HSBC to reallocate $100bn of RWAs in shake-up

UK-based lender HSBC will pull capital from underperforming businesses in a bid to bolster the profitability of its retail banking and Asian segments.

The bank announced plans to redeploy $100 billion of risk-weighted assets (RWAs) by 2022. HSBC will cull around $58 billion of RWAs from its non-ring-fenced bank in Europe and the UK, with the trading division bearing the brunt – specifically the rates and G10 long-term derivatives units.

There will also be a reshuffle of RWAs within the US

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