Finance
HSBC Revamps Financing, Advisory to Help Private Credit Push
Takeaways
HSBC Holdings Plc is reorganizing its capital markets and corporate advisory units into a new business as part of a plan aimed at helping Europe’s biggest bank grab a larger share of the booming private credit industry.
The London-based lender said in a statement Friday that it was creating a new Capital Markets and Advisory group to house all of its disparate worldwide financing and investment banking activities under a single management structure, confirming an earlier Bloomberg News report.