The Conversation

HSBC restructuring shows universal banks are coming back down to earth

Author: The Conversation

HSBC heading for the bright lights.Alex Hofford/EPA

HSBC’s decision to end its operations in Brazil and Turkey, and lay off around 10% of its workforce worldwide shows just how far it has come from the days of touting itself as “the world’s local bank”. Its strategy used to be to offer any financial service everywhere in the...

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