HSBC CEO Says U.S. Cuts Will Pave Way for Middle East Growth (Full Interview) скачать в хорошем качестве

HSBC CEO Says U.S. Cuts Will Pave Way for Middle East Growth (Full Interview)

HSBC expects to double down on its investment banking operations in Asia and the Middle East after exiting key business in Europe and the US, Chief Executive Officer Georges Elhedery said. The bank will focus on debt and other financing activities in Asia as well as mergers and acquisitions and equity capital markets in the Middle East, Elhedery said in a Bloomberg TV interview on Tuesday at an HSBC conference in Hong Kong. The restructuring will save $1.5 billion in efficiency costs and enable the bank to invest in areas where it has more competitive edge to generate “quality” revenue, he said. Taking the helm about six months ago, Elhedery has unleashed a sweeping overhaul at the bank, leading to the exit of several senior executives. He combined the commercial and investment banking units and made operations in the UK and Hong Kong standalone businesses. He shuttered most of its mergers and acquisition and equity underwriting operations in the US, UK and continental Europe. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X:   / bloombergradio   Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts:    / bloombergpodcasts   Bloomberg Television:    / @markets   Bloomberg Originals:    / bloomberg   Quicktake:    / @bloombergquicktake