It’s hard to know really what to make of this week’s HSBC’s “actions to capture value from our global presence in a changed world” in terms of what it means for the group’s investment bank and CEO Stuart Gulliver’s efforts to return it to (less ambitious) group target profitability by 2017. Except it basically consigns Samir Assaf to another bout of serial cutting of assets, businesses and people for at least another 18 months.... more
APAC Financial Markets • #CEO, #CuttingAssets, #CuttingBusinesses, #Exits, #HSBC, #IB, #InvestmentBanking, #JobCuts, #Redundancies, #StuartGulliver #MarketNews
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