BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit

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BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit

cnbc2021-05-27

LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...

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XiaTian
·2021-05-28
Lol good
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1
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Praveenh
·2021-05-28
Hi
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Praveenh
·2021-05-28
Yep
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CPCat
·2021-05-27
First Citi, now HSBC. Are we going to see a reversal of globalization? How will it impact markets??
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OO_898
·2021-05-27
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2
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- JQ62:
  ok
  2021-05-28
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Gabash
·2021-05-27
?
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xj_00
·2021-05-27
Like comment Thks
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Isityj
·2021-05-27
Pls like and comment!
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- xj_00:
  Like comments too thks
  2021-05-27
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- Isityj:
  Here!
  2021-05-27
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Isityj
·2021-05-27
Hi
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Isityj
·2021-05-27
Commented
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Isityj
·2021-05-27
Cool
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Khoogl
·2021-05-27
Latest
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- acaq:
  CoMment baCk. Thanks
  2021-05-27
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L1LF
·2021-05-27
Oo
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FrankPang
·2021-05-27
Like n comment
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- Isityj:
  Hi can like my comment thanku
  2021-05-27
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WGSsss
·2021-05-27
Good
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rou
·2021-05-27
wow
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The_scalper
·2021-05-27
US retail is very competitive market
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Phoebella
·2021-05-27
Hi
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- Phoebella:
  ok
  2021-05-29
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- Sunbliss:
  reply to this comment
  2021-05-27
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- Phoebella:
  Thanks for replying
  2021-05-27
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ZhiYuan
·2021-05-27
Please like and comment
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  2021-05-27
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  Hi
  2021-05-27
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Hihihihi
·2021-05-27
Liek and comment
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The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":135101347,"gmtCreate":1622138315189,"gmtModify":1704180200974,"author":{"id":"3582899687128084","authorId":"3582899687128084","name":"Praveenh","avatar":"https://community-static.tradeup.com/news/ca83e56c05c3554c5521208a847e1257","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3582899687128084","authorIdStr":"3582899687128084"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135101347","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 22:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSBC":"汇丰"},"source_url":"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166192216","content_text":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to its largest market — Asia.In a note Thursday,Goldman Sachsbanking analysts reiterated that HSBC's lack of scale in U.S. retail banking was the main reason for its low profitability and high cost-to-income ratio stateside.\"Thus, we see the announced measures as a positive, as they represent a small step towards HSBC potentially becoming a more focused, simpler and more profitable group,\" analysts Martin Leitgeb, Andreas Scheriau and Gurpreet Singh Sahi said.Having struggled against the big domestic players in the U.S. and some parts of Europe, the British lender has been seeking an exit from its less profitable operations for some time.Although letting go of most individual and small business clients, HSBC will maintain a small physical presence in the U.S. to serve its wealthiest international clients.The group will exit 90 of its 148 branches, pertaining a small network of 20-25 physical locations which will be recalibrated as international wealth centers, with the remaining branches to be closed.Goldman analysts noted that while the financial impacts arising from the transactions are immaterial in the wider group context and no additional details have yet been given on the profitability of U.S. wealth and personal banking operations post-exit, the outlook is more positive.\"We see scope for improved profitability, as the branch footprint will have been reduced by over 80%, whilst loans will only be down 13% (all else equal),\" they said, continuing with a \"buy\" rating on HSBC shares.The main downside risks Goldman highlighted included weaker macro trends such as pandemic setbacks, limited progress on the bank's restructuring, escalating geopolitical tensions, increased competition and \"delays in optimising capital efficiencies within the group.\"Citizens Bank and Cathay Bank, subsidiaries of Citizens Financial Group and Cathay General Corp., have agreed to buy HSBC's businesses on the east and west coasts, respectively.The deal would see a majority of HSBC's 850,000 client relationships sold, primarily customers with balances below $75,000, butBank of Americanoted that a 2% deposit premium on the sale is \"low compared with industry averages, reflecting the high cost structure of the operations.\"\"The remaining customers are small in number but the dominant part of U.S. retail deposit balances. The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":135103635,"gmtCreate":1622138274927,"gmtModify":1704180200148,"author":{"id":"3582899687128084","authorId":"3582899687128084","name":"Praveenh","avatar":"https://community-static.tradeup.com/news/ca83e56c05c3554c5521208a847e1257","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3582899687128084","authorIdStr":"3582899687128084"},"htmlText":"Yep","listText":"Yep","text":"Yep","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135103635","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 22:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSBC":"汇丰"},"source_url":"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166192216","content_text":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to its largest market — Asia.In a note Thursday,Goldman Sachsbanking analysts reiterated that HSBC's lack of scale in U.S. retail banking was the main reason for its low profitability and high cost-to-income ratio stateside.