HSBC Revamps Financing and Advisory to Focus on Private Credit
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 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, according to a statement from the bank.
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