The bank's move this week to further cut back its European presence would seem to vindicate Ping An's stance that HSBC's global businesses had limited synergies and that it should focus more on Asia.
Cassidy Horton is a finance writer covering banking, life insurance and business loans. She has worked with top finance brands including NerdWallet, MarketWatch and Consumer Affairs. Cassidy first ...
and HSBC Group CEO Georges Elhedery was boldly culling expensive sacred cows his predecessors had opted to keep. "We are one of the last remaining truly global banks standing that provides its ...