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Evening Standard
Evening Standard
Business
Henry Saker-Clark

HSBC to wind down parts of investment banking units in UK, Europe and US

HSBC United Kingdom Europe Georges Elhedery United States London
HSBC’s latest financial results showed that its global investment banking operations represented 6% of total revenues for the latest half-year (Matt Crossick/PA) - (PA Wire)

HSBC is to shut down parts of its investment banking operations in the UK, Europe and the Americas as bosses continue their overhaul of the banking giant.

Georges Elhedery has overseen a significant shake-up of the London-based firm since taking over as chief executive last September.

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