HSBC puts global footprint under fresh scrutiny, considers dozen exits | Reuters News Agency
Business & Finance

HSBC puts global footprint under fresh scrutiny, considers dozen exits

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
The logo of the HSBC bank is seen at its UK headquarters at Canary Wharf in London March 6, 2008. REUTERS/Toby Melville (BRITAIN)
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