Banking giant HSBC abruptly closed ss="arc_keyword" href="/13/2017/0420/77982.html">down its entire equities division in Japan this morning, laying-off about 50 analysts, brokers and other staff from its head office in Tokyo, taking what it said was a "long term" view of its business. Everyone in the equities division - a group that includes about 25 analysts - was summoned to a meeting at 7.30am, and the announcement was followed by an immediate "black bin bag" exodus of staff from the building in Tokyo's Nihombashi financial district. The UK-Hong Kong banking giant's surprise decision to beat a strategic withdrawal from the world's second biggest economy and Asia's biggest stock market follows several months of reportedly strong trading activity at the division and several years' worth of effort to establish a decent-sized business in Tokyo. HSBC's relationship with Japan has been long - over 140 years - but troubled: the bank has repeatedly prodded at the surface of the Japanese financial services industry but has remained ultra-conservative throughout and never managed to make the same impact as other UK or US players. Observers in Tokyo said that Friday's pullout was typical of HSBC's approach to Japan, and would likely be something the bank regretted "in two years' time when the market is flying again." The retreat from Japan leaves HSBC with a small fixed income business and its Premier banking services in Japan - an operation which was designed to appeal to higher net worth individuals, but is understood to have enjoyed only anaemic customer growth since its launch. Earlier this month, HSBC stunned markets with a £12 billion rights issue designed to raise cash for staunching the financial wound left by its US division, Household. ，英语论文题目，英语论文范文 |
