HSBC puts global footprint under fresh scrutiny, considers dozen exits

by DailyBriefers

Business & Finance

In his first interview since taking the role, Chief Financial Officer Georges Elhedery exclusively told Reuters that HSBC is reviewing a possible exit from as many as a dozen countries, or one in five of the markets it operates in, to sharpen its focus on Asian expansion.     

Market Impact

HSBC’s ongoing pivot to Asia has already triggered planned sales of all or parts of its businesses in France, Greece, Russia and Canada, announced in the last two years

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & Finance

Regions: AsiaGlobal

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

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