\"Thus, we see the announced measures as a positive, as they represent a small step towards HSBC potentially becoming a more focused, simpler and more profitable group,\" analysts Martin Leitgeb, Andreas Scheriau and Gurpreet Singh Sahi said.Having struggled against the big domestic players in the U.S. and some parts of Europe, the British lender has been seeking an exit from its less profitable operations for some time.Although letting go of most individual and small business clients, HSBC will maintain a small physical presence in the U.S. to serve its wealthiest international clients.The group will exit 90 of its 148 branches, pertaining a small network of 20-25 physical locations which will be recalibrated as international wealth centers, with the remaining branches to be closed.Goldman analysts noted that while the financial impacts arising from the transactions are immaterial in the wider group context and no additional details have yet been given on the profitability of U.S. wealth and personal banking operations post-exit, the outlook is more positive.\"We see scope for improved profitability, as the branch footprint will have been reduced by over 80%, whilst loans will only be down 13% (all else equal),\" they said, continuing with a \"buy\" rating on HSBC shares.The main downside risks Goldman highlighted included weaker macro trends such as pandemic setbacks, limited progress on the bank's restructuring, escalating geopolitical tensions, increased competition and \"delays in optimising capital efficiencies within the group.\"Citizens Bank and Cathay Bank, subsidiaries of Citizens Financial Group and Cathay General Corp., have agreed to buy HSBC's businesses on the east and west coasts, respectively.The deal would see a majority of HSBC's 850,000 client relationships sold, primarily customers with balances below $75,000, butBank of Americanoted that a 2% deposit premium on the sale is \"low compared with industry averages, reflecting the high cost structure of the operations.\"\"The remaining customers are small in number but the dominant part of U.S. retail deposit balances. The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":135312563,"gmtCreate":1622130747052,"gmtModify":1704180112775,"author":{"id":"3582520228861009","authorId":"3582520228861009","name":"CPCat","avatar":"https://static.tigerbbs.com/3bafaf3d39abfb78a4bedf785310721a","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3582520228861009","authorIdStr":"3582520228861009"},"htmlText":"First Citi, now HSBC. Are we going to see a reversal of globalization? How will it impact markets??","listText":"First Citi, now HSBC. Are we going to see a reversal of globalization? How will it impact markets??","text":"First Citi, now HSBC. Are we going to see a reversal of globalization? How will it impact markets??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135312563","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 22:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSBC":"汇丰"},"source_url":"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166192216","content_text":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to its largest market — Asia.In a note Thursday,Goldman Sachsbanking analysts reiterated that HSBC's lack of scale in U.S. retail banking was the main reason for its low profitability and high cost-to-income ratio stateside.\"Thus, we see the announced measures as a positive, as they represent a small step towards HSBC potentially becoming a more focused, simpler and more profitable group,\" analysts Martin Leitgeb, Andreas Scheriau and Gurpreet Singh Sahi said.Having struggled against the big domestic players in the U.S. and some parts of Europe, the British lender has been seeking an exit from its less profitable operations for some time.Although letting go of most individual and small business clients, HSBC will maintain a small physical presence in the U.S. to serve its wealthiest international clients.The group will exit 90 of its 148 branches, pertaining a small network of 20-25 physical locations which will be recalibrated as international wealth centers, with the remaining branches to be closed.Goldman analysts noted that while the financial impacts arising from the transactions are immaterial in the wider group context and no additional details have yet been given on the profitability of U.S. wealth and personal banking operations post-exit, the outlook is more positive.\"We see scope for improved profitability, as the branch footprint will have been reduced by over 80%, whilst loans will only be down 13% (all else equal),\" they said, continuing with a \"buy\" rating on HSBC shares.The main downside risks Goldman highlighted included weaker macro trends such as pandemic setbacks, limited progress on the bank's restructuring, escalating geopolitical tensions, increased competition and \"delays in optimising capital efficiencies within the group.\"Citizens Bank and Cathay Bank, subsidiaries of Citizens Financial Group and Cathay General Corp., have agreed to buy HSBC's businesses on the east and west coasts, respectively.The deal would see a majority of HSBC's 850,000 client relationships sold, primarily customers with balances below $75,000, butBank of Americanoted that a 2% deposit premium on the sale is \"low compared with industry averages, reflecting the high cost structure of the operations.\"\"The remaining customers are small in number but the dominant part of U.S. retail deposit balances. The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":135977229,"gmtCreate":1622128903361,"gmtModify":1704180062109,"author":{"id":"3582969710070724","authorId":"3582969710070724","name":"OO_898","avatar":"https://static.tigerbbs.com/9fb3c360d5d7711641a868a144192fc7","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"3582969710070724","authorIdStr":"3582969710070724"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/135977229","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 22:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSBC":"汇丰"},"source_url":"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166192216","content_text":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to its largest market — Asia.In a note Thursday,Goldman Sachsbanking analysts reiterated that HSBC's lack of scale in U.S. retail banking was the main reason for its low profitability and high cost-to-income ratio stateside.\"Thus, we see the announced measures as a positive, as they represent a small step towards HSBC potentially becoming a more focused, simpler and more profitable group,\" analysts Martin Leitgeb, Andreas Scheriau and Gurpreet Singh Sahi said.Having struggled against the big domestic players in the U.S. and some parts of Europe, the British lender has been seeking an exit from its less profitable operations for some time.Although letting go of most individual and small business clients, HSBC will maintain a small physical presence in the U.S. to serve its wealthiest international clients.The group will exit 90 of its 148 branches, pertaining a small network of 20-25 physical locations which will be recalibrated as international wealth centers, with the remaining branches to be closed.Goldman analysts noted that while the financial impacts arising from the transactions are immaterial in the wider group context and no additional details have yet been given on the profitability of U.S. wealth and personal banking operations post-exit, the outlook is more positive.