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Option Traders Turn Most Positive on China Assets After Politburo Supercharges Stimulus
HSBC Sells German Private Banking Business To BNP Paribas
HSBC Downgrades FedEx to Hold, Announces $300 Price Target
Report: HSBC considers merging commercial and investment banks to reduce costs.
Some executives believe that the merger can enable HSBC to reduce some duplicate backend positions and reduce expenses. After the merger, the department will become HSBC's largest source of revenue, contributing approximately $40 billion to the company annually.
HSBC Downgrades Azul to Hold, Announces $2.7 Price Target
Spain's Composite PMI Signals Ninth Month of Expansion in August
