HSBC (HSBC) is looking into private credit as it seeks a way to raise revenue after months of job cuts, restructuring and a retreat from investment banking, Reuters reported Friday, citing five sources with knowledge of the bank's plans.
The lender is exploring potential partnership with various private credit firms, according to two of the sources.
HSBC did not immediately reply to a request for comment from MT Newswires.
Shares were over 2% higher in recent premarket activity.
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