HSBC: special focus

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Euromoney's recent coverage of the global banking group from its global footprint, management shifts and strategic overhaul.

HSBC, Morgan Stanley and UniCredit scoop top honours at the Euromoney Awards for Excellence 2017
July 2017
Euromoney names HSBC as the World’s Best Bank and Morgan Stanley as the World’s Best Investment Bank; UniCredit’s chief executive Jean Pierre Mustier wins Banker of the Year award.

World's best bank 2017: HSBC
July 2017
Stuart Gulliver’s six-year transformation of HSBC has created a global bank that works, rather than one that merely exists. And through that process, the bank has continued to deliver impressive returns.

Awards for Excellence 2017: How Gulliver fixed the world's best bank HSBC for the future
July 2017
As Stuart Gulliver’s time as chief executive of HSBC runs down, the moment has come to acknowledge his achievement in managing the remarkable transformation of one of the world’s biggest, most complex banks. Once a diffuse portfolio of unconnected banking franchises, it now starts to look much more like the jewel it should be: a properly managed network that can serve customers and reward shareholders by handling global trade and capital flows.

Awards for Excellence 2017: HSBC
July 2017
An awards round-up.

Middle East's best investment bank 2017: HSBC
May 2017
HSBC brains as well as brawn, as its coordination of bonds for regional financial institutions illustrates, notably the first Gulf insurance hybrid from Qatar Insurance Company and a string of perpetual sukuk from Kuwait.

HSBC and Tradeshift launch supply chain finance ‘game changer’
March 2017
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HSBC sees new lending opportunities in the increasingly digital exchange of purchase orders and invoices between big companies and their smaller suppliers.

Banking: Assaf sets positive tone for HSBC
March 2017
Lost amid disappointing 2016 results, HSBC’s Global Banking and Markets (GB&M) division has already hit the group 10% return on equity (ROE) target and holds out hope for more to come.

Runners and riders in the HSBC Succession Champion Chase
March 2017

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Who’s leading the field? Who’s coming up on the rails? Which outsiders are worth ranking? The race is on for one of the biggest jobs in global banking… or is it?

Banking: Divine inspiration
March 2017
Lloyd Blankfein may think that Goldman Sachs’ bankers have a monopoly on doing God’s work, but HSBC seems to be giving the US firm a run for its money.

Banking: Could HSBC finally crack the US?
February 2017
Attempts to build a North America business have left egg on the faces of many senior HSBC executives, but now, with two key differentiators – its big balance sheet and global network – it may have figured out how to be an investment bank in the US.

Citi rebrands in Mexico as HSBC signals it will stay
October 2016
Citi seeks to commit to Mexico after Latin America withdrawal; HSBC injects capital but commitment questioned.

Brazil: Itaú acquisition raises competition concerns
October 2016
Itaú’s move on Citi’s Brazilian bank comes as Bradesco nears the completion of its purchase of HSBC’s operations in the country.

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Lake calls time on HSBC
September 2016
HSBC global banking and markets vice-chairman and architect of its transformative capital financing model Spencer Lake has decided to leave the firm, Euromoney has learned.


Cash Management Survey 2016

Regional banks on the rise in global cash management
September 2016
While HSBC scores a notable double in Euromoney’s annual global rankings, the record response rate of almost 35,000 validated votes generated a host of changes at the upper end of our cash management survey. Regional banks move to the fore and some previous global leaders have dropped back.

Cash management non-financial institutions survey 2016: Which ICMs do you use most globally?

Cash management financial institutions survey 2016: Which ICMs do you use most globally?


Macaskill on markets: Front-running and the death of fixed income
August 2016
The case against two HSBC employees for front-running a foreign exchange order from a client could hasten the death of the principal model for FICC trading by banks. A shift to an advisory-based approach is possible, but banks will struggle to make up lost revenue.

Sideways: The Committee to abolish Christmas trades
August 2016
When HSBC’s former head of global FX cash trading Mark Johnson learned that he had a window of just over 30 minutes to move the sterling exchange rate and profit from an approaching client trade, he said: “Ohhh f***ing Christmas,” according to US prosecutors.

Awards for Excellence 2016

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Floats like a butterfly, stings like an HSBC
World's best investment bank: Global investment banks have spent the years since the global financial crisis trying to develop diversified and differentiated businesses. Few have succeeded. Quietly, but impressively, HSBC has stuck to its long-term strategy in global banking and markets and built just that. That division, led by Samir Assaf, with the backing of group CEO Stuart Gulliver, delivers impressive returns in difficult markets. And it is increasingly there for its clients on the high-profile deals where you would not have expected it.

World's best investment bank

World's best bank for corporates

Asia's best investment bank

Asia's best bank for financing

Latin America's best bank for financing

Best investment bank in the Middle East

HSBC's headquarters in London
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Westerman joins from Goldman as HSBC rejigs global banking management
February 2016
Hiring is a coup for HSBC as it tries to build on success of simplified structure in growing GBM division.

HSBC plotline points back to Gulliver
February 2016
With the bank’s HQ distraction now over, disappointing results have switched attention to the CEO.

Brazil banking: Bradesco buoyant, HSBC on back foot
September 2015

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Brazil deal lifts Bradesco; UK bank fights to retain Mexico.

Achievement in CSR Award: HSBC
September 2015
Long held up as an example of bad bank behaviour, HSBC has also done some outstanding work in the field of CSR. 

Off Message: Canny comms get results for HSBC
August 2015
Quietly, but forcefully, the bank is getting its message across to UK government and regulators.

HSBC doubles down on EM IB gamble
July 2015
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Investment banking rivals may scoff, but HSBC’s Asia shift could prove a canny piece of business.

Banking: Chiang makes his point with HSBC
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June 2015
California’s new treasurer picked his target when he made an example of the foreign bank but the domestic players have been warned.

HSBC expands transaction services workforce
May 2015
HSBC hired some 500 people in its transaction banking business last year and expanded its mobile offering. The bank's global head of payments and cash management Diane Reyes reflects on some of the lessons learned.

Is Bradesco in the frame for HSBC Brazil?
May 2015
Global firms feel pinch; Chinese banks set to enter?

LatAm bond markets: HSBC – building from debt
March 2015 
HSBC is pushing hard in its drive into Latin America’s markets. From a DCM foundation, it is moving into other areas, though competition will be fierce.

Gulliver and Flint face prisoner’s dilemma at HSBC
March 2015
Before revelations about HSBC’s private bank, its chairman and CEO were seen as a winning combination. As the fallout becomes increasingly political, could their relationship be coming under threat?

Private banking CIO outlook 2015: HSBC Private Bank
January 2015
Thomas Moore, CIO and head of private investment group Americas at HSBC Private Bank, talks about how oil prices and volatility are concerns for the year ahead.

HSBC shrugs off $550 million FHFA settlement
September 2014
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It's a sad indictment of the state of the banking industry that a half billion dollar settlement looks like a good outcome. HSBC's share price went up on news of its agreement with the FHFA. But neither it nor the rest of the industry should take too much comfort.

Latin American capital markets: Competition for HSBC as it builds in equities
March 2014
Itaú strengthens position outside Brazil; equity lull a good time for hiring, says HSBC.