HSBC, Europe’s largest bank, is seeking to pivot back to its Asian roots in an effort to raise its return on equity. That goal has a cosy feel in the year the bank celebrates its 150th anniversary. The problem is that its roots are now actually more in British and western commerce in Asia than in independent Asia itself.
Can HSBC Come Home Again?
Can HSBC Come Home Again?
Can HSBC Come Home Again?
HSBC, Europe’s largest bank, is seeking to pivot back to its Asian roots in an effort to raise its return on equity. That goal has a cosy feel in the year the bank celebrates its 150th anniversary. The problem is that its roots are now actually more in British and western commerce in Asia than in independent Asia itself.