HSBC combines markets and securities services divisions in major restructure
Global markets and securities services businesses will be combined at HSBC into a single unit, with new roles for its two custody heads.
Tag: HSBC
HSBC to overhaul markets division in deep restructure
Equities sales and trading in Europe and the US fixed income division set for overhaul at HSBC as part of restructure plans.
HSBC trades first interest rate swap through CIBM clearing model
The bank acted as the counterparty and settlement agent for the interest rate swaps trade by Singapore investment firm Dymon Asia.
HSBC’s European credit trading head joins BCS Global in senior markets role
Maxim Safonov joins BCS Global Markets after more than two years leading local rates and credit trading for HSBC in Europe.
US banks dominate European fixed income market share
JP Morgan nabs top market share in European fixed income, as e-trading grows to 45% of overall trading in the market in 2019.
HSBC invests in OpenFin as funding to date reaches $45 million
HSBC joins major investors in operating system provider OpenFin, including as Barclays, CME Group, DRW, JP Morgan and Wells Fargo.
HSBC appoints new investment banking co-heads
George Elhedery and Greg Guyett will head up global banking and markets at HSBC, as the bank confirms Samir Assaf will step down next year.
HSBC partners with SGX and Temasek on DLT for fixed income
The partnership between HSBC, SGX and sovereign wealth fund Temasek marks the first end-to-end digitisation effort focusing on the Asian bond markets.
HSBC, Societe Generale, BNY Mellon and others fined $6 million for swaps violations
The US CFTC also fined NatWest Markets, PNC Bank and Northern Trust for reporting and risk management regulation failures.
Algo innovation not a straightforward path as traders want to retain control
Buy-side traders still want to be able to stop algos and take control for themselves in-flight, but data challenges remain for those seeking a low-touch route.