HSBC Focuses on ‘Jewel of the Crown’ After Investment-Bank Cuts

HSBC Holdings Plc’s US operation is zeroing in on what it sees as key investment-banking units after getting out of mergers and acquisitions and equity capital markets in the region.

“We can support clients in financing — that’ll be debt capital markets and leveraged finance — and the global transaction banking,” a business where clients are supported with payments and foreign exchange, Lisa McGeough, chief executive officer of HSBC US, said in a Bloomberg Television interview Tuesday. “These are really amazing, sort of jewel of the crown type of businesses.”