\"We see scope for improved profitability, as the branch footprint will have been reduced by over 80%, whilst loans will only be down 13% (all else equal),\" they said, continuing with a \"buy\" rating on HSBC shares.The main downside risks Goldman highlighted included weaker macro trends such as pandemic setbacks, limited progress on the bank's restructuring, escalating geopolitical tensions, increased competition and \"delays in optimising capital efficiencies within the group.\"Citizens Bank and Cathay Bank, subsidiaries of Citizens Financial Group and Cathay General Corp., have agreed to buy HSBC's businesses on the east and west coasts, respectively.The deal would see a majority of HSBC's 850,000 client relationships sold, primarily customers with balances below $75,000, butBank of Americanoted that a 2% deposit premium on the sale is \"low compared with industry averages, reflecting the high cost structure of the operations.\"\"The remaining customers are small in number but the dominant part of U.S. retail deposit balances. The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4475564,"gmtCreate":1622157156404,"gmtModify":1680791415114,"authorId":3582865570179528,"author":{"id":3582865570179528,"idStr":"3582865570179528","authorId":3582865570179528,"name":"JQ62","avatar":"https://static.tigerbbs.com/da715325270bb26fbcbce63e45f86a81","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":135977229,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"},{"id":135941036,"gmtCreate":1622128056025,"gmtModify":1704180040314,"author":{"id":"3579576477093998","authorId":"3579576477093998","name":"Gabash","avatar":"https://static.tigerbbs.com/e5d8e2f6ed84b1a580a44d35056ee6b4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579576477093998","authorIdStr":"3579576477093998"},"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135941036","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 22:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSBC":"汇丰"},"source_url":"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166192216","content_text":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to its largest market — Asia.In a note Thursday,Goldman Sachsbanking analysts reiterated that HSBC's lack of scale in U.S. retail banking was the main reason for its low profitability and high cost-to-income ratio stateside.\"Thus, we see the announced measures as a positive, as they represent a small step towards HSBC potentially becoming a more focused, simpler and more profitable group,\" analysts Martin Leitgeb, Andreas Scheriau and Gurpreet Singh Sahi said.Having struggled against the big domestic players in the U.S. and some parts of Europe, the British lender has been seeking an exit from its less profitable operations for some time.Although letting go of most individual and small business clients, HSBC will maintain a small physical presence in the U.S. to serve its wealthiest international clients.The group will exit 90 of its 148 branches, pertaining a small network of 20-25 physical locations which will be recalibrated as international wealth centers, with the remaining branches to be closed.Goldman analysts noted that while the financial impacts arising from the transactions are immaterial in the wider group context and no additional details have yet been given on the profitability of U.S. wealth and personal banking operations post-exit, the outlook is more positive.\"We see scope for improved profitability, as the branch footprint will have been reduced by over 80%, whilst loans will only be down 13% (all else equal),\" they said, continuing with a \"buy\" rating on HSBC shares.The main downside risks Goldman highlighted included weaker macro trends such as pandemic setbacks, limited progress on the bank's restructuring, escalating geopolitical tensions, increased competition and \"delays in optimising capital efficiencies within the group.\"Citizens Bank and Cathay Bank, subsidiaries of Citizens Financial Group and Cathay General Corp., have agreed to buy HSBC's businesses on the east and west coasts, respectively.The deal would see a majority of HSBC's 850,000 client relationships sold, primarily customers with balances below $75,000, butBank of Americanoted that a 2% deposit premium on the sale is \"low compared with industry averages, reflecting the high cost structure of the operations.\"\"The remaining customers are small in number but the dominant part of U.S. retail deposit balances. The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":135951293,"gmtCreate":1622127470412,"gmtModify":1704180027659,"author":{"id":"3567900703076956","authorId":"3567900703076956","name":"xj_00","avatar":"https://static.tigerbbs.com/cc9c90a2ce72e48dc566702414b3f278","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3567900703076956","authorIdStr":"3567900703076956"},"htmlText":"Like comment Thks&nbsp;","listText":"Like comment Thks&nbsp;","text":"Like comment Thks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135951293","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 22:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSBC":"汇丰"},"source_url":"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166192216","content_text":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to its largest market — Asia.In a note Thursday,Goldman Sachsbanking analysts reiterated that HSBC's lack of scale in U.S. retail banking was the main reason for its low profitability and high cost-to-income ratio stateside.\"Thus, we see the announced measures as a positive, as they represent a small step towards HSBC potentially becoming a more focused, simpler and more profitable group,\" analysts Martin Leitgeb, Andreas Scheriau and Gurpreet Singh Sahi said.Having struggled against the big domestic players in the U.S. and some parts of Europe, the British lender has been seeking an exit from its less profitable operations for some time.Although letting go of most individual and small business clients, HSBC will maintain a small physical presence in the U.S. to serve its wealthiest international clients.The group will exit 90 of its 148 branches, pertaining a small network of 20-25 physical locations which will be recalibrated as international wealth centers, with the remaining branches to be closed.Goldman analysts noted that while the financial impacts arising from the transactions are immaterial in the wider group context and no additional details have yet been given on the profitability of U.S. wealth and personal banking operations post-exit, the outlook is more positive.\"We see scope for improved profitability, as the branch footprint will have been reduced by over 80%, whilst loans will only be down 13% (all else equal),\" they said, continuing with a \"buy\" rating on HSBC shares.The main downside risks Goldman highlighted included weaker macro trends such as pandemic setbacks, limited progress on the bank's restructuring, escalating geopolitical tensions, increased competition and \"delays in optimising capital efficiencies within the group.