07:53 AM EST, 11/20/2025 (MT Newswires) -- (Updates with additional details in the second, third, and fourth paragraphs.)

HSBC Holdings ( HSBC ) is revamping its trading division as part of an effort to make the bank a leader in debt financing, Bloomberg reported Thursday, citing a memo to staff.

The changes include combining the firm's Group-of-10 rates trading unit with its foreign exchange, emerging markets rates, and commodities desks to form a new global macro division, the report said, citing the memo

The company will also merge its derivatives clearing services with its global equities team, according to the report.

The company's global debt markets businesses will now operate under its global credit and financing businesses, the report said.

HSBC ( HSBC ) didn't immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)