HSBC’s restructuring: is it enough though?

By David Rothnie
20 Feb 2020

HSBC’s corporate finance staff have survived its restructuring largely unscathed, but the more ambitious among them will see the bank’s plans as a missed opportunity, writes David Rothnie. And with no answer yet on the identity of the next full-time CEO, the uncertainty is not over.

Noel Quinn’s claim to have delivered “one of the deepest restructuring and simplification programmes in the bank’s history” is a bold claim — and one that fell largely on deaf ears within the firm’s global banking division.

On Tuesday, HSBC’s interim CEO told analysts that the ...

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