This case deals with attempts by HSBC, among the two biggest banks on the planet by market capitalization, to develop a wholesale banking franchise that can effectively challenge those of major worldwide bank rivals like Citigroup, along with dominant "monoline" businesses including Goldman Sachs and Morgan Stanley.
It emphasizes the key dimensions of wholesale financial intermediation: loan syndication and project finance, loan securitization and credit default swaps, equity capital markets, debt capital markets, secondary market trading and other investment banking services for clients, along with principal trading and placement. Like most players in this marketplace, HSBC had some noteworthy successes and failures, but on the whole did not succeed in breaking into the top ranks of global investment banks despite clearly having the resources to do that. Pupils should learn a great deal about the competitive dynamics of this business, by recognizing what it takes to succeed.
PUBLICATION DATE: November 29, 2007 PRODUCT #: INS350-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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