HSBC mutineers are fighting yesterday’s war
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People and MarketsCommentSouthpaw

HSBC mutineers are fighting yesterday’s war

HSBC 2

An anonymous letter criticising HSBC’s global banking division exposes its history of underperformance in M&A. But that was never a priority for the bank, which should be more worried about a broader rebuild after the Matthew Westerman era, writes David Rothnie.

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