HSBC (HSBA.L) is preparing to wind down its M&A and equity capital markets businesses in Europe, the UK and the Americas as part of a major shake-up of its investment banking operations, a memo the bank sent staff showed this week.
“…our intention is to move to a more competitive, scalable, financing-led model,” Michael Roberts, CEO HSBC Bank said in the memo.
“We will retain more focused M&A and Equity
