Rasmus Bagger’s Post

When I initially moved to the UK, I quickly realised the challenges of exchanging euros to pounds - slow, expensive and quite inconvenient. Thankfully, my introduction to Wise completely transformed this experience. Wise’s mission is to make currency conversion fairer, faster and more transparent. In the past year alone, we saved our customers a staggering £1.6 billion in hidden fees. However, it's only a fraction of the £180 billion consumers and businesses collectively lose every year - this is a big problem and it’s going to take a whole industry to solve it. Over a decade later it’s heartening to see more companies embracing our mission and the launch of Zing by HSBC is another great step forward. Let's hope that the commitment to transparency and affordability will soon extend to all HSBC customers. #Wise #fintech #transparency #WiseAccount #mission #customerfocused #competition #hiddenfees #zing #hsbc

#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.

Hey Everyone, Good morning & happy Friday! Today’s issue is all about the future of finance as we’re looking into HSBC which just launched an Embedded Finance venture (what it’s all about & why it’s a great move + a bonus deep dive into HSBC & why the future of finance is embedded), and SWIFT which is doubling down on and diving deep into digital assets (what’s the latest move all about, why it matters & what’s next + bonus reads on other financial giants going all into crypto). So let’s just jump straight into the spicy stuff 🌶️ HSBC launches Embedded Finance venture 😳💳 The launch 🚀 HSBC HSBC 1.24%↑, one of the world's largest banking and financial services organizations, is doubling down on embedded finance with the launch of SemFi, a joint venture with B2B global trade network Tradeshift. This move clearly signals HSBC's commitment to integrating financial services seamlessly into the digital ecosystems where businesses operate. Let’s take a look at this, see why it matters, and what’s next. https://lnkd.in/gMGGZ8AZ

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’m excited to share that I’ve successfully completed HSBC’s Wealth and Personal Banking simulation on Forage. I gained firsthand experience advising high-net-worth clients, and tailoring investment strategies to their specific goals. This experience has solidified my interest in wealth management and deepened my understanding of the financial industry. #HSBC #WealthManagement #FinancialPlanning

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

Hey Everyone, Good morning & happy Friday! Today’s issue is all about the future of finance as we’re looking into HSBC which just launched an Embedded Finance venture (what it’s all about & why it’s a great move + a bonus deep dive into HSBC & why the future of finance is embedded), and SWIFT which is doubling down on and diving deep into digital assets (what’s the latest move all about, why it matters & what’s next + bonus reads on other financial giants going all into crypto). So let’s just jump straight into the spicy stuff 🌶️ HSBC launches Embedded Finance venture 😳💳 The launch 🚀 HSBC HSBC 1.24%↑, one of the world's largest banking and financial services organizations, is doubling down on embedded finance with the launch of SemFi, a joint venture with B2B global trade network Tradeshift. This move clearly signals HSBC's commitment to integrating financial services seamlessly into the digital ecosystems where businesses operate. Let’s take a look at this, see why it matters, and what’s next. https://lnkd.in/g_S4RZWP

I just completed HSBC's Global Banking & Markets on : * 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 #HCBCGlobalBankingandMarketsForage

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 #HSBC #GlobalBankingandMarkets

I just completed HSBC's Global Banking & Markets simulation on Forage. Key takeaways were: - 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. - Analyzed transaction data to develop a summary of debt capital markets (DCM) activity. - Matched financial products with various clients. #finance #investing #mergersandacquisitions #banking #privateequity