\"Citizens Bank and Cathay Bank, subsidiaries of Citizens Financial Group and Cathay General Corp., have agreed to buy HSBC's businesses on the east and west coasts, respectively.The deal would see a majority of HSBC's 850,000 client relationships sold, primarily customers with balances below $75,000, butBank of Americanoted that a 2% deposit premium on the sale is \"low compared with industry averages, reflecting the high cost structure of the operations.\"\"The remaining customers are small in number but the dominant part of U.S. retail deposit balances. The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":135928631,"gmtCreate":1622127043123,"gmtModify":1704180015145,"author":{"id":"3582086608896606","authorId":"3582086608896606","name":"Isityj","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582086608896606","authorIdStr":"3582086608896606"},"htmlText":"Pls like and comment!","listText":"Pls like and comment!","text":"Pls like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/135928631","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 22:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSBC":"汇丰"},"source_url":"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166192216","content_text":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to its largest market — Asia.In a note Thursday,Goldman Sachsbanking analysts reiterated that HSBC's lack of scale in U.S. retail banking was the main reason for its low profitability and high cost-to-income ratio stateside.\"Thus, we see the announced measures as a positive, as they represent a small step towards HSBC potentially becoming a more focused, simpler and more profitable group,\" analysts Martin Leitgeb, Andreas Scheriau and Gurpreet Singh Sahi said.Having struggled against the big domestic players in the U.S. and some parts of Europe, the British lender has been seeking an exit from its less profitable operations for some time.Although letting go of most individual and small business clients, HSBC will maintain a small physical presence in the U.S. to serve its wealthiest international clients.The group will exit 90 of its 148 branches, pertaining a small network of 20-25 physical locations which will be recalibrated as international wealth centers, with the remaining branches to be closed.Goldman analysts noted that while the financial impacts arising from the transactions are immaterial in the wider group context and no additional details have yet been given on the profitability of U.S. wealth and personal banking operations post-exit, the outlook is more positive.\"We see scope for improved profitability, as the branch footprint will have been reduced by over 80%, whilst loans will only be down 13% (all else equal),\" they said, continuing with a \"buy\" rating on HSBC shares.The main downside risks Goldman highlighted included weaker macro trends such as pandemic setbacks, limited progress on the bank's restructuring, escalating geopolitical tensions, increased competition and \"delays in optimising capital efficiencies within the group.\"Citizens Bank and Cathay Bank, subsidiaries of Citizens Financial Group and Cathay General Corp., have agreed to buy HSBC's businesses on the east and west coasts, respectively.The deal would see a majority of HSBC's 850,000 client relationships sold, primarily customers with balances below $75,000, butBank of Americanoted that a 2% deposit premium on the sale is \"low compared with industry averages, reflecting the high cost structure of the operations.\"\"The remaining customers are small in number but the dominant part of U.S. retail deposit balances. The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4472900,"gmtCreate":1622127464486,"gmtModify":1680791374983,"authorId":3567900703076956,"author":{"id":3567900703076956,"idStr":"3567900703076956","authorId":3567900703076956,"name":"xj_00","avatar":"https://static.tigerbbs.com/cc9c90a2ce72e48dc566702414b3f278","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":135928631,"type":1,"supId":0,"prevId":0,"content":"Like comments too thks ","text":"Like comments too thks ","html":"Like comments too thks "},{"id":4472914,"gmtCreate":1622127517944,"gmtModify":1680791371045,"authorId":3582086608896606,"author":{"id":3582086608896606,"idStr":"3582086608896606","authorId":3582086608896606,"name":"Isityj","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":135928631,"type":1,"supId":0,"prevId":0,"content":"Here!","text":"Here!","html":"Here!"}],"langContent":"EN"},{"id":135921564,"gmtCreate":1622126968458,"gmtModify":1704180014333,"author":{"id":"3582086608896606","authorId":"3582086608896606","name":"Isityj","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582086608896606","authorIdStr":"3582086608896606"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135921564","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":135921866,"gmtCreate":1622126957855,"gmtModify":1704180014010,"author":{"id":"3582086608896606","authorId":"3582086608896606","name":"Isityj","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582086608896606","authorIdStr":"3582086608896606"},"htmlText":"Commented","listText":"Commented","text":"Commented","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135921866","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 22:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSBC":"汇丰"},"source_url":"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166192216","content_text":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to its largest market — Asia.In a note Thursday,Goldman Sachsbanking analysts reiterated that HSBC's lack of scale in U.S. retail banking was the main reason for its low profitability and high cost-to-income ratio stateside.\"Thus, we see the announced measures as a positive, as they represent a small step towards HSBC potentially becoming a more focused, simpler and more profitable group,\" analysts Martin Leitgeb, Andreas Scheriau and Gurpreet Singh Sahi said.Having struggled against the big domestic players in the U.S. and some parts of Europe, the British lender has been seeking an exit from its less profitable operations for some time.Although letting go of most individual and small business clients, HSBC will maintain a small physical presence in the U.S. to serve its wealthiest international clients.The group will exit 90 of its 148 branches, pertaining a small network of 20-25 physical locations which will be recalibrated as international wealth centers, with the remaining branches to be closed.Goldman analysts noted that while the financial impacts arising from the transactions are immaterial in the wider group context and no additional details have yet been given on the profitability of U.S. wealth and personal banking operations post-exit, the outlook is more positive.\"We see scope for improved profitability, as the branch footprint will have been reduced by over 80%, whilst loans will only be down 13% (all else equal),\" they said, continuing with a \"buy\" rating on HSBC shares.The main downside risks Goldman highlighted included weaker macro trends such as pandemic setbacks, limited progress on the bank's restructuring, escalating geopolitical tensions, increased competition and \"delays in optimising capital efficiencies within the group.