Thought Machine names ex-HSBC COO Maguire chair
Cloud-native core banking provider Thought Machine has appointed former HSBC group chief operating officer Andy Maguire as chair.
HSBC will exit U.S. retail banking
HSBC announced it is withdrawing from U.S. mass market retail banking by selling some parts of its business.
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‘Black people are leaving’ says ex-HSBC banker Ian Clarke
Ian Clarke resigned as an HSBC banker, citing frustration at the speed and scale of its response to a report he wrote alleging racism inside the bank.
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World Business Watch: Europe’s biggest bank HSBC shrinks its presence in US | World Banking News
HSBC announced that it would sell parts of its business and shut down others in the US. The mass market withdrawing is from retail banking, a long-awaited move as the lender moves forward with a focus on its largest market, Asia.
#WorldBusinessWatch #HSBC #US
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From a banking perspective, the idea to break up HSBC is ‘complete stupidity’: Expert
Cyrus Daruwala from IDC Financial Insights discusses the proposed split ahead of the HSBC’s meeting with Hong Kong investors.
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