HSBC's Restructuring Efforts & High Rates Aid Amid Cost Woes

HSBC Holdings PLC (HSBC) remains well-positioned for growth on the back of restructuring initiatives, higher interest rates and an extensive network. However, rising costs and a tough operating backdrop are headwinds. Additionally, in 2022, HSBC acquired 100% of the issued share capital of AXA Insurance in Singapore and L&T Investment Management Limited. Moreover, HSBC increased its ownership stake in its China securities JV – HSBC Qianhai Securities Limited, while in 2021, the company got a regulatory nod ...