\"Citizens Bank and Cathay Bank, subsidiaries of Citizens Financial Group and Cathay General Corp., have agreed to buy HSBC's businesses on the east and west coasts, respectively.The deal would see a majority of HSBC's 850,000 client relationships sold, primarily customers with balances below $75,000, butBank of Americanoted that a 2% deposit premium on the sale is \"low compared with industry averages, reflecting the high cost structure of the operations.\"\"The remaining customers are small in number but the dominant part of U.S. retail deposit balances. The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":135921021,"gmtCreate":1622126939263,"gmtModify":1704180013847,"author":{"id":"3582086608896606","authorId":"3582086608896606","name":"Isityj","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3582086608896606","authorIdStr":"3582086608896606"},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135921021","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":135987255,"gmtCreate":1622126330777,"gmtModify":1704179995031,"author":{"id":"3566032787349185","authorId":"3566032787349185","name":"Khoogl","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3566032787349185","authorIdStr":"3566032787349185"},"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/135987255","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 22:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSBC":"汇丰"},"source_url":"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166192216","content_text":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to its largest market — Asia.In a note Thursday,Goldman Sachsbanking analysts reiterated that HSBC's lack of scale in U.S. retail banking was the main reason for its low profitability and high cost-to-income ratio stateside.\"Thus, we see the announced measures as a positive, as they represent a small step towards HSBC potentially becoming a more focused, simpler and more profitable group,\" analysts Martin Leitgeb, Andreas Scheriau and Gurpreet Singh Sahi said.Having struggled against the big domestic players in the U.S. and some parts of Europe, the British lender has been seeking an exit from its less profitable operations for some time.Although letting go of most individual and small business clients, HSBC will maintain a small physical presence in the U.S. to serve its wealthiest international clients.The group will exit 90 of its 148 branches, pertaining a small network of 20-25 physical locations which will be recalibrated as international wealth centers, with the remaining branches to be closed.Goldman analysts noted that while the financial impacts arising from the transactions are immaterial in the wider group context and no additional details have yet been given on the profitability of U.S. wealth and personal banking operations post-exit, the outlook is more positive.\"We see scope for improved profitability, as the branch footprint will have been reduced by over 80%, whilst loans will only be down 13% (all else equal),\" they said, continuing with a \"buy\" rating on HSBC shares.The main downside risks Goldman highlighted included weaker macro trends such as pandemic setbacks, limited progress on the bank's restructuring, escalating geopolitical tensions, increased competition and \"delays in optimising capital efficiencies within the group.\"Citizens Bank and Cathay Bank, subsidiaries of Citizens Financial Group and Cathay General Corp., have agreed to buy HSBC's businesses on the east and west coasts, respectively.The deal would see a majority of HSBC's 850,000 client relationships sold, primarily customers with balances below $75,000, butBank of Americanoted that a 2% deposit premium on the sale is \"low compared with industry averages, reflecting the high cost structure of the operations.\"\"The remaining customers are small in number but the dominant part of U.S. retail deposit balances. The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4472854,"gmtCreate":1622127178504,"gmtModify":1680791376870,"authorId":3582002430951907,"author":{"id":3582002430951907,"idStr":"3582002430951907","authorId":3582002430951907,"name":"acaq","avatar":"https://static.tigerbbs.com/be1f7e14bb377e0487f9ffd6edf7505e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":135987255,"type":1,"supId":0,"prevId":0,"content":"CoMment baCk. Thanks","text":"CoMment baCk. Thanks","html":"CoMment baCk. Thanks"}],"langContent":"EN"},{"id":135987889,"gmtCreate":1622126324741,"gmtModify":1704179994869,"author":{"id":"3584399468012429","authorId":"3584399468012429","name":"L1LF","avatar":"https://static.tigerbbs.com/3fccb07db379a63413f0fcfe10210690","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584399468012429","authorIdStr":"3584399468012429"},"htmlText":"Oo","listText":"Oo","text":"Oo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135987889","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 22:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSBC":"汇丰"},"source_url":"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166192216","content_text":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to its largest market — Asia.In a note Thursday,Goldman Sachsbanking analysts reiterated that HSBC's lack of scale in U.S. retail banking was the main reason for its low profitability and high cost-to-income ratio stateside.\"Thus, we see the announced measures as a positive, as they represent a small step towards HSBC potentially becoming a more focused, simpler and more profitable group,\" analysts Martin Leitgeb, Andreas Scheriau and Gurpreet Singh Sahi said.Having struggled against the big domestic players in the U.S. and some parts of Europe, the British lender has been seeking an exit from its less profitable operations for some time.Although letting go of most individual and small business clients, HSBC will maintain a small physical presence in the U.S. to serve its wealthiest international clients.The group will exit 90 of its 148 branches, pertaining a small network of 20-25 physical locations which will be recalibrated as international wealth centers, with the remaining branches to be closed.Goldman analysts noted that while the financial impacts arising from the transactions are immaterial in the wider group context and no additional details have yet been given on the profitability of U.S. wealth and personal banking operations post-exit, the outlook is more positive.\"We see scope for improved profitability, as the branch footprint will have been reduced by over 80%, whilst loans will only be down 13% (all else equal),\" they said, continuing with a \"buy\" rating on HSBC shares.The main downside risks Goldman highlighted included weaker macro trends such as pandemic setbacks, limited progress on the bank's restructuring, escalating geopolitical tensions, increased competition and \"delays in optimising capital efficiencies within the group.\"Citizens Bank and Cathay Bank, subsidiaries of Citizens Financial Group and Cathay General Corp., have agreed to buy HSBC's businesses on the east and west coasts, respectively.The deal would see a majority of HSBC's 850,000 client relationships sold, primarily customers with balances below $75,000, butBank of Americanoted that a 2% deposit premium on the sale is \"low compared with industry averages, reflecting the high cost structure of the operations.