ZACKS·2025-08-04 17:15Group 1 - HSBC Holdings Plc plans to begin a phased wind-down of its International Wealth and Premier Banking in Bangladesh starting in the second half of 2025 as part of its ongoing global business overhaul [1][8] - The decision to exit Bangladesh follows a strategic review of retail banking businesses in four Asian markets, with the review for Bangladesh finalized while the others are still ongoing [2][8] - HSBC will immediately cease onboarding new retail clients in Bangladesh but will continue to support existing clients through the exit process, with Corporate and Institutional Banking operations remaining unaffected [2][8] Group 2 - The exit aligns with HSBC's simplification strategy aimed at strengthening market leadership in areas with competitive edge and growth potential, while gradually exiting non-core operations in various regions [3][8] - Recent divestments include operations in Uruguay, Germany, South Africa, Bahrain, and France, as HSBC sharpens its regional focus in Asia and the Middle East [3][5] - HSBC aims to deliver $1.5 billion in annualized savings by 2026 through these global exits and strategic cost redeployment, with expected upfront charges of nearly $1.8 billion by the end of next year [6][8] Group 3 - Over the past year, HSBC shares have increased by 51.8% on the NYSE, outperforming the industry's growth of 40.2% [7]