HSBC Holdings will scale back its investment banking operations in Europe, the UK, and the Americas as part of CEO Georges Elhedery’s restructuring efforts. The bank plans to exit equity capital markets and advisory services outside of its core focus in Asia and the Middle East in the coming months, according to an internal memo seen by Bloomberg News. HSBC will continue ongoing deals before closing operations in the West. The move follows HSBC’s recent merger of its global banking and commercial banking units outside Hong Kong and the UK. The lender aims to streamline operations and concentrate on growth markets. A spokeswoman declined to comment beyond the memo.