forage](urn:li:organization:68514998). In the simulation I: * Completed a simulation focused on working with and advising high-net-worth clients  * Gathered a client's key investment objectives, risk appetite, investment restrictions, and other relevant information to recommend investment solutions * Offered a bespoke investment recommendation based on a client's unique investor profile Check out the simulation here: https://lnkd.in/gujtWVhz #HSBC Forage

💫I'm happy that I've successfully completed HSBC Global Banking and Markets on Forage&HSBC in the simulation✨: **Completed a simulation focused on the type of work undertaken by the Investment Banking & Markets teams in the Global Banking &Markets(GB&M) business at HSBC **Defined the strategic rationale for M&A and filtered target Analysed transaction data to develop a summary of debt capital markets (DCM) activity **Matched financial products with various clients #HSBC #Forage

HSBC is considering combining its commercial banking and global banking & markets divisions into a single, larger business unit. The new combined division would become HSBC's largest revenue generator, contributing around $40 billion per year. The combination would bring together over 90,000 employees across the two divisions, potentially allowing for some elimination of duplicative back-office roles. The proposal has been considered before but was previously opposed by former CEO Noel Quinn. However, with the arrival of new CEO Georges Elhedery, the idea is being reconsidered as part of efforts to simplify HSBC's structure and reduce expenses. Elhedery has emphasized cost discipline since taking over as CEO, and the bank has already begun slowing hiring and reducing travel and entertainment spending. Combining the commercial and investment banking divisions would mirror a similar move by JPMorganChase Chase earlier this year, while Citi has recently broken up its institutional clients group into smaller units. The potential restructuring is part of Elhedery's efforts to put his own stamp on HSBC and continue the bank's strategic pivot towards its core Asian markets. #HSBC #Growth #CostManagement #InvestmentBanking #CommercialBanking #Efficiency I Bloomberg News I Harry Wilson I Ambereen Choudhury I Denise Wee I Laura Noonan I Donal Griffin

I just completed HSBC's Global Banking & Markets on Forage •Completed a simulation focused on the type of work undertaken by the Investment Banking & Markets teams in the Global Banking & Markets (GB&M) business at HSBC •Defined the strategic rationale for M&A and filtered target • Analysed transaction data to develop a summary of debt capital markets (DCM) activity •Matched financial products with various clients thanks HSBC &Forage for this opportunity #HSBC #Forage #Globalmarkting #Globalbanking #jobstimulation

l just completed HSBC's Global Banking & Markets on Forage. In the simulation I: • Completed a simulation focused on the type of work undertaken by the Investment Banking & Markets teams in the Global Banking & Markets (GB&M) business at HSBC. • Defined the strategic rationale for M&A and filtered target. • Analysed transaction data to develop a summary of debt capital markets (DCM) activity. • Matched financial products with various clients. #HSBC #Forage #Global_Banking #Marke_Simulation_HSBC #CommercialBanking #SustainableFinance #SupplyChainFinance #FinanceCareers

I just completed HSBC 's Global Banking & Markets on Forage and it was incredibly useful to understand what it might be like to participate on a Global Banking & Markets team at HSBC. In the simulation I: Completed a simulation focused on the type of work undertaken by the Investment Banking & Markets teams in the Global Banking & Markets (GB&M) business at HSBC Defined the strategic rationale for M&A and filtered target • Analysed transaction data to develop a summary of debt capital markets (DCM) activity Matched financial products with various clients #HSBC #Banking #Finance #HSBC #CareerDevelopment #LearningJourney #GlobalBanking #MergersAndAcquisitions #DebtMarkets #TradingOpportunities

HSBC, Europe's biggest lender, is shutting down key parts of its investment banking in Europe, the UK and the U.S. Specifically its M&A and equities businesses HSBC will focus on Asia and the Middle East. HSBC has had a difficult year. Some prior posts for reference https://lnkd.in/emCnSGip https://lnkd.in/eJ4yUhnE

Just completed HSBC's Global Banking & Markets on Forage. In the simulation I: • Completed a simulation focused on the type of work undertaken by the Investment Banking & Markets teams in the Global Banking & Markets (GB&M) business at HSBC • Defined the strategic rationale for M&A and filtered target • Analysed transaction data to develop a summary of debt capital markets (DCM) activity • Matched financial products with various clients. #hsbc #mergersandacquisition #DCM #InvestmentBanking #HSBCINDIA

I just completed HSBC's Global Banking & Markets on Forage. In the simulation I: • Completed a simulation focused on the type of work undertaken by the Investment Banking & Markets teams in the Global Banking & Markets (GB&M) business at HSBC • Defined the strategic rationale for M&A and filtered target • Analysed transaction data to develop a summary of debt capital markets (DCM) activity • Matched financial products with various clients #Global_Banking #HSBC #Forage