HSBC will look at UBS-style reorg, says Flint

HSBC Canada Square office London
By Owen Sanderson
15 May 2014

HSBC chairman Douglas Flint said this week that his bank would look at restructuring the group to deliver a capital benefit, along the lines that UBS announced last week.

“Clearly we have to look at restructuring the group if this will deliver a capital benefit,” said Flint. “I noted with interest the story on UBS doing exactly that, and if similar options are available to us, we will examine them.”

UBS plans to establish a holding company ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options