Page 125 - Flip Banks TG

The decisions by the U.S. and British regulators were major

policy decisions that will impact directly on following

generations. Perhaps living up to the view that the rich get

rich and the poor get jail time.

What Should HSBC Do?

• Gulliver had already departed from HSBC’s history of

growth by acquisition when he instigated the recovery

process by pulling the bank out of 77 countries or
businesses through sales or closures.

• HSBC still needs to work to gain trust of its customers

and its shareholders.

• HSBC also needs to become leaner, more cost efficient

and effective. This is likely to manifest in a switch in

business orientation from the west to the east.

Especially as it disposes of weak elements in its

portfolio of businesses.