HSBC is looking to repackage its loans sold in Asia, Africa and the Middle East as bonds and selling them to its US investor base, in a bid to improve investment banking profits, along with shedding credit risk and arbitrage capital requirements. The bank's US division made a profit of $282m in the first six months of 2015 but has been under pressure to boost income. HSBC's chief executive, Stuart Gulliver, said on Tuesday that he was "confident" his bank would be able to meet its targets for earnings this year. Click to get this free report JPMORGAN CHASE (JPM): The US remains an important market for HSBC given the importance of the dollar for clearing its trading business as well as providing access to US companies.
HSBC is looking to repackage its loans sold in Asia, Africa and the Middle East as bonds and selling them to its US investor base, in a bid to improve investment banking profits, along with shedding credit risk and arbitrage capital requirements. The bank's US division made a profit of $282m in the first six months of 2015 but has been under pressure to boost income. HSBC's chief executive, Stuart Gulliver, said on Tuesday that he was "confident" his bank would be able to meet its targets for earnings this year. The US remains an important market for HSBC given the importance of the dollar for clearing its trading business as well as providing access to US companies.