HONG KONG • HSBC, which generated about half its revenue in Asia last year, is accelerating its investment in the region. This comes even as it announced its biggest overhaul, with plans to cut up to 35,000 jobs over three years and shrink its investment bank in the United States and Europe.
Europe’s biggest lender, created 155 years ago as a merchant bank in Hong Kong, is betting that a China slump sparked by the coronavirus will be fleeting.
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