Hints and tips:
...Jerry Rizzieri, head of Mizuho Securities USA, told the Financial Times the acquisition would contribute to Mizuho’s goal “to be solidly inside the top 10 corporate investment banks within three years”,...
...David Bell: It will stagnate, probably doing as badly as other advanced countries (USA excepted)....
...to acquire a western financial services company....
...The bank is not closing its investment banking and transaction services operation in the country, but is reducing its exposure and not taking on new customers....
...Conversely, HSBC, the UK biggest bank, reported third-quarter profits that exceeded expectations as it overhauled its leadership team and announced the appointment of a new chief financial officer....
...But the Bank will need to be tough to dampen core inflation, especially the services component....
...We successfully secured the sale of the UK arm of Silicon Valley Bank to HSBC, so the future of those companies is now safe in the hands of one of Europe’s biggest and most creditworthy banks....
...SoftBank Group International president Michel Combes and Alphabet vice-president of wireless services Milo Medin have joined a new advisory board set up by merchant bank The Raine Group....
...HSBC HSBC first dipped its toe into the US market by taking a 51 per cent stake in Marine Midland Bank in 1980, buying the rest of the Buffalo, New York-headquartered lender in 1987....
...The move follows a trend of European banks such as HSBC and Deutsche Bank reducing their US presence after finding it difficult to compete with larger and better capitalised rivals....
...They illustrate their argument by comparing the paths to success of the richest people in Mexico and the USA (p39)....
...Mr Burke, 57, chief executive of HSBC USA since 2014, will retire in October and be replaced by an outsider, Michael Roberts, who previously led Citigroup’s global corporate bank....
...The London-headquartered bank said Patrick Burke, 57, who has worked for HSBC since 1989, would retire as chief executive of HSBC USA in October and be replaced by Michael Roberts, an executive who has worked...
...“Yet [regulators] seem reluctant to regulate or intervene to supervise these key service providers directly.”...
...(FT, NYT, USA Today) In other developments: HSBC has evacuated dozens of staff from its office in London’s Canary Wharf after a staff member reported a confirmed case of coronavirus....
...services....
...and 3% for Barclays and HSBC....
...Has Mark Tucker, chairman of Asia-facing bank HSBC, “muted” the tweets of @realDonaldTrump, president of Asia-baiting yanks aka USA?...
...Pepper, says HSBC USA’s head of innovation Jeremy Balkin, has had 10,000 customer interactions in the three months since she rolled into the branch, and new business is up almost a third compared to the...
...The former mortgage trader has warned that many financial services companies were too complacent about the threat of disruptive technology and new entrants....
...HSBC, which already has a big French operation, is moving as many as 1,000 jobs there from London....
...The result is a behemoth of a bank. With assets of $2.6tn and more than a quarter of a million staff, only China’s Big Four lender and HSBC are larger....
...It later emerged that Mr Stevenson had been approached to take over as chief financial officer at FTSE 100 rival HSBC....
...Global banks’ Mexican operations have been in regulators’ sights in recent years. HSBC in 2012 paid more than $1.9bn to US authorities for permitting the laundering of drug trafficking money....
...Braxton Carter, chief financial officer of T-Mobile, stoked speculation of a deal this week at a Deutsche Bank conference....
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