\"\"The remaining customers are small in number but the dominant part of U.S. retail deposit balances. The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":135984244,"gmtCreate":1622126295188,"gmtModify":1704179993410,"author":{"id":"3562581813714490","authorId":"3562581813714490","name":"FrankPang","avatar":"https://static.tigerbbs.com/aaa6febe46886634e58dd4a543aafe96","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3562581813714490","authorIdStr":"3562581813714490"},"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/135984244","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 22:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSBC":"汇丰"},"source_url":"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166192216","content_text":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to its largest market — Asia.In a note Thursday,Goldman Sachsbanking analysts reiterated that HSBC's lack of scale in U.S. retail banking was the main reason for its low profitability and high cost-to-income ratio stateside.\"Thus, we see the announced measures as a positive, as they represent a small step towards HSBC potentially becoming a more focused, simpler and more profitable group,\" analysts Martin Leitgeb, Andreas Scheriau and Gurpreet Singh Sahi said.Having struggled against the big domestic players in the U.S. and some parts of Europe, the British lender has been seeking an exit from its less profitable operations for some time.Although letting go of most individual and small business clients, HSBC will maintain a small physical presence in the U.S. to serve its wealthiest international clients.The group will exit 90 of its 148 branches, pertaining a small network of 20-25 physical locations which will be recalibrated as international wealth centers, with the remaining branches to be closed.Goldman analysts noted that while the financial impacts arising from the transactions are immaterial in the wider group context and no additional details have yet been given on the profitability of U.S. wealth and personal banking operations post-exit, the outlook is more positive.\"We see scope for improved profitability, as the branch footprint will have been reduced by over 80%, whilst loans will only be down 13% (all else equal),\" they said, continuing with a \"buy\" rating on HSBC shares.The main downside risks Goldman highlighted included weaker macro trends such as pandemic setbacks, limited progress on the bank's restructuring, escalating geopolitical tensions, increased competition and \"delays in optimising capital efficiencies within the group.\"Citizens Bank and Cathay Bank, subsidiaries of Citizens Financial Group and Cathay General Corp., have agreed to buy HSBC's businesses on the east and west coasts, respectively.The deal would see a majority of HSBC's 850,000 client relationships sold, primarily customers with balances below $75,000, butBank of Americanoted that a 2% deposit premium on the sale is \"low compared with industry averages, reflecting the high cost structure of the operations.\"\"The remaining customers are small in number but the dominant part of U.S. retail deposit balances. The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4472811,"gmtCreate":1622127031943,"gmtModify":1680791373572,"authorId":3582086608896606,"author":{"id":3582086608896606,"idStr":"3582086608896606","authorId":3582086608896606,"name":"Isityj","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":135984244,"type":1,"supId":0,"prevId":0,"content":"Hi can like my comment thanku","text":"Hi can like my comment thanku","html":"Hi can like my comment thanku"}],"langContent":"EN"},{"id":135984309,"gmtCreate":1622126270201,"gmtModify":1704179992926,"author":{"id":"3557272953214384","authorId":"3557272953214384","name":"WGSsss","avatar":"https://static.tigerbbs.com/c859daf551024a3f95b178c72e1b8354","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3557272953214384","authorIdStr":"3557272953214384"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135984309","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 22:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSBC":"汇丰"},"source_url":"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166192216","content_text":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to its largest market — Asia.In a note Thursday,Goldman Sachsbanking analysts reiterated that HSBC's lack of scale in U.S. retail banking was the main reason for its low profitability and high cost-to-income ratio stateside.\"Thus, we see the announced measures as a positive, as they represent a small step towards HSBC potentially becoming a more focused, simpler and more profitable group,\" analysts Martin Leitgeb, Andreas Scheriau and Gurpreet Singh Sahi said.Having struggled against the big domestic players in the U.S. and some parts of Europe, the British lender has been seeking an exit from its less profitable operations for some time.Although letting go of most individual and small business clients, HSBC will maintain a small physical presence in the U.S. to serve its wealthiest international clients.The group will exit 90 of its 148 branches, pertaining a small network of 20-25 physical locations which will be recalibrated as international wealth centers, with the remaining branches to be closed.Goldman analysts noted that while the financial impacts arising from the transactions are immaterial in the wider group context and no additional details have yet been given on the profitability of U.S. wealth and personal banking operations post-exit, the outlook is more positive.\"We see scope for improved profitability, as the branch footprint will have been reduced by over 80%, whilst loans will only be down 13% (all else equal),\" they said, continuing with a \"buy\" rating on HSBC shares.The main downside risks Goldman highlighted included weaker macro trends such as pandemic setbacks, limited progress on the bank's restructuring, escalating geopolitical tensions, increased competition and \"delays in optimising capital efficiencies within the group.\"Citizens Bank and Cathay Bank, subsidiaries of Citizens Financial Group and Cathay General Corp., have agreed to buy HSBC's businesses on the east and west coasts, respectively.The deal would see a majority of HSBC's 850,000 client relationships sold, primarily customers with balances below $75,000, butBank of Americanoted that a 2% deposit premium on the sale is \"low compared with industry averages, reflecting the high cost structure of the operations.\"\"The remaining customers are small in number but the dominant part of U.S. retail deposit balances. The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":135982297,"gmtCreate":1622126220919,"gmtModify":1704179990494,"author":{"id":"3576492860240782","authorId":"3576492860240782","name":"rou","avatar":"https://static.tigerbbs.com/a552b4fa38a7f2bc712e00c21bd2c846","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576492860240782","authorIdStr":"3576492860240782"},"htmlText":"wow","listText":"wow","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135982297","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 22:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSBC":"汇丰"},"source_url":"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166192216","content_text":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to its largest market — Asia.In a note Thursday,Goldman Sachsbanking analysts reiterated that HSBC's lack of scale in U.S. retail banking was the main reason for its low profitability and high cost-to-income ratio stateside.\"Thus, we see the announced measures as a positive, as they represent a small step towards HSBC potentially becoming a more focused, simpler and more profitable group,\" analysts Martin Leitgeb, Andreas Scheriau and Gurpreet Singh Sahi said.Having struggled against the big domestic players in the U.S. and some parts of Europe, the British lender has been seeking an exit from its less profitable operations for some time.Although letting go of most individual and small business clients, HSBC will maintain a small physical presence in the U.S. to serve its wealthiest international clients.The group will exit 90 of its 148 branches, pertaining a small network of 20-25 physical locations which will be recalibrated as international wealth centers, with the remaining branches to be closed.Goldman analysts noted that while the financial impacts arising from the transactions are immaterial in the wider group context and no additional details have yet been given on the profitability of U.S. wealth and personal banking operations post-exit, the outlook is more positive.\"We see scope for improved profitability, as the branch footprint will have been reduced by over 80%, whilst loans will only be down 13% (all else equal),\" they said, continuing with a \"buy\" rating on HSBC shares.The main downside risks Goldman highlighted included weaker macro trends such as pandemic setbacks, limited progress on the bank's restructuring, escalating geopolitical tensions, increased competition and \"delays in optimising capital efficiencies within the group.\"Citizens Bank and Cathay Bank, subsidiaries of Citizens Financial Group and Cathay General Corp., have agreed to buy HSBC's businesses on the east and west coasts, respectively.The deal would see a majority of HSBC's 850,000 client relationships sold, primarily customers with balances below $75,000, butBank of Americanoted that a 2% deposit premium on the sale is \"low compared with industry averages, reflecting the high cost structure of the operations.\"\"The remaining customers are small in number but the dominant part of U.S. retail deposit balances. The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":135988203,"gmtCreate":1622126141702,"gmtModify":1704179987896,"author":{"id":"3579590433924918","authorId":"3579590433924918","name":"The_scalper","avatar":"https://static.tigerbbs.com/b3fede485fa71d42dc4ea08960ab3e00","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3579590433924918","authorIdStr":"3579590433924918"},"htmlText":"US retail is very competitive market","listText":"US retail is very competitive market","text":"US retail is very competitive market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135988203","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 22:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSBC":"汇丰"},"source_url":"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166192216","content_text":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to its largest market — Asia.In a note Thursday,Goldman Sachsbanking analysts reiterated that HSBC's lack of scale in U.S. retail banking was the main reason for its low profitability and high cost-to-income ratio stateside.\"Thus, we see the announced measures as a positive, as they represent a small step towards HSBC potentially becoming a more focused, simpler and more profitable group,\" analysts Martin Leitgeb, Andreas Scheriau and Gurpreet Singh Sahi said.Having struggled against the big domestic players in the U.S. and some parts of Europe, the British lender has been seeking an exit from its less profitable operations for some time.Although letting go of most individual and small business clients, HSBC will maintain a small physical presence in the U.S. to serve its wealthiest international clients.The group will exit 90 of its 148 branches, pertaining a small network of 20-25 physical locations which will be recalibrated as international wealth centers, with the remaining branches to be closed.Goldman analysts noted that while the financial impacts arising from the transactions are immaterial in the wider group context and no additional details have yet been given on the profitability of U.S. wealth and personal banking operations post-exit, the outlook is more positive.\"We see scope for improved profitability, as the branch footprint will have been reduced by over 80%, whilst loans will only be down 13% (all else equal),\" they said, continuing with a \"buy\" rating on HSBC shares.The main downside risks Goldman highlighted included weaker macro trends such as pandemic setbacks, limited progress on the bank's restructuring, escalating geopolitical tensions, increased competition and \"delays in optimising capital efficiencies within the group.\"Citizens Bank and Cathay Bank, subsidiaries of Citizens Financial Group and Cathay General Corp., have agreed to buy HSBC's businesses on the east and west coasts, respectively.The deal would see a majority of HSBC's 850,000 client relationships sold, primarily customers with balances below $75,000, butBank of Americanoted that a 2% deposit premium on the sale is \"low compared with industry averages, reflecting the high cost structure of the operations.\"\"The remaining customers are small in number but the dominant part of U.S. retail deposit balances. The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":135983136,"gmtCreate":1622126053125,"gmtModify":1704179985469,"author":{"id":"3559192645447375","authorId":"3559192645447375","name":"Phoebella","avatar":"https://static.tigerbbs.com/c39afad3d430848c955620f39285f7b8","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":1,"idStr":"3559192645447375","authorIdStr":"3559192645447375"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/135983136","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4493821,"gmtCreate":1622258463797,"gmtModify":1680791747367,"authorId":3559192645447375,"author":{"id":3559192645447375,"idStr":"3559192645447375","authorId":3559192645447375,"name":"Phoebella","avatar":"https://static.tigerbbs.com/c39afad3d430848c955620f39285f7b8","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":135983136,"type":1,"supId":4472642,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"},{"id":4472642,"gmtCreate":1622126220211,"gmtModify":1680791376711,"authorId":3582257612761972,"author":{"id":3582257612761972,"idStr":"3582257612761972","authorId":3582257612761972,"name":"Sunbliss","avatar":"https://static.tigerbbs.com/fb697d3e2ae006f3042108283460ee2a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":135983136,"type":1,"supId":0,"prevId":0,"content":"reply to this comment","text":"reply to this comment","html":"reply to this comment"},{"id":4472621,"gmtCreate":1622126113507,"gmtModify":1680791372921,"authorId":3559192645447375,"author":{"id":3559192645447375,"idStr":"3559192645447375","authorId":3559192645447375,"name":"Phoebella","avatar":"https://static.tigerbbs.com/c39afad3d430848c955620f39285f7b8","vip":1,"crmLevel":3,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":135983136,"type":1,"supId":4472607,"prevId":0,"content":"Thanks for <u>replying</u>","text":"Thanks for <u>replying</u>","html":"Thanks for <u>replying</u>"},{"id":4472607,"gmtCreate":1622126066582,"gmtModify":1680791370499,"authorId":3582280831287785,"author":{"id":3582280831287785,"idStr":"3582280831287785","authorId":3582280831287785,"name":"alvintay89","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":135983136,"type":1,"supId":0,"prevId":0,"content":"hi","text":"hi","html":"hi"}],"langContent":"EN"},{"id":135917664,"gmtCreate":1622125957758,"gmtModify":1704179982234,"author":{"id":"3566114945046020","authorId":"3566114945046020","name":"ZhiYuan","avatar":"https://static.tigerbbs.com/15b3a0a1c00b230d42759119b008de43","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3566114945046020","authorIdStr":"3566114945046020"},"htmlText":"Please like and comment","listText":"Please like and comment","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/135917664","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 22:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSBC":"汇丰"},"source_url":"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1166192216","content_text":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of assets will sell off some parts of its mass-market business and wind down others as it looks to shift attention to its largest market — Asia.In a note Thursday,Goldman Sachsbanking analysts reiterated that HSBC's lack of scale in U.S. retail banking was the main reason for its low profitability and high cost-to-income ratio stateside.\"Thus, we see the announced measures as a positive, as they represent a small step towards HSBC potentially becoming a more focused, simpler and more profitable group,\" analysts Martin Leitgeb, Andreas Scheriau and Gurpreet Singh Sahi said.Having struggled against the big domestic players in the U.S. and some parts of Europe, the British lender has been seeking an exit from its less profitable operations for some time.Although letting go of most individual and small business clients, HSBC will maintain a small physical presence in the U.S. to serve its wealthiest international clients.The group will exit 90 of its 148 branches, pertaining a small network of 20-25 physical locations which will be recalibrated as international wealth centers, with the remaining branches to be closed.Goldman analysts noted that while the financial impacts arising from the transactions are immaterial in the wider group context and no additional details have yet been given on the profitability of U.S. wealth and personal banking operations post-exit, the outlook is more positive.\"We see scope for improved profitability, as the branch footprint will have been reduced by over 80%, whilst loans will only be down 13% (all else equal),\" they said, continuing with a \"buy\" rating on HSBC shares.The main downside risks Goldman highlighted included weaker macro trends such as pandemic setbacks, limited progress on the bank's restructuring, escalating geopolitical tensions, increased competition and \"delays in optimising capital efficiencies within the group.\"Citizens Bank and Cathay Bank, subsidiaries of Citizens Financial Group and Cathay General Corp., have agreed to buy HSBC's businesses on the east and west coasts, respectively.The deal would see a majority of HSBC's 850,000 client relationships sold, primarily customers with balances below $75,000, butBank of Americanoted that a 2% deposit premium on the sale is \"low compared with industry averages, reflecting the high cost structure of the operations.\"\"The remaining customers are small in number but the dominant part of U.S. retail deposit balances. The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4472842,"gmtCreate":1622127133662,"gmtModify":1680791375208,"authorId":3582941882069095,"author":{"id":3582941882069095,"idStr":"3582941882069095","authorId":3582941882069095,"name":"Agnes321","avatar":"https://static.tigerbbs.com/72f4879c093da4a3ce19d98c5ffa618d","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":135917664,"type":1,"supId":0,"prevId":0,"content":"Reply to this <u>comment</u>","text":"Reply to this <u>comment</u>","html":"Reply to this <u>comment</u>"},{"id":4472799,"gmtCreate":1622126976521,"gmtModify":1680791374762,"authorId":3582086608896606,"author":{"id":3582086608896606,"idStr":"3582086608896606","authorId":3582086608896606,"name":"Isityj","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":135917664,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":135914654,"gmtCreate":1622125941278,"gmtModify":1704179980941,"author":{"id":"3578200569665739","authorId":"3578200569665739","name":"Hihihihi","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3578200569665739","authorIdStr":"3578200569665739"},"htmlText":"Liek and comment","listText":"Liek and comment","text":"Liek and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/135914654","repostId":1166192216,"repostType":4,"repost":{"id":"1166192216","kind":"news","pubTimestamp":1622125174,"share":"https://ttm.financial/m/news/1166192216?lang=&edition=fundamental","pubTime":"2021-05-27 22:19","market":"us","language":"en","title":"BANKS ‘A small step’: Wall Street lukewarm on HSBC’s U.S. retail exit","url":"https://stock-news.laohu8.com/highlight/detail?id=1166192216","media":"cnbc","summary":"LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a m","content":"<div>\n<p>LONDON —HSBC on Wednesday announced it wouldexit its loss-making U.S. retail banking operations, a move that is being met with tepid applause by Wall Street analysts.Europe’s largest bank in terms of ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/27/a-small-step-wall-street-lukewarm-on-hsbcs-us-retail-exit.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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The retained customer base is internationally active or aligned with HSBC's wealth management ambitions,\" BofA banking analysts Alastair Ryan and Rohith Chandra-Rajan said in a note Thursday.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4472581,"gmtCreate":1622125962808,"gmtModify":1680791377211,"authorId":3582257612761972,"author":{"id":3582257612761972,"idStr":"3582257612761972","authorId":3582257612761972,"name":"Sunbliss","avatar":"https://static.tigerbbs.com/fb697d3e2ae006f3042108283460ee2a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":135914654,"type":1,"supId":0,"prevId":0,"content":"reply to this <u>comment</u>","text":"reply to this <u>comment</u>","html":"reply to this <u>comment</u>"},{"id":4472584,"gmtCreate":1622125968824,"gmtModify":1680791374638,"authorId":3566114945046020,"author":{"id":3566114945046020,"idStr":"3566114945046020","authorId":3566114945046020,"name":"ZhiYuan","avatar":"https://static.tigerbbs.com/15b3a0a1c00b230d42759119b008de43","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.92%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":135914654,"type":1,"supId":0,"prevId":0,"content":"please like and <u>comment</u>","text":"please like and <u>comment</u>","html":"please like and <u>comment</u>"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":45,"commentSize":23,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}