Finance
HSBC CEO says bank will look at more deals after Hang Seng move
Published by Global Banking and Finance Review
Posted on October 9, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 9, 2025
1 min readLast updated: January 21, 2026
HSBC plans further acquisitions after buying out Hang Seng, focusing on growth in Hong Kong and the UK while divesting non-strategic areas.
LONDON (Reuters) -HSBC will look at making more acquisitions in key areas, the bank's chief executive told Reuters on Thursday after the lender announced plans to buy out the remainder of Hang Seng bank.
"We are capital generative and we have the financial strength to go out and acquire," Georges Elhedery said, noting that Hong Kong, the UK, transaction banking and wealth were its priority areas for growth.
He added that the bank would at same time continue divesting from non-strategic areas over the next year.
Elhedery also told Reuters that while high stock market valuations were not currently a worry because of underlying economic resilience, it was "a risk we should be watching”.
(Reporting by Tommy Reggiori Wilkes, Editing by Kirstin Ridley)
An acquisition is a corporate action in which one company purchases most or all of another company's shares to gain control of that company.
Transaction banking refers to the services provided by banks to facilitate the financial transactions of businesses, including payments, cash management, and trade finance.
Market valuations assess the worth of a company based on its current stock price and market conditions, often influencing investment decisions.
Corporate strategy is the overall plan for a company to achieve its goals and objectives, including decisions on acquisitions, divestments, and resource allocation.
Wealth management is a financial advisory service that combines investment management, financial planning, and other financial services to manage and grow an individual's wealth.
Explore more articles in the Finance category
