HSBC Details New Investment-Banking Unit Structure

HSBC's investment bank is undergoing strategic changes under CEO Samir Assaf, focusing on reducing costs and increasing performance. Matthew Westerman from Goldman Sachs has been brought in to enhance client relationships and product offerings. HSBC aims to capture more market share by bundling services for its largest clients. Despite challenges in the investment banking sector, HSBC maintains its headcount, unlike other banks that are downsizing. The bank leverages its global network and balance sheet to differentiate itself. Some job cuts have occurred, but not on the scale seen at RBS or Barclays. Investors are cautiously optimistic about the new structure, awaiting improved results.

What challenges is HSBC facing in the investment banking sector, and how might this affect its future performance?

What impact has the restructuring had on HSBC's workforce?