HSBC’s restructuring: is it enough though?

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 ...Already a subscriber? Login