Quotes from the news wire:
The fact that in both cases an investment banker has moved in, rather than a commercial banker, suggests that the risk reward trade-off emphasizing supposedly low risk business has not succeeded only six years after the global financial crisis.
Found on Reuters 9 years ago
If this change is approved, it could signal that UK and U.S. regulators are comfortable with the renewed ascendancy of investment banking.
Found on Reuters 9 years ago
Overall, the statement is what we expected: an opportunity missed to restore investor confidence. HSBC may be shrinking slowly but it remains one of the world's most complex banks.
Found on Reuters 9 years ago
The share price has been dead for several years now. What the market is looking for is something pretty substantial like a new strategy, a new theme, they've had tens of thousands of job cuts already and it's not been the answer so far. It's repeating the same pattern.
Found on Reuters 9 years ago
They've had tens of thousands of job cuts already and it's not been the answer so far. It's repeating the same pattern.
Found on Reuters 9 years ago
HSBC operates one of the 10 largest U.S. banking holding companies and so for them to relocate into a perceived Chinese regulatory jurisdiction could be challenging, all the bank's main regulators -- UK, U.S., Hong Kong and maybe Singapore -- would have to agree, and that process if it took a year would be very fast.
Found on Reuters 9 years ago
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