HSBC is closing most of its retail operations and branches in the US, and is in trouble in its biggest market (China). This announcement will just accelerate its demise.
So sick of companies getting on the virtue signaling bandwagon.
Agreed........HSBC is in trouble.
I find their misfortune most pleasing.
The Hong Kong Singapore Bank of China (HSBC) must have run out of opium to sell to cover the rest of it’s losses. But maybe if someone turned off the heat in their Den they would re-adjust their thinking about looking for oil? But, sure, why not cut off one of your biggest sources of bizness revnue. In tranny terms this might be called a “cutadickofftomy”? ——to